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The USDCAD currency pair experienced a sudden rise in buying strength as Donald Trump won the US presidential election. This win has given a significant boost to the US Dollar. In contrast, the Canadian Dollar looks weak ahead of crucial domestic employment data. Since Trump’s policies could lead to higher inflation through changes in tariffs […]

The post CAD: Critical Zone Could Turn Bearish appeared first on Action Forex.

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Global Takeaways of the U.S. Election

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04/11/2024

Preparing for a US Election Marathon

The world is preparing for the November 5 US presidential election Voting times vary across states but the focus will be on seven key states Candidates need to win most of these swing states to secure victory “Safe” states will be called quickly but the final result might be delayed for days The countdown to the […]
17/09/2024

Crude Oil Prices Recovery Begins: Can It Sustain?

Key Highlights Crude oil prices started a recovery wave from the $65.50 support. A major bearish trend line is forming with resistance at $72.50 on the 4-hour chart. Gold consolidated gains after trading to a new all-time high above $2,580. EUR/USD regained traction for a move above the 1.1100 level. Crude Oil Price Technical Analysis […]
22/04/2024

Bitcoin (BTCUSD) Buying the Dips After Elliott Wave Double Three

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Bitcoin BTCUSD published in members area of the website. Our members are aware of the numerous positive trading setups we’ve had in the crypto market recently. One of them is BTCUSD, which experienced a pullback, […]