I've noticed that the instrument has begun to establish conditions for growth. I observed that the price has pierced through a local maximum, and although it has since retreated below that level, it hasn't updated its last minimum. I believe this...
Following a shaky beginning around 1.0280, the EUR/USD bounces back to roughly 1.0330 during Monday's European session. Due to increasing concerns about tariffs by US President Donald Trump, investors fled to the safe-haven fleet, causing the main...
Technical Analysisound Sterling rises above 1.2400 The Pound Sterling recovers above 1.2400 against the US Dollar even though investors are cautious about US President Trump’s threat to raise tariffs on metals. BoE’s Pill sees strong wage growth as...
As investors process the Bank of England's (BoE) dovish stance on interest rate outlook and downwardly reduced Gross Domestic Product (GDP) predictions for the year, the GBP outperforms its main rivals at the beginning of the week. Following the...
The GBP/USD H4 chart presented shows a strong downtrend over an extended period, with the price making lower highs and lower lows. The red moving average (likely a 50-period or 20-period MA) is acting as dynamic resistance, keeping the price below...
