The GBP/USD chart on the H1 timeframe clearly illustrates a prevailing downtrend, marked by consistent lower highs and lower lows, which indicates a dominant bearish market sentiment. Between late November and mid-December, the pair traded within a...
Gold prices retreated on Friday after reaching a swing high of $2,698, encountering resistance following a bullish breakout above the trendline and completion of the 78.6% Fibonacci retracement. Despite Monday's bearish reversal pattern and weak...
T E C H N I C A L _ A N A L Y S I S A U D / U S D Greetings to all members of the live discussion and welcome to all visitors. I hope all is good. I will cover current market movements in the AUD/USD market. AUD/USD is trading at 0.6193 at the time...
GBP/USD Today, GBP/USD is trading around 1.2296, down slightly by 0.10%. On the 4-hour chart, I’ve noticed the pair is staying below the 50-day moving average, which signals bearish momentum is still in play. The RSI is sitting at 45.96, showing a...
USD/JPY Technical Analysis: Today, USD/JPY is trading around 158.00, showing some consolidation at this level. In my view, key support lies at 157.35, while resistance is at 159.75. The bullish channel remains intact, suggesting the potential for...
