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...
General Points: Like other markets tied to the US dollar, USDCHF has also favored buyers, similar to USDCAD. Currently, it is closing at the 0.8967 level, indicating that the US dollar has moved more than 60 pips. Therefore, we can say that in the...
First, if the price breaks below the 168.02 level, it indicates that the sellers have gained control, and further decline is expected. This level acts as a critical support, and breaking it suggests that the market sentiment has turned bearish....
EUR/JPY Pair Analysis: Current Market Situation The EUR/JPY currency pair has been exhibiting a sideways movement on the D1 chart for the past week. The price is currently fluctuating between the levels of 167.29 and 171.53. This range-bound...
GBP/ USD/H4 There has still not been any significant price movement on the gbpusd market until tonight and the price is still in the sell block order area (1.2788 - 1.2801) and the buy block order area at (1.2646 - 1.2650). However, buyers seem to...