Market Analysis: GBPJPY Experiences Intense Bearish Trend The GBPJPY currency pair experienced a significant bullish trend, peaking at the 207.620 mark. This upswing began in early May 2024 and was characterized by a strong increase in buying momentum, with the price remaining in the overbought …
Forex Strategies
NZDUSD Experiences a Significant Bearish Reversal
Market Analysis: Market Experiences Intense Bearish Momentum Dominance NZDUSD (New Zealand Dollar) against the US Dollar (USD) exhibited a robust bullish trend beginning in early May 2024, ascending from a baseline of 0.58800. This uptrend continued into mid-June 2024, with the pair reaching a peak …
USDCAD Faces Pressure Amid Interest Rate and Economic Challenges
The USDCAD exchange rate continues to experience downward pressure as a result of interest rates and broader economic challenges. Currently, the USDCAD pair is trading around 1.3760, with the Canadian dollar experiencing strain from a combination of factors. A significant drop in oil prices, along …
