The currency pair has shown strong bullish momentum in recent trading sessions. This momentum is evident from its movement above the 100-period Simple Moving Average (SMA) on the weekly chart, a key indicator often used by traders to assess the...
A Doji candlestick pattern in forex trading signifies indecision in the market, where the opening and closing prices are nearly identical. This pattern can indicate potential reversal or consolidation, especially when it appears after a strong...
The currency pair staged a recovery in Monday's American trading session after hitting a three-week low near 1.0811. This rebound can be attributed to a combination of factors, including the outcome of France's parliamentary elections and softening...
GBPUSD Analysis Today, it is trading above the resistance level of 1.2650 and is expected to close above it, suggesting a buying priority for tomorrow with a target of 1.2710. If the bears push the price below this level and it remains there, the...
Today, I do not have any open transactions and prefer to wait and see. This analysis uses several moving averages with varied periods, supported by critical support and resistance levels, to determine potential entry and exit points. The bearish...