The pair faced selling pressure from the intraday low of 0.6710 during Tuesday’s New York session. However, despite this dip, the price is anticipated to continue its upward movement as the US Dollar weakens following the release of the US Initial...
USDX INDEX PAIR ANALYSIS For the USDX index this week the price is back to closing with a bullish candle, but if we look closely at the chart on the H1 time frame, the USDX index is still consolidating and the closest support is currently at the...
GBP/USD Price Activity Our conversation today will delve into the price action analysis of the GBP/USD currency pair. The GBP/USD is moving within a descending channel that resembles a consolidation phase. The price isn't making significant moves...
GBP/USD technical analysis I hope all of you are doing well. GBP/USD reached 1.3055 on Friday after finding a few buyers. The pair started the day with a down gap, but bullish rallies continued despite the decline. There is something peculiar and...
In the realm of technical analysis, candlestick patterns serve as powerful tools for traders to interpret market sentiment and forecast potential price movements. Among these patterns, the candlestick stands out as a robust signal of impending...
