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USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The correction target might be 1.3360. Next, the price might have a chance to rebound from it and continue the downtrend. However, the quotes could drop to […]

EURUSD, “Euro vs US Dollar” EURUSD has broken 1.0920 downwards and continues developing a structure of decline to 1.0880. After the quotes reach this level, a link of growth to 1.0920 is not excluded (a test from below). Next, a decline to 1.0857 is expected, from where the wave could continue to 1.0750. This is […]

The FTSE Finish Line – June 28 – 2023 Sage Leads Blue Chips Higher, BoE’s Bailey Notes Resilient UK Economy  The FTSE sended Wednesday’s trading session on a modest positive note gaining 0.25%, following the overnight gains on Wall Street. Bank of England (BoE) Governor Andrew Bailey commented on the UK economy at the Sintra […]

Daily Trade Setups #USDCNH #STOXX50 #Tesla To access today’s actionable analysis, click here! Source: Tickmill

The major currency pair maintains upward momentum on Wednesday. The current EURUSD quote is 1.0950. President of the European Central Bank Christine Lagarde stated the day before that the ECB is unlikely to be able to declare achieving peak interest rates and the end of the interest rate hike cycle soon. Thus, the foreign exchange […]

The Australian dollar is rapidly declining against the US dollar on Wednesday. The current AUDUSD quote is 0.6643. The Aussie is aiming at its three-week lows today as investors receive confirmation of the Reserve Bank of Australia’s intention to pause its tight monetary policy cycle. The Australian inflation statistics for May prove this development. The […]