Investing in foreign exchange is a tremendous way to diversify your investment portfolio. Foreign exchange trading is, however, a little bit more complicated than trading stocks, commodities, cryptocurrencies, etc. With a daily turnover of $5 trillion, the foreign exchange market is one of the most liquid markets. Predominately dominated...
AUDUSD Technical Analysis: Weekly Chart In the weekly charts, AUDUSD is trading in a downward channel. It is trading below all SMAs: MA (20), MA (50), and MA (100). RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness. The immediate support...
AUDUSD Technical Analysis: Weekly Chart In the weekly charts, AUDUSD is trading below its previous upward channel. It is trading below all SMAs: MA (5), MA (20), and MA (50). The immediate support is at 0.70256 and the resistance level is at 0.72758 AUDUSD is trading outside and below...
USDCAD Technical Analysis: Weekly Chart In the weekly charts, USDCAD is trading within an ascending triangle. It is trading above MA (5) and MA (50) but below MA (20). The immediate support is 1.24392 and the resistance level is at 1.28904 USDCAD is trading within an ascending triangle until...
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