Although the US dollar doesn't possess momentum as strong as it did in the previous week, it could be perceived that in some pairs, the lowering momentum is still enough to provide a tailwind. An example of this is portrayed in the USDCAD, as its price action continues to rise toward resistance …
Price Action Charts in Focus
Dash 2 Trade (D2T/USD) Holds the Possibility of Surpassing the $0.0006 Price Level
On August 5th, the Dash 2 Trade reached its peak above the $0.0063 price level. Traders capitalized on this opportunity for profit-taking, which subsequently led to a decline in the price, which is now hovering around $0.0057. Specifically, the price dropped below this level as it has turned into a …
EURUSD Faces Selling Pressure as Buyers Seek a Sufficient Boost
EURUSD Analysis - Buyers Struggle to Gain Control EURUSD faces selling pressure as buyers seek a sufficient boost. The pair is facing significant pressure as buyers attempt to break above the key level of 1.10500. Despite some bullish momentum in July, sellers have remained dominant for an extended …