The provided chart displays the GBP/USD currency pair on the H1 (one-hour) timeframe. This analysis combines key technical tools and principles, including moving averages, candlestick patterns, and the Relative Strength Index (RSI), to offer...
After breaking out of its resistance zone, the GBP/USD pair has experienced significant volatility in recent weeks. A divergence in resistance is evident, with the 200-day simple moving average (SMA) aligning near 1.2705. In Tuesday’s session, the...
USD/JPY Today, USD/JPY is maintaining its bullish momentum, trading around 148.50. I’ve noticed strong support at 148.00, which aligns with the 50-day moving average. This level has been a key area for buyers to step in. Resistance is currently at...
EUR/USD H-1 Good day, colleagues and traders! Sellers are stronger than buyers. We can see this from the position of the indicator on the chart, which is above the trading instrument. At the bottom, there is the MACD indicator oscillator, which...
GBP/USD Technical Analysis The 50-day SMA at 1.2708 serves as a critical threshold. A breach below this level could escalate bearish activity while maintaining the price above, strengthening the bullish case. In the short term, the price appears...
