The Canadian dollar (CAD) displayed a contrasting performance on Friday. It gained ground against most major currencies but lost value compared to the US dollar (USD). This decline came as a result of strong US non-farm payroll data, which boosted...
Technical analysis of the EURUSD pair Daily chart In the hourly timeframe, the price remains confined within the flat range of 1.0785 - 1.0860. Therefore, I anticipate a rise to the upper boundary from Friday, followed by a decline within the...
Today, our focus centers on an in-depth analysis of the GBP/USD currency pair's price behavior, shedding light on the current market conditions and offering strategic insights for traders. Currently, the GBP/USD pair is navigating negative...
Technical analysis of the EURUSD pair Daily chart During trading on Friday, the pair's price fell and the rising red channel was broken. During this month, the price begins trading within price channels with an upward trend that represents the...
Margin vs Leverage Are you looking to enter the world of forex? Everyone is enthusiastic about forex these days, but many people are losing a lot of money because of the high leverage. For all newcomers, forex leverage and margin might be puzzling,...