Tag: Price movement

USDCAD has been on the rise since the Bank of Canada reduced rates by 25 basis points last week. Currently, the price is testing the major trend line resistance of a triangle on the...

The EUR/USD pair is currently experiencing a slight downward trend, with the intraday bias leaning towards the downside. Analysts predict that the fall from the short-term peak of 1.0947 could continue towards the 55-day...

EUR/USD and USD/CHF Trends AnalysisIn the world of forex trading, the EUR/USD and USD/CHF pairs have been making significant movements. Let's take a closer look at the technical analysis for these currency pairs.EUR/USD Technical...

AUDUSD has been on a downward trend since July 15, with the bears breaking through the key support level of 0.6690. The pair is now back within a range that it has been trading...

The US Dollar weakened last Friday due to a soft US NFP report that showed a cooling labor market. This led to an increase in the unemployment rate and a decrease in wage growth....

The New Zealand Dollar (NZD) has the potential to retest the 0.6130 level, according to analysts at UOB Group. However, the major resistance at 0.6150 may not be reached. Despite this, there is a...

Crude oil prices have been on the rise after surpassing the crucial $80 resistance level, driven by various positive factors in the market. The decision by OPEC+ to extend voluntary output cuts, along with...

The US dollar continues to be supported by strong economic data, such as the recent US PMIs and Consumer Confidence report. This data helps keep interest rate expectations stable and supports risk sentiment, which...

USDJPY is currently trading below the critical 160 level with weak momentum. There are signs of overbought conditions, indicating that sellers may be waiting below the 158.35-159.00 range. The possibility of BoJ intervention is...

EUR/USD is currently in a consolidation phase after reaching 1.0667, and the short-term bias is neutral. The resistance level at 1.0760 is expected to hold, leading to a potential further decline in the exchange...

Gold prices are holding steady above $2,300 as uncertainty looms around the Federal Reserve's rate-cut decisions. The Fed's recent hawkish outlook has led to speculation about only one rate cut in 2024, which has...

The USD lost ground last week due to a soft US CPI report, leading to market expectations of two rate cuts by the end of the year. However, the market reversed its moves after...

Last week, the Euro saw a significant decline indicating that the rebound from 1.0601 may have already ended as a correction to 1.0915. This week, the initial bias is towards the downside with a...