Breaking Down the USDCAD Chart: What Does it Mean for Traders? The Story Behind the Numbers If you’ve been keeping an eye on the USDCAD chart, you may have noticed a flat pattern forming on the H4 time frame. This pattern is characterized by a false breakdown of the upper boundary, followed by a return…
Gold’s Price Rallies Amid Tariff News US Tariffs on Canada, Mexico, Silver, and Gold Gold’s price (XAU/USD) has been on the rise for a second straight day this week following the news that US President Donald Trump plans to impose 25% tariffs on Canada and Mexico as early as February. In addition to these tariffs,…
Silver Price Drops Slightly in Tuesday’s European Session Market Analysis The silver price (XAG/USD) dropped slightly to near $30.50 in Tuesday’s European session. The white metal is facing pressures as the US Dollar (USD) rebounds strongly after President Donald Trump confirmed that the plan of tariff hikes on foreign countries is delayed not denied. Factors…
The EUR/CAD Pair’s Intriguing Movement What Happened in Tuesday’s European Session? The EUR/CAD pair saw a significant shift in its movement during Tuesday’s European session as it failed to push above the key resistance level of 1.5050. This resulted in the pair surrendering a majority of its intraday gains, marking a halt to its four-day…
Trump’s Inauguration and the Future of America A New Era? Trump’s latest statements at his inauguration emphasized the return of America’s “golden age,” which, in Trump’s terms, translated to strict borders, trade wars, and oil oversupply. Surprisingly, no comments were made about the cryptocurrency industry, despite the release of the Trump and Melania coins, which…
It’s a New Dawn: Trump’s Tariff Announcement Sparks Hope in Global Markets What a Rollercoaster Ride! Monday, 20 January was no ordinary day in the world of global markets. Investors had their hearts in their mouths as they awaited Trump’s inauguration speech, hoping against hope that it wouldn’t spell disaster for their portfolios. And what…
USD Weakness and Its Impact on the Market Feeling the Pinch Further US Dollar (USD) weakness is not ruled out; the major support at 7.2420 is likely out of reach for now. In the longer run, decline in USD seems excessive, but there is potential for a test of 7.2420, UOB Group’s FX analysts Quek…
Charmingly Eccentric: Exploring the USDCAD Chart on H4 A False Breakdown and Volatility on the Horizon As we delve into the intricacies of the USDCAD chart on the H4 timeframe, we are met with a captivating sight. A flat pattern with a false breakdown of the upper boundary has caught the attention of traders worldwide….
