H-1 Chart Technical Outlook GBP/USD GBPUSD H1 British Pound/US Dollar. After nailing the device's behavior on the way to the day, it seems so logical to enter the market for purchase. Why did I conclude that the extensive trade is the most liked for...
In the hourly timeframe, GBP/USD broke below the 1.2505 pivot point last Friday. The price is hovering around the 1.2658 level, showing signs of a bullish correction. The stochastic indicator, trading below the 30 level, has crossed upward,...
A trend reversal in financial markets refers to a change in the direction of the price movement of an asset. This concept is crucial for traders and investors who seek to profit from market trends or avoid potential losses. Understanding trend...
On Tuesday, the pair saw a modest drop during the Asian trading session, moving away from the two-week peak of around 1.3140 hit the day before. Despite this retreat, the decline seems to be contained as market participants remain keenly focused on...
When trading in the foreign exchange (forex) market, one of the most important terms you’ll encounter is “pip.” Short for "percentage in point" or "price interest point," a pip is the smallest price move that a currency exchange rate can make. For...