Technical Analysis Resistance and Support Levels Resistance Level: Currently, there is strong resistance at 1.2650, which is hindering upward movement of the GBP/USD pair. If this level is breached, we could see the price move towards the 1.2700...
General Points about USDJPY This week’s calendar includes the Tokyo Core CPI rate, which could impact the USDJPY market and potentially push it downward. Inflation data from Japan plays a crucial role in shaping market sentiment, as investors...
Technical analysis of GBPNZD Today I choose GBP/NZD for technical analysis. The market price is currently rising and buying momentum is helping it rise. The market price broke through the resistance level, and the market price is currently forming a...
Understanding Market Conditions for Trading: A Technical Analysis Overview In the world of trading, understanding the interplay between different indicators and price movements is essential for making informed decisions. In this discussion, we will...
Today's technical analysis focuses on the EUR/USD currency pair. The market has been in a bearish trend, which has contributed to a decline in price. Recently, the market price broke through the weekly support level at 1.0438, subsequently reaching...
