NZD/USD The price has successfully broken out of the rising red channel. Currently, it is trading within two distinct channels: a bullish red channel representing the price movement from the previous month and a bearish blue channel representing the...
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...
We can notice the effect of the US Non-Farm and Average Hourly Earnings rate on the USD/CHF pair. After the release of this news, the market of USD/CHF bounced up and reached around the 0.8970 zone yesterday. This movement indicates that the buyers...
USD/CAD Technical Analysis Even though the blue channel line has been rising above the monthly level of 1.3765, it is essential to note that both provide resistance for the price from the current level in line with the higher blue channel line. With...
Gold prices surged by over 0.80% after briefly dipping to $2,314, reflecting mixed signals in the US economy and steady PCE inflation, fueling expectations for potential Fed rate adjustments. The precious metal, a go-to asset in uncertain times,...