The price has continued to gain against the Dollar, closing Friday with significant upward momentum amid a light economic calendar in the UK. Across the Atlantic, a weaker US economic outlook fueled the pair’s advance, with the US Conference Board...
Technical analysis of EURGBP Today we will perform a technical analysis on EUR/GBP. EUR/GBP is the main currency pair in the foreign exchange market. The market is currently between our support and resistance levels. EUR/GBP remains bearish and is...
A "crab pattern" in forex trading refers to a specific harmonic pattern used to identify potential reversals or turning points in price action. Created by Scott Carney, the crab pattern is known for its accurate Fibonacci extensions, especially the...
USD/CAD technical analysis The USD/CAD experienced significant growth last Thursday, but it now appears that a correction is in order. Currently, the pair is declining, and there are concerns that this correction may shake buyers away from their...
EUR/USD Technical Analysis There is no cross-rate shopping, so they had to close and reopen the sale. The EUR/USD chart shows a support range of 1.0792, which could support the rate further towards 1.0820. In this case, the best solution would be to...