I am currently analyzing the AUDUSD pair on the M5 timeframe using the Relative Strength Index (RSI) trading strategy with a period of fourteen. I observe that the price has entered the oversold zone, indicating that sellers may be losing momentum...
The British pound experienced a significant downturn against the US dollar on Friday, registering a loss exceeding 1% as a wave of risk aversion swept through the financial markets. This sharp depreciation was primarily triggered by China's...
GBP/USD GBP/USD Falls to Four-Week Lows Around 1.2850 The US dollar's resurgence continues, sending GBP/USD to multi-week lows around the 1.2850 zone amidst a broad-based decline in the risk-associated sector. GBP/USD Technical Analysis: The...
The memo called for federal agencies to assess U.S. trade policies and evaluate trade relations with China and America’s continental neighbors, according to the Wall Street Journal (WSJ). Trump also hinted at solutions to the trade imbalance,...
Analysis of GBP/USD: The GBP/USD pair has already formed a Head and Shoulders pattern on the timeframe we're looking at, which is considered one of the most well-known reversal patterns in technical analysis. This pattern suggests a potential shift...
