Before embarking on a trading journey in the forex market, it is crucial for traders to thoroughly understand the various tools and techniques available to them. Gaining knowledge from diverse sources is essential, but it is equally important to...
Last week, the GBP/USD pair reached a fresh 30-month high, nearing the 1.3430 level, following a significant interest rate cut by the US Federal Reserve (Fed). The Fed’s decision to reduce rates by 50 basis points (bps) marked its first rate cut in...
Date: 03rd October 2024. Dovish ECB Comments Send Euro Downward as Investors Eye US Jobs Data However, as the price is now extremely close to the previous support levels from September 3rd and 11th, Investors should be cautious of buyers...
The technical picture you're describing is focused on the behavior of a currency pair or asset, with a particular emphasis on how the price is performing around key levels like 1.3300 and 1.3410. When looking at a 4-hour chart, one of the main...
Technical Analysis of GBP/USD The sterling continued to grow last trading week and reached new local highs but faced stiff resistance, which forced it to continue moving higher. Having consolidated above the 1.3292 level, the pair was able to...