GBP/CHF Market Analysis Wednesday, August 07, 2024 Overview The recent interest rate cut of 25 basis points by the Bank of England (BoE) has negatively impacted the outlook for the British Pound (GBP), leading to a decline in its value. In analyzing...
### USD/JPY Pair Analysis The USD/JPY currency pair exhibited a downward trend during the European trading session, with sellers managing to bring the pair down to a new support area at 146.40, compared to the previous support at 147.50. Following...
Bitcoin Trading Outlook: Navigating Market Volatility Bitcoin has shown instability in recent sessions, with a sharp jump towards 62,500 before retreating to test the 61,650 level. This movement has created bearish momentum, but there is still room...
The USD/JPY currency pair has been navigating a complex landscape, characterized by key technical levels that traders are closely monitoring. As of now, the pair faces immediate resistance at the 50-day Exponential Moving Average (EMA), which is...
GBP/CAD Pair Forecast As of today, the GBP/CAD market opened at 1.7782. The 12-period and 36-period Exponential Moving Averages (EMA) on the Hourly chart have become increasingly flat and are intersecting, reflecting the recent unsteady price...