Analysis of GBPUSD on D1 Chart Today, we will revisit the GBPUSD currency pair on the daily (D1) chart. The first trading day of March has seen a significant surge, rapidly reversing the losses from the previous week. This upward movement has broken...
GBPUSD continues its bullish rely on Tuesday's market movement. The weakening dollar made GBPUSD continue its bullish rely. The price managed to rise and break out the resistance line 1.2715. The next movement of GBPUSD, if seen from the price that...
Look for a series of higher highs and lower lows on the price chart.Connect the peaks and troughs with trendlines to form the megaphone pattern.Confirm the pattern by observing other technical indicators or chart patterns.Look for increasing volume...
The USD/JPY currency pair is currently trading below its opening level for the day at 149.30 and has also dipped below the daily pivot level of 149.95. This situation indicates a bearish sentiment in the market, supported by various technical...
NZD/USD I observed that the pair initially bounced off the 0.56321 level, where there was noticeable sell volume. At this point, I assumed that the pair would likely move lower, and this assumption was validated when it broke through the support...
