The currency pair has experienced significant bullish momentum recently, sparked by a Double Bottom formation near the 1.4080 level on the daily chart. This reversal pattern signaled a potential shift in market sentiment, which was confirmed by a...
USD/CHF Technical Analysis The bears were unable to maintain price well below the moving average trend line at the start of the week in the 4H chart and now price is well above the 14-period simple moving average trend line. The current candle is...
GBP/USD Technical Analysis H4 Chart On the hourly chart, GBP/USD is currently in a downtrend, indicating bearish momentum in the market. A lower high on the H4 chart confirms the downtrend. A break below 1.2640 could increase selling pressure and...
The outlook for both the Cable and the US Dollar (USD) is shaped by shifting expectations around inflation and interest rates, with each currency facing its own set of challenges. For the UK, recent data showing a drop in inflation has sparked...
Buyers failed to develop their advantage on the Pound at the beginning of the new trading week, although the position was good for growth. Sellers actively pushed the price down, managing to recoup almost all of Friday's growth, no matter how they...
