The NZD/USD daily chart exhibits a pronounced downtrend, with the price consistently forming lower highs and lower lows. The red moving average (likely a 50-period SMA) follows the price action closely, acting as dynamic resistance. The price is...
The GBP/CAD hourly chart displays a recent bearish movement following a prolonged uptrend. The price has experienced a decline from recent highs of around 1.79 to the current level of 1.7711. Bollinger Bands indicate a contraction phase after a...
Today's Analysis: EUR/GBP Bearish Sentiment Within a Falling Wedge Current Market Overview The EUR/GBP currency pair has been exhibiting a bearish trend, which is currently encapsulated within a falling wedge pattern, illustrated in blue. This...
Technical analysis of GBPAUD Today I will show you GBP/AUD technical analysis. The market is currently in a downtrend. The market between our resistance at 1.9920 and support at 1.9757. If the market breaks our support, it goes down, and if the...
The USDJPY currency pair is currently experiencing significant bearish pressure, indicating a potential decline towards the support level of 150.00. This movement follows a critical breakout from a support zone that previously held strong between...
