If the GBP/USD pair manages to rise above this resistance level and establish it as a new support zone, it could attract technical buyers who are looking for signs of a bullish reversal. Surpassing this resistance would signify a shift in market...
Technical analysis of the GBPUSD pair 4-hour chart The price is now trading in a good buying zone as the price receives support from the lower channel lines. During this week, the price began trading in the support area represented by the lower...
USD/CAD Outlook Good Morning guys! The US FOMC and CPI, PPI rate will help the buyers to cross the 1.3800 zone soon. However, the Canadian housing market may also affect the value of the CAD, as a slowdown or a bubble in the housing market can...
Technical analysis of the NZDUSD pair 4-hour chart This week, the pair's price is trading within price channels that support the upward trend, and a price bottom has been formed along with the lower channel lines. As the price approached the weekly...
EUR/USD Analysis Following the release of nonfarm payroll data on Monday, the US dollar (USD) continued its strong rally, sending the EUR/USD pair into negative territory and falling to a five-week low in the 1.0735-1.0730 range. However, after...