The prevailing sentiment in the GBPAUD market currently favors sellers or bears. Recently, the bulls for GBPAUD have seen a decline in their value, primarily due to unfavorable data released by the UK’s Financial Department. The revelation of...
The currency pair was initially trading within a descending trend channel, which is a typical market structure characterized by a series of lower highs and lower lows. In this scenario, traders often look for selling opportunities as the price...
The recent price action of the AUD/JPY currency pair has captured the attention of traders and market analysts alike. After concluding a downward cycle at the support level of 86, which corresponds to the -1.8 mark on the Murray Math levels, the...
General Points about GBPUSD: The market is currently following a bearish trend, so it’s possible that it could move further downward and even break the 1.2872 level. The overall sentiment has leaned in favor of sellers, especially as price action...
Technical analysis of EURGBP Today I chose EUR/GBP for technical analysis. The EUR/GBP market price fluctuates violently between the 0.8571 resistance level and the 0.8522 support level. If there is a large deficit in the market price, the current...
