GBP/USD Analysis: Currently, the market shows strong bullish sentiment for the GBP/USD pair. The level of 1.2647 is crucial as it represents the highest point reached in the past year, indicating significant resistance. If we manage to break this...
In recent market movements, the EUR/USD currency pair has been under close scrutiny, particularly due to its notable fluctuations and the breach of significant support levels. Last week, traders and analysts observed a consistent downward trend in...
What is the Commodity Channel Index (CCI)? The Commodity Channel Index (CCI) is a momentum-based oscillator developed by Donald Lambert in 1980. It is primarily used in technical analysis to identify cyclical trends in the prices of a wide range of...
The AUD/USD currency pair, currently trading at around 0.6685, has been experiencing a bearish trend. This decline suggests a period of weakness for the Australian dollar (AUD) against the US dollar (USD). Several factors could be contributing to...
The USD/CHF currency pair has recently exhibited compelling trends on its daily (D1) timeframe chart, notably highlighting a noteworthy selling area forming around the 0.8923 level. This critical zone has become a focal point for traders, signaling...