EURGBP Daily Forecast EUR/GBP saw a major decline today after seven days of continuous strength. This recent uptrend is significant as it broke a downward trend line that has been in place since August 2024. The pair’s movement has been particularly...
AUD/USD Technical Analysis: Right now, AUD/USD is stuck in a bit of a range, with resistance around 0.6600 and solid support near 0.6520. The 50-day SMA is acting as a ceiling, while the 200-day SMA still leans bearish unless we get a convincing...
Traders often use engulfing patterns in combination with other technical indicators to confirm potential trend reversals. It's important to note that while engulfing patterns can be powerful signals, they are not infallible, and other factors should...
USD/CAD Technical Analysis and Forecast Market Overview The USD/CAD market has seen significant price movements today. The market hit a daily low of 1.43644 before recovering. After the reversal, USD/CAD rose to 1.44833, indicating the strength of...
GBP/USD Technical Analysis: GBP/USD is hovering around 1.2780, struggling to hold above the key 1.2800 resistance level. If it manages to break through, we could see a push toward 1.2850, but a failure might send it back down to 1.2750 or even...
