The spot price weakened against the US Dollar (USD) during Friday’s Asian session, dropping below the crucial 1.3150 support level. This decline came as the USD extended its recovery from Wednesday, buoyed by the second estimate of the United States...
GBP/USD OUTLOOK ANALYSIS: On the GBP/USD W1 time frame chart, the currency pair is currently trading at 1.3153, and the overall market sentiment appears to be leaning toward the bearish side. Over the past few weeks, the pair has experienced a...
NZD/USD Market Outlook for the Week Good morning and wishing you a successful Monday! As we observed on Friday, the market demonstrated a notable bounce upward, successfully surpassing the 0.6100 zone. This has provided some stability to buyers of...
What Is a Double Top Pattern? In technical analysis, a double top pattern meaning refers to a chart pattern that consists of two swing highs with a trough in between, and the two highs should be at the same or almost the same level. Some traders...
Analysis of USD Currency Pair Behavior In recent trading sessions, we have observed significant movements in the USD currency pair, leading to notable changes in market sentiment. Bullish Breakdown Misleading Yesterday's attempt to break above the...