In the world of forex trading, economic indicators play a crucial role in influencing currency prices. One of the most important among these indicators is the Gross Domestic Product (GDP) report. GDP reflects the economic health of a country and...
The currency pair appears to be forming a bearish Broadening Formation pattern; however, recent technical developments suggest that bulls may still have the upper hand in the near term. The pair broke above the 20-day Simple Moving Average (SMA) and...
Inflation plays a critical role in determining the value of a currency in the forex market. It is one of the most closely watched economic indicators by traders, investors, and central banks alike. Simply put, inflation is the rate at which the...
Inflation means that prices are going up. When inflation rises, each unit of currency buys fewer goods and services than it did before. For example, if inflation in a country is 5%, something that cost $100 last year will now cost $105. While a...
**GBP/USD * Trend Structure Analysis (Daily Chart)** The daily chart of the GBP/USD currency pair is showing a structurally complex but technically significant pattern that reflects the clash between bullish and bearish forces. The most notable...
