Tag: Forex trading strategies

The Canadian dollar has been struggling against the US dollar for the past ten trading days, dropping by 2.1% in October. Currently, USD/CAD is trading at 1.3811, showing a 0.11% increase in Tuesday's session.The...

EUR/USD has seen a decline below the 1.1000 support zone recently. A bearish trend line is forming with resistance at 1.0945 on the 4-hour chart. The pair started its decline from the 1.1200 resistance...

The upcoming week is filled with important events that could impact the forex market. Let's take a closer look at what to expect:Monday: Key Fed governor Christopher Waller's comments on potential rate cuts based on...

Last week, GBP/USD showed a decrease in downward momentum, despite a drop from the short-term high of 1.3433. This week, the initial bias remains neutral. The currency pair is expected to find strong support...

The EUR/USD pair experienced a drop from 1.1213 to 1.0899 last week before finding some support around the 1.0920 mark. This led to a neutral stance for the upcoming week, with a possibility of...

Yesterday, the US Dollar received a boost from a higher than expected US CPI report, but quickly lost those gains. This was due to the US Jobless Claims figures also being released, showing a...

If you're finding it hard to understand what's going on with the NZDUSD price action, don't worry, you're not alone. Price action can be confusing, but looking at the technical aspects can help shed...

The US Dollar saw a strong rally last Friday after a positive US NFP report, leading to a shift in market expectations regarding rate cuts. This week, the greenback continued to rise as the...

Oil inventory data revealed a larger-than-expected build in headline crude oil. The Federal Reserve's Collins stated that labor markets are in a positive state overall. Major indices closed higher, and it was mentioned that...

EUR/USD has been on a downward trend recently, with a strong break of the 55-day EMA at 1.1031 indicating a reversal in the near term. This suggests that the currency pair may experience further...