GBP/USD Today, GBP/USD is trading around 1.2725, slightly recovering after recent declines. Here’s my take on its current technical and fundamental outlook: Technical Analysis On the 4-hour chart, the pair is struggling below the 50-day EMA, which...
Retracement Patterns and Reversal Pattern Retracement patterns and Reversal patterns are essential concepts in technical analysis, particularly in financial markets like Forex, stocks, and commodities. Here's an overview: Retracement Patterns A...
Crude oil prices are poised to reclaim the $70 per barrel mark on Friday, reflecting a cautious optimism in the market. While the recent OPEC+ report, signaling potential production cuts, has provided a bullish impetus, traders remain wary of the...
The GBP/USD chart on the H1 timeframe displays price action alongside technical indicators, suggesting a short-term The chart shows a clear price movement with peaks and troughs. The red moving average line (likely a simple or exponential moving...
AUD/USD Technical Analysis Right now, AUD/USD is hovering around 0.6530, with a slight bearish tone. I’m keeping an eye on 0.6500 as key support—it’s a psychological level that could trigger more selling pressure if broken. On the upside,...