USDCAD currency pair can be expected to rise to the next resistance level 1.4100 (former double top from November and the target price for the completion of the active impulse wave iii). USDCAD broke pivotal resistance level 1.3955 Likely to rise to resistance level 1.4100 USDCAD currency pair recently broke the resistance zone between the
The dollar steadied in Asian trading on Friday after suffering a sharp late-session reversal, as investors balanced hopes of a Middle East ceasefire against a still-uncertain path for US interest rates. The US currency edged up to about 160.07 yen, recovering some ground after falling to its weakest level in a week. The Australian and
The British pound was on track for its strongest weekly performance in nearly a month on Friday, benefiting from a weaker US dollar as investors responded to growing optimism that a potential Middle East peace agreement could be approaching. Sterling showed little reaction to fresh economic data indicating that the UK economy may be beginning
Gold can be expected to fall to the next support level 4100.00 (former multi-month low from March) – the breakout of which can lead to further losses toward 4000.00. Gold broke key support level 4325 Likely to fall to support level 4100.00 Gold recently broke the support zone between the key support level 4325.00 (which
Geopolitical tensions and rising inflation have stalled rate cut hopes, pressuring markets and driving Gold toward 11-week lows amid uncertainty. Geopolitical Conflict as the Primary Market Driver The escalating military conflict between the U.S. and Iran—centered around the Strait of Hormuz—has become the dominant force shaping investor sentiment. The breakdown of the ceasefire has replaced
Curve price outperforms the broader cryptocurrency market as traders react to major protocol developments and bullish technical signals Curve DAO Token (CRV) emerged as one of the strongest-performing DeFi assets this week, climbing more than 8.5% in 24 hours to approximately $0.213 while significantly outperforming the broader cryptocurrency market. The rally comes amid a combination
The EUR/GBP exchange rate has moved sideways in the past few days as traders focus on the upcoming European Central Bank (ECB) and Bank of England (BoE) interest rate decisions. It was trading at 0.8627, down from last year’s high of 0.8865. It has formed two major chart patterns, pointing to more downside. EUR/GBP has
Major currency pairs traded within narrow ranges during the European session on Thursday after experiencing heightened volatility in the previous session. Investors turned their attention to the European Central Bank’s monetary policy announcement and upcoming US producer inflation data, both of which were expected to provide fresh direction to financial markets. US Inflation data triggers
EURAUD currency pair can be expected to rise to the next resistance level 1.6600 (target price for the completion of the active short-term impulse wave 1). EURAUD broke resistance zone Likely to rise to resistance level 1.6600 EURAUD currency pair recently broke the resistance zone between the pivotal resistance level 1.6385 (which has been reversing
There are approximately 180 currencies in the world today exchanged daily via the foreign exchange market (Forex), the largest of its kind. To better understand and describe this complex market, economists, investors, traders, and journalists often divide it into different categories. For example, market participants differentiate between so-called ‘safe-haven currencies’ like the U.S. dollar and