Currency pair GBPUSD H-4 chart. The wave structure is currently built in an ascending order, the MACD indicator is in the upper purchase zone. The price is also at the horizontal support level of 1.2625. Last week, the price did not move much;...
The foreign exchange market is witnessing a dynamic interplay between safe-haven currencies and risk-on sentiments. With mounting speculation over the timing of the next rate hike by the Bank of Japan (BoJ), the traditionally secure Japanese Yen...
The EUR/GBP currency pair remains under selling pressure as price action continues to trade below the crucial resistance level of 0.8288, which acts as a barrier preventing any significant upward movement. As long as the price remains under this...
The NZD/USD currency pair continues to exhibit strong bearish momentum, as price action remains unable to break above the crucial pivot level of 0.5765, which serves as a key resistance zone preventing any sustainable upward movement. As long as the...
The US dollar is currently in no hurry to strengthen, and I believe this has allowed the Swiss franc, along with other currencies, to capitalize on the situation. I observe that the past trading week concluded near a significant support zone, from...
