USD/CAD, for all intents and purposes, has been stuck in a very big range between 11 May 2015 swing low of 1.19202 and 18 January swing high of 1.46903. Since the summer of 2020, however, price has consolidated into a right-angled ascending triangle pattern. As priced gets squeezed, the pair could be ripe for a […]
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Daily Pivots: (S1) 1.1590; (P) 1.1628; (R1) 1.1650; More…. Intraday bias in EUR/USD remains neutral first, but focus is back on 1.1506 temporary low with today’s decline. Firm break there will resume the fall from Read more…
Dollar advanced broadly today as risk aversion swept through global markets. Asian equities declined while investors moved back toward safe-haven assets amid growing doubts about the narrative that the Iran war is nearing an end. Read more…
Bitcoin is in a “transition phase,” consolidating below $70,000 after retreating from $71,000, however the recovery lacks the “ingredients of a decisive bullish turn”. Despite accelerating institutional inflows into US Spot Bitcoin ETFs, the average Read more…