The Impact of Fed’s Interest Rate Guidance on USD/CAD Pair Technical Analysis of USD/CAD Pair The USD/CAD pair recently found intermediate support after correcting swiftly to near 1.3160 in the London trading session. This level has proven to be a strong support zone for the pair, as it bounced back from this level multiple times…
Gold Price Retreats from Weekly Highs Market Update The price of gold, also known as XAU/USD, has retreated from its weekly high and is currently hovering around $1,972 in Thursday’s early Asian trading session. This pullback comes as investors await further clues to sustain the gains made in gold following the recent Federal Reserve meeting….
Charmingly Eccentric: A Look at the GBP/USD Pair Introduction The GBP/USD pair has been a topic of discussion among forex traders as it struggles to capitalize on the previous day’s recovery. The pair, which hit a two-week low, is now hovering around the 1.2880-1.2875 region, facing some selling pressure near the 1.2900 mark during the…
The EUR/GBP cross has been facing selling pressure for the past two days, leading to a retreat from its recent high above the 0.8700 mark. This downward trend has continued into the European session today, pushing prices to a one-week low. Traders are now watching closely for a potential break below the key 0.8600 level…
Blog Post: The AUD/USD Pair and Market Trends What’s Going on? The AUD/USD pair has recently faced strong resistance near the 0.6750 mark, following a slightly hesitant pullback during the late European trading session. The Aussie currency’s attempt at recovery has started to fizzle out as investors adopt a more cautious approach. This shift in…
USD/INR grinds higher past 82.00: A Funny and Quirky Look at the Market Getting Defensive at 82.05 It’s a Monday morning, and the USD/INR pair is grinding higher past 82.00, reaching 82.05. It seems like the Indian Rupee (INR) is feeling mostly defensive today, as it consolidates the previous two-week downtrend. The market is in…
USD/CHF drops back to 0.8600, reversing Friday’s recovery Traders Seek Clues to Defend US Dollar’s Rebound As the new trading week kicks off, USD/CHF has dropped back to 0.8600, reversing Friday’s recovery from a multi-year low. Traders are now on the lookout for more clues to defend the US Dollar’s rebound heading into Monday’s European…
Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and review of July 14th 2023 is here. It is now time to recap and summarize the trade setups that we had during this week. Below you will find a short explanation of all the trade setups we had this week and…
