As traders await the publication of United Kingdom (UK) Retail Sales data, the GBP rises against the USD and breaks over the 1.2600 mark on Thursday. In the meantime, the US dollar declined due to a dismal US jobs report. The GBP/USD exchange rate...
GBP/USD Technical Analysis H-4 Chart The relative strength index (RSI) indicator on the 4-hour chart rose towards 60 after falling to the 50 area on Wednesday, suggesting that technical buyers remain interested. On the upside, 1.2650 (78.6%...
XAUUSD Technical Analysis Gold (XAUUSD) is currently trading near $2937, showing consolidation after a recent bullish move. The 150-period moving average (MA) on the H1 timeframe is positioned below the price, indicating short-term bullish control....
The USD/JPY H4 chart shows significant price action, with a clear downward trend forming after an extended bullish rally. The price has recently tested the 149.28 level, which acts as a key support zone. Looking at the historical price movement, the...
Piercing line Candlestick Chart Pattern The Piercing Line is a bullish candlestick reversal pattern that appears after a downtrend and signals a potential shift in momentum from bearish to bullish. It consists of two candles: Characteristics of the...
