The US dollar pair has appreciated against the Canadian dollar once more, indicating a potential reversal in trend. We will need to monitor the situation closely to determine if momentum can be established, as that remains the key element currently absent from the charts. On Friday, a nice hammer was formed last week, and since … Read more
GBP/USD is currently positioned between 1.3450 and 1.3460, having encountered resistance once more at the 1.3534–1.3535 level. The mentioned level represents the highest point in the last three months and marks the upper boundary of the ongoing ascending channel. The pair currently rests just below the nine-day EMA at 1.3462, maintaining a position significantly above … Read more
The USD/CAD pair experienced a rally, which can likely be characterized as a response to an oversold condition. A recovery would likely result in a rally of the US dollar against numerous other currencies simultaneously. The oil markets have exhibited a lack of substantial strength in recent months, which does not favor the Canadian dollar. … Read more
The AUD/USD exchange rate has been on an upward trajectory, achieving its peak level since October of the previous year. The value increased to a peak of 0.6715, significantly surpassing this month’s low of 0.6440, driven by a surge in commodity prices and an increasing likelihood of divergence between the Reserve Bank of Australia and … Read more
The USD/JPY pair is currently positioned between 156.0 and 156.2, reflecting a decline of approximately 0.3% for the day following the recent Bank of Japan Summary of Opinions. The price has fallen below the nine-day EMA at approximately 156.19 and is currently positioned just above the initial support cluster in the range of 155.96–156.00. During … Read more
The USD/JPY is currently positioned in the mid-156s, specifically around 156.5–156.6, following a recent high near 157.77 and maintaining a presence in the upper segment of a broad 140–160 range throughout much of Q4. The daily candles exhibit a sense of control; however, it is important to note that we are in late-cycle territory following … Read more
The US dollar is experiencing a decline against the Canadian dollar during Christmas Eve trading, likely due to the thin trading environment typically seen during this period. In USD/CAD, given the current conditions, it is essential to approach the market with a high degree of caution, as USD/CAD is likely to experience significant volatility once … Read more
The USD/JPY is currently positioned in the mid-156 range, having retreated from a year-to-date high near 157.83 and consistently struggling to maintain levels above the 157–158 range. The rejection zone now establishes the upper boundary of a distinct double-top formation on the daily chart, with a neckline positioned around 154.42 and further trend support near … Read more
EUR/USD is currently positioned between 1.1779 and 1.1800, hovering just below a short-term supply zone at 1.1800 following a consistent upward movement since late November. The price is currently navigating an upward channel on the 2-hour chart, with previous resistance levels at 1.1745–1.1750 now functioning as support and coinciding with the intraday trend line. The … Read more
The AUD/USD pair maintained its upward momentum, achieving its peak levels since October 2024 following the release of the Reserve Bank of Australia’s minutes from the latest monetary policy meeting. The value increased to a peak of 0.6700, significantly surpassing the November low of 0.6420. The AUD/USD exchange rate remained stable as the RBA minutes … Read more