Today's analysis is centered on the GBP/USD currency pair. Currently trading at 1.2682, the technical indicators signal a bearish trend. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are...
Forex Trading: EUR/ USD Prices Our topic of discussion is the analysis of the EUR/ USD Currency pair's price movements. The EUR/USD currency pair closed above 1.0709 on Friday. Observing the M30 chart, the price is moving within a channel between...
Fundamental Analysis During Tuesday's early European trading hours, the EUR/USD pair traded on a weaker note, at 1.0730. The Greenback's weak comeback drags down the leading pair. Ahead of US retail sales data and the inflation statistics from the...
This factor played a key role last week, but after the release of U.S. data indicating a decrease in producer prices, the market is now anticipating two Fed rate cuts this year, the first of which is expected in September. Therefore, the factor of...
Last Friday, the GBP/USD currency pair reached a critical juncture as it touched both the trend line and the 50-day Exponential Moving Average (EMA). This confluence of technical indicators often serves as a significant point of interest for...