On the hourly chart, the GBP/USD pair continued its upward movement on Thursday, consolidating above the 161.8% corrective level at 1.3259. This suggests that the pound's rise could continue toward the next targets at 1.3357 and 1.3425. The bears...
Analyzing the forex market by daily candlesticks is a popular method among traders for identifying trends, price action, and key levels of support and resistance. A candlestick represents a single day of trading activity, showing four key data...
The U.S. dollar remains under significant pressure following the Federal Reserve's decision to lower interest rates by a half point, but this is not the only problem on the Forex market. As anticipated, the Fed's unprecedented 0.50% rate cut has...
Gold jumped to a high of 2,595 on Thursday and retested Wednesday's all-time high of 2,600. Despite hitting new highs, Wednesday's session ended on a weak note, with a bearish reversal and closing in the lower half of the day's trading range. This...
Important Points for GBPUSD: The market is trading at the 1.3276 level and the bullish concept is becoming strong today. Because the US dollar got weakness this week. For instance, traders who are long on the USD such as betting that the dollar will...
