The chart you've uploaded shows the GBP/USD currency pair on a 1-hour timeframe. Here are the key elements and observations from the chart: 1. **Trend Analysis**: - The chart indicates a downtrend, as illustrated by the downward-sloping channel. -...
EU hikes tariffs on Russia, Belarus grain imports European Union leaders have turned their focus to a pressing issue: how to tighten their grip on Russia's key revenue streams. After much deliberation, they have agreed to raise tariffs on Russian...
GBP/USD/H4/Time Frame zone yesterday. The GBP/USD reached the 1.2784 zone yesterday successfully. And, the buyers aimed to bounce and cross the next resistance zone of 1.2842 later. Moreover, anticipation is high for the upcoming US trading session,...
AUD-USD PAIR REVIEW The price of the AUDUSD pair, which is currently still moving below SMA 200 and the pivot point (PP) 0.6621, is making the direction of the bullish trend weaken. The very impulsive price decline due to the NFP data report last...
Hello all, Gold prices rebounded by more than 1.2% to close at $2,355.49 per ounce on Wednesday, June 5, fully recovering the losses from the previous trading day. Weaker-than-expected U.S. private employment data, released on Wednesday, reinforced...