Analysis of GBPUSD (15-Minute Chart) The provided screenshot shows the GBPUSD pair on a 15-minute (M15) timeframe, with key technical indicators and price action as of May 30, 20:30. Here’s a detailed analysis: 1. Price Action and Key Levels -...
Wa Alaikum Assalam, friends! Currently, the USD/CAD currency pair is experiencing a phase of consolidation, characterized by range-bound movement. On the 45-minute timeframe, the price is oscillating between a support level at 1.37132 and a...
AUDCAD Daily Forecast The daily chart of the Australian Dollar/Canadian Dollar (AUD/CAD) pair shows recent market movement in a complex and clear manner. This movement is characterized by sharp movements, significant structural changes, and key...
Rising expectations that the Bank of Japan (BoJ) will continue raising interest rates are adding upward momentum to the Japanese yen (JPY), creating headwinds for the EUR/JPY currency pair. Last week, BoJ Governor Kazuo Ueda highlighted that Japan’s...
Flag and pole patterns, also known as flag formations, are powerful technical analysis patterns that signal a strong continuation of the prevailing trend. This pattern consists of two main parts: the “pole,” which is a sharp price movement in the...
