The Pound Sterling (GBP) is at a pivotal moment, nearing the lower boundary of a Rising Channel chart formation on the daily timeframe. This technical pattern signals a critical point for GBP/USD traders, as the currency pair could face sharp...
Gold Technical Analysis In the 30-minute timeframe, gold prices are showing a strong bullish trend. The market structure is clearly bullish as the price is trading above the 200-day simple moving average (SMA), a key indicator of bullish momentum....
Crude Oil Technical Analysis Crude oil prices are currently trading at a major resistance level of $78.40. This is a level at which prices have previously been rejected, making it a critical area for potential selling opportunities. If the market...
Forecast of EURUSD As I indicated in the accompanying diagram, I have noticed that the price of the EURUSD has been moving in a downward channel over the past few trading days on its daily time frame chart. Since Tuesday of this week, the price has...
Monetary policy divergence and evolving economic conditions are shaping a complex outlook for the price against the Dollar. Optimism surrounding China’s stimulus measures and the Reserve Bank's hawkish tone lend support to the Aussie. However, the...
