GBP/USD OUTLOOK ANALYSIS: On the GBP/USD H4 time frame chart, the GBP/USD pair experienced a notable drop, which at first glance may seem unprovoked. However, a closer examination reveals that this movement is not entirely unexpected. While the fall...
When considering entering a long position in a currency pair, it is essential to identify the most strategic entry points, potential profits, and risk management techniques. In the scenario described, there are two primary options for entering the...
The Australian dollar fell during the week, likely influenced by the rate cut by the Reserve Bank of New Zealand, which also pushed the New Zealand dollar lower. As the Australian and New Zealand currencies tend to move in tandem, it is worth...
EUR/USD technical analysis In the weekly chart, EUR/USD traded in the 1.0940 price zone after peaking at 1.0990 on Monday. The dollar outperformed the US Open in a bearish market environment as market sentiment turned bearish. For this reason, we...
USD/CHF technical analysis Today, I'm talking about the British pound. At the current market price of 0.8515, the price is at a solid support level. The price trend has been within its range for the past three days. After hitting a monthly high,...