GBPUSD H1 Technical Analysis The provided chart illustrates the hourly price action for the British Pound against the US Dollar (GBPUSD), covering the period from late April through early May. The current price is quoted at 1.35505. The market is...
EUR/USD Forecast: Euro Rebounds From 1.1676 as Softer Oil Pulls Yields Lower Euro Finds Support as Dollar Momentum Cools EUR/USD is trading around 1.1700, recovering from an intraday low near 1.1676 as the US Dollar loses some momentum. The move is...
The Importance of Break of Structure (BOS) in Forex Trading In the world of forex trading, understanding market structure is essential for making informed decisions. One of the most powerful concepts within price action trading is the Break of...
A shift in global tone rather than domestic strength appears to be driving the latest advance in the British pound, as improving risk sentiment subtly weakens the US dollar and creates room for sterling to extend higher. The move in GBP/USD is not...
The Aussie has a solid bid underneath it, but this is not the kind of rally where traders can ignore the ceiling above. AUD/USD is pressing near the 0.7190 zone after the Reserve Bank of Australia delivered another 25 bps hike, lifting the cash rate...
