The crude oil H1 chart shows a prolonged downtrend that has been in place since mid-January, with a series of lower highs and lower lows. The price has been consistently moving within the Bollinger Bands, respecting the lower band as a dynamic...
EURCHF Daily Time Chart Analysis EUR/CHF is facing strong support at 0.9360. The pair has recently broken out of a growing trough that has been in place since late November. The pair is currently trading within its short-term moving average (SMA)....
As investors process the Bank of England's (BoE) dovish stance on interest rate outlook and downwardly reduced Gross Domestic Product (GDP) predictions for the year, the GBP outperforms its main rivals at the beginning of the week. Following the...
Currency pair GBPUSD - let’s consider the H1 period chart today. Earlier, the first trading week was completed, and a new trading month began. The price began with a sharp downward drop, creating an impressive gap that quickly closed. And then the...
GBP/USD Forecast for February 10, 2025 Friday’s release of mixed U.S. employment data has resulted in the British Pound closing below the MACD indicator line. The market opened on Monday below this line, indicating a bearish sentiment among traders....
