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USDCAD analysis for 11.09.2023

The recent technical indicators for the USD/CAD currency pair are hinting at a bearish momentum. The short-term Simple Moving Average (SMA) crossing below the long-term SMA often suggests a potential downward trend, indicating that sellers are gaining control. This bearish sentiment is further supported by the MACD (Moving Average Convergence Divergence) line crossing below its signal line. The negative reading of the MACD histogram at 0.00069 reinforces the possibility of...

September 11, 2023By Forex NewsRead more...
H4 Chart Daily Technical and Fundamental

EURCHF analysis for 08.09.2023

On the 4-hour EURCHF chart, price action is predominantly in the upper half of the Bollinger Bands, hovering near the upper band. This typically hints at a recent bullish sentiment. However, the Bollinger Bands' narrowing suggests decreasing volatility, potentially signaling a consolidation or a change in trend. The shift in the Parabolic SAR dots from below to above the price, with three consecutive dots, often indicates a potential bearish reversal....

September 8, 2023By Forex NewsRead more...
gold bar

Gold analysis for 05.09.2023

The Gold market is currently facing a potential resistance indicated by a green Ichimoku cloud ahead. The histogram on the indicator reflects weak bearish momentum with a red hue. Traders might observe these elements as potential signals of impending price movement or a potential reversal, taking into consideration the interaction between price and the Ichimoku cloud as well as the strength of the histogram color.• There is a resistance level...

September 5, 2023By Forex NewsRead more...