See also
The USD/CAD chart displays a bearish trend, reinforced by an RSI indicator showing bearish divergence with the price. The price might descend towards the 1st support at 1.3498 and the 2nd support at 1.3387, both being overlap supports. Conversely, the 1st resistance at 1.3565 aligns with the 161.80% Fibonacci extension, and the 2nd resistance at 1.3650 matches the 78.60% Fibonacci projection, indicating as a multi-swing high resistance.
Separately, a rising wedge is a reversal indicator often seen in bear markets. This pattern appears when prices rise with converging pivot highs and lows towards an apex. If paired with diminishing volume, it can hint at a bear market continuation.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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The British pound remains under pressure due to the challenging economic situation in the United Kingdom. Recent economic data confirms this, which naturally affects demand for the sterling. Weak manufacturing
The Eagle Indicator is showing a negative signal, so if the price falls below 3,359, it is seen as a signal to sell with targets at the 5/8 Murray around
Bitcoin is trading around $115,400 after reaching the key level of $115,000, and a technical rebound is likely imminent in the coming hours, reaching the 21SMA around $118,350. If Bitcoin
Early in the European session, the EUR/USD pair is trading around 1.174, undergoing a technical correction after attempting to break below the 1.1790 level. The euro is likely to continue
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