The British Pound (GBP) fell on Friday after three days of gains, as the US Dollar (USD) got stronger. The GBP/USD rate dropped to around 1.2760 when the US Dollar Index (DXY) went above 105.00. This happened even though US economic data on Thursday...
USD/CAD: The Canadian dollar exhibited a mixed performance by the end of the week, clawing back some ground against most major currencies but showing only minimal gains against the US dollar. This behavior reflected the overall cautious sentiment in...
What Is the Envelopes Indicator? The envelopes indicator is a technical analysis tool used in financial markets. It analyses price movements to identify potential trading opportunities. It consists of two main lines plotted above and below a...
EUR/JPY/D1 I anticipate that the EURJPY currency pair will exhibit growth today. Previously, the price rebounded from the support level at 167.39 and ascended. During the ascent, the price successfully surpassed a notably strong level featuring two...
The chart you provided shows the price action of the British Pound to Japanese Yen (GBP/JPY) on a lower timeframe. It features a variety of technical analysis concepts including Break of Structure (BOS), Change of Character (CH), and supply and...