GBP/CHF Market Analysis Wednesday, August 07, 2024 Overview The recent interest rate cut of 25 basis points by the Bank of England (BoE) has negatively impacted the outlook for the British Pound (GBP), leading to a decline in its value. In analyzing...
Technical Analysis of EUR/USD Good morning fellow traders. Today, we'll conduct an analysis of the EUR/USD market, which could be quite beneficial for trading this week. Let’s delve into the current chart prepared on the Daily (D1) timeframe. At...
### Analyzing Market Behavior: The Case of 145.50 Resistance In the realm of financial trading, understanding market dynamics is crucial for making informed decisions. One key concept to grasp is how price levels can act as significant psychological...
Technical Analysis of EUR/USD Last week, the euro tried to continue its growth, but it encountered a critical barrier and failed to break through it. The price touched the level of 1.1198 but almost immediately reached the level of 1.1121, after...
The Impact of Gold Price Action We're in the process of evaluating the GOLD pair's present price performance analysis. The gold price exhibited a propensity to swing sideways near the 2653.00 mark. A very robust consolidation pattern with minor...