Market Analysis In this market analysis of the GBP/USD pair, we observe a clear bearish trend dominating the price action from late December 2023 through early January 2024. The chart displays a descending channel bounded by a red resistance line at...
Bitcoin (BTC/USD) H4 Timeframe Analysis. On the H4 chart, Bitcoin is currently trading around the 93,000 zone after a prolonged corrective phase from the previous all-time high area near 128,000–123,000. The broader trend structure on the H4...
I am observing that Friday’s close on the GBP/USD currency pair formed a structure very close to a pin bar, which I interpret as a potential early warning of seller pressure emerging near the recent highs. I note that the current price around 1.3441...
GBPUSD Outlook | Sellers Extend Control After Weekend Developments Following the weekend developments, GBPUSD has come under renewed selling pressure. Sellers have pushed the price below the 1.3430 region and are attempting to stabilize beneath...
I find myself observing that the price is currently flat in the premarket, matching Friday’s close, but I am acutely aware that there is still over an hour until the opening bell. I remind myself that anything can happen in this volatile...
