Gold Price Analysisrice Swings and Technical Perspective: I will now shift my attention to the precious metals market. This asset remains highly volatile during the New York session, oscillating within a clearly established range between 2633.32 and...
GBP/USD Price Forecast: Technical outlook GBP/USD declines 0.26% to 1.3076, after peaking at 1.3134, influenced by dovish BoE remarks and rising US Treasury yields. Bearish RSI indicates seller dominance; key supports are at the 50-DMA of 1.3077,...
Trade Analysis and Tips for Trading the British Pound The price test at 1.3158 occurred when the MACD indicator started moving downward from the zero mark, confirming the correct entry point for selling the pound. Consequently, the pair fell by more...
The spot price has halted its five-day decline, trading around 0.6750 during US hours on Monday. According to the latest chart analysis, the pair is showing signs of recovery as it moves upward within an ascending channel pattern, indicating a...
Evening Star Candlestick Pattern The Evening Star is a bearish candlestick pattern that signals a potential reversal from an uptrend to a downtrend. It consists of three candlesticks: Bullish Candle: A long, green (or white) candlestick that...