Welcome to the Daily Pivots Blog! Understanding USD/CAD Intraday Bias So you’ve come across those mysterious numbers like S1, P, and R1 in the world of Forex trading, specifically when it comes to the USD/CAD pair. Don’t worry, you’re not alone! These are actually daily pivot points that traders use to determine potential support and…

ETHUSD: Ascending Triangle Pattern Above $1006 Ethereum Struggles to Maintain Bullish Momentum Ethereum was unable to sustain its bullish momentum, and after touching a high of 1251 on 9th July started to decline against the US dollar touching a low of 1006 on 13th July. After this steep decline, we can see that the prices…

Commenting on yesterday’s US CPI report, which showed headline inflation surged to 9.1%, Atlanta Fed President Raphael Bostic said the “numbers sugges… The Impact of Surging Inflation Rates Yesterday’s US CPI report revealed a staggering surge in headline inflation, with rates reaching a record high of 9.1%. This significant increase has sparked concerns among economists,…

European Stocks Opened Around Parity After a Mixed Asian Session; Investors’ Eyes on US CPI Data European Market Update European shares opened around parity this morning after a mixed Asian session. Investors are keeping a close watch on the upcoming US Consumer Price Index (CPI) data, which is expected to provide further insights into inflation…

EUR/USD Extends Decline and Tests 1.0000 Support Important Takeaways for EUR/USD and USD/JPY The Euro started a fresh decline and even tested the 1.0000 support. This significant level has held thus far, but the overall trend remains bearish for EUR/USD. On the other hand, USD/JPY is on the rise and might continue to gain pace…

The Definitive Guide to Price Action Backtesting This post is written by Jet Toyco, a trader and trading coach. I’m sure that at some point in your trading journey you’ve heard: “You must backtest your strategy before risking real money!” “If you want to save time and money in trading, backtesting is key!” On the…

Vacaville Welcomes Mettler-Toledo Rainin, LLC: A New Chapter for Interchange Business Park Embracing Growth and Innovation in Vacaville Welcome to Vacaville, where a new chapter in business development is about to unfold. Mettler-Toledo Rainin, LLC has announced their expansion into our very own Interchange Business Park, bringing with them a wealth of opportunities and promise…

USD Flow in the Foreign Exchange Market The Current State of the Market It’s all USD flow today – we’ve seen breakouts and downs in the DXY, AUDUSD, USDJPY, NZDUSD, GBPUSD and EURUSD is a whisker away from parity. The wrecking ball of economic uncertainties and global events has shaken up the foreign exchange market,…