The GBP/USD currency pair experienced a decline, reaching approximately 1.2580 during Wednesday's North American trading session. This downward movement coincided with a strengthening US dollar, as reflected in the US Dollar Index (DXY), which...
As of February 20, 2025, the British Pound (GBP) is trading at approximately 1.2580 US Dollars (USD). This exchange rate reflects a slight decrease from the recent peak of 1.2625 USD observed on February 18, 2025. The recent appreciation of the...
The AUD/USD currency pair is experiencing a bearish outlook, with price action currently positioned below key technical levels. The pivot point at 0.6369 acts as a major resistance level, preventing further upward movement. As long as the price...
Currency Correlations and How to Use Them in Forex Trading Currency correlations are a powerful tool in forex trading that can help traders understand the relationship between different currency pairs and improve their trading strategies. By...
The reaction I was anticipating began to unfold as I closely monitored the market. I had been waiting for the test of the average moving line on the hourly chart, which was positioned at 1.0437 at that time. However, the price action surprised me as...
