What is a Homing Pigeon Candlestick Pattern? The Homing Pigeon candlestick pattern is a bullish reversal pattern observed in technical analysis, primarily used in trading to identify potential reversals from downtrends to uptrends. It consists of...
Forecast for GBP/USD 5 February 2025 On the hour graph, a few GBP/USD on Tuesday rose sharply towards the resistance zone 1.2488 - 1.2508. The jump from this zone would prefer the US dollar and launch a decline towards the support zone of 1.2363 -...
Technical Analysisound Sterling rises to near 50-day EMA The Pound Sterling declines against its major peers as traders price in a 25 bps interest rate cut by the BoE on Thursday. Investors should brace for high volatility amid uncertainty over...
Wednesday's European session saw the USD/CAD pair continue downward below the crucial barrier 1.4300. Since US President Donald Trump postponed his instructions to apply 25% tariffs on Canada for 30 days, the Loonie pair declined while the Canadian...
The USD/CHF H1 chart indicates a strong bearish trend, with the price currently at 0.9011, near recent lows. The downward movement has been consistent, showing signs of selling pressure. The pair is now testing a critical support level, and traders...
