The British Pound (GBP) weakened against the US Dollar (USD) last Friday, with the GBP/USD pair dropping to around 1.2660. This decline coincided with a rise in the US Dollar Index (DXY), which measures the strength of the USD against a basket of...
Hello everyone, I will be discussing the trend of the GBPUSD currency pair. The GBPUSD pair ended the trading week with a bullish candle, showing signs of bullish momentum. On the daily time frame, the currency pair has been in a clear uptrend,...
How to Trade Based on Fundamentals: Introduction Trading based on fundamentals involves analyzing the economic, financial, and other qualitative and quantitative factors that influence the intrinsic value of an asset. Unlike technical analysis,...
Technical analysis involves studying historical price data to forecast future price movements. One of the primary tools used in technical analysis is chart patterns. These patterns form due to the price action of a currency pair and can signal...
The USD/JPY market experienced a turbulent day, with buyers unable to recoup their losses, driving the price down to approximately 155.26. This suggests a shift in momentum towards the sellers, making a buy order on USD/JPY more advantageous than...