Even though the RSI has shown the price is in the oversold zone, the strengthening USD is still pushing the pair down further, the DXY dollar index is now at 104,172 up from yesterday's low of 103,816

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USDCAD hovers ahead of BOC interest rates USDCAD price hovers near 1.38500 resistance ahead of today's BOC interest rate announcement. Yesterday the price drew a small body bearish candlestick with a high of 1.38370 and a low of 1.38129 indicating a ...

What happen in the market today?

EURUSD price fell yesterday and drew a lower low indicating a strong downtrend. But the decline has faded and now the price is trying to rise weakly.

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Gold price rebounded after reaching a new ATH of $2740 On Monday, the gold market price resumed its rise and reached a record high of $2740.34 from an open price of $2717.80 with a low of $2713.83. The soaring gold price is thought to be due to ...

What happen in the market today?

Last weekend the EURUSD price rose drawing a bull candle, this is a question mark whether it is a reversal signal because the price is oversold based on the RSI.

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Why is the price of Silver surging but not setting a new all-time high? Last week we witnessed the rise in gold prices which again set a new all-time high for the umpteenth time in 2024. And last week we also saw the price of Silver rise from a low ...

What happen in the market today?

EURUSD is still moving near the lower band line with the BB draw pattern of the descending channel, the ECB cuts interest rates by 25 bp. EURUSD prices are falling further.

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EURUSD plunged after the ECB cut interest rates by 25 basis points EURUSD prices have extended yesterday's decline following the ECB cutting interest rates by 25 bp. EURUSD price fell to a low of 1.08104 from a high of 1.08788, candle closing at ...

What happen in the market today?

EURUSD yesterday extended its decline, drawing a bearish candle. Today we are waiting for US retail sales and unemployment claims news.

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AUDUSD drops awaiting Australian employment data AUDUSD prices yesterday extended their decline amid traders waiting for Australian employment data which will be released today. AUDUSD fell to form a low of 0.66579 and a high of 0.67042 on the ...

What happen in the market today?

Yesterday EURUSD extended its decline, daily RSI indicated near oversold zone level. In H1, the indicators still indicate a downward market.

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Gold prices returned to moderate gains around $2660 Yesterday the price of gold rose drawing a bullish candlestick from a low of $2638 to a high of $2668. The rise in this precious metal benefited from sentiment to avoid geopolitical risks and ...

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USDCAD extends the increase that started on October 2 Yesterday's USDCAD price was still drawing a bullish candlestick with higher highs and lower highs which reflects a bullish market. Although Canadian economic data released on Friday showed job ...

What happen in the market today?

It seems slowly that EURUSD still has the potential to continue its decline, now the price is near the middle band line on H1, MA, and RSI are still in a downtrend signal.

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It looks like EURUSD is consolidating near the lower band, today the bank holidays in Japan, Canada, and the US may be a bit sluggish.

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Silver gapped down seen at Monday's market open Silver is now traded at around 31,179 on the FXOpen platform. Last weekend Silver prices rose drawing a bullish candlestick with a low of 31,055 and a high of 31,624 extending the previous day's rise. ...

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Happy weekend all traders, I hope everyone is healthy and happy, health is an expensive blessing because when we are sick it may cost a lot.

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The decline continues but fades somewhat, there is a long wick on yesterday's bearish candle. RSI level 36 is near the oversold zone. Today we are waiting for US PPI data.

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USDCHF fell still within the range when the US CPI data was released Yesterday the USDCHF price drew a bearish candlestick with a small wick on the top candle. The price formed a high of 0.86138 and a low of 0.85568 on the FXOpen platform. Even ...

What happen in the market today?

It looks like the EURUSD is still extending its decline. Bollinger expands indicating rising market volatility. However, today there is important news from the FOMC meeting minutes which may cause market turmoil.

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