Technical analysis of GBPUSD Today I choose GBP/USD for technical analysis, the market price is currently falling in the 1-hour time frame, but the market price broke this trend line, helping the price be higher. The market price retraced after...
The Cable experienced a notable decline against the US Dollar (USD) on Tuesday, as the Greenback rebounded from previous losses. At the time of writing, the GBP/USD pair was trading at 1.2755, a drop from its daily high of 1.2764 earlier in the...
The USD/CHF market is currently in an uptrend and showing significant upward momentum. Earlier today, after a strong rally, the market tested the downtrend line. The USD/CHF market successfully broke above the 100 SMA, which indicates that the...
Hello, GBP/USD remains under downward pressure near the 1.2720 region on Tuesday, driven by continued buying in the greenback ahead of Wednesday’s US CPI release. A breakout could be in order. In this scenario, 1.2700 (Fibonacci 38.2% retracement)...
Technical analysis of AUDUSD Today I choose AUD/USD for technical analysis. The market price is rising, but I see the market is moving out of this trend line, which is helping the price a lot. After breaking the trendline, the cost market failed to...