On Friday, GBP/USD closed at 1.2162 during the US session, confirming that the pair remains within a descending channel. I noticed on the H1 chart that there have been multiple attempts to shift the trend to bullish, but each time, the price was...
The Average True Range (ATR) is a technical analysis indicator used in forex trading (and other markets) to measure market volatility. Introduced by J. Welles Wilder Jr. in his book "New Concepts in Technical Trading Systems," ATR helps traders...
EUR/USD My analysis also suggests that EUR/USD will fall deeper. So far only by a few dozen points, but in case of a certain action the distance will increase. The price entered a downward correction this week, found itself at the support level of...
The GBP/USD market analysis highlights a bearish inclination, primarily dictated by the pivot point at 1.2205. This level represents a critical threshold, with downside momentum prevailing as long as the price remains below it. The RSI indicator’s...
The GBP/USD currency pair shows a notable potential for a bearish movement, as highlighted by the technical indicators and pivot point at 1.2205. Currently, the price stands below the pivot point, which serves as a significant resistance level. The...
