TRADING CHART ON GBP/USD H1. The chart provided is an hourly chart for the GBP/USD currency pair, showcasing price movements from early November to mid-December. Key components include the price action itself, a moving average (likely a 50-period...
GBP/USD Today, GBP/USD is trading around 1.2725, slightly recovering after recent declines. Here’s my take on its current technical and fundamental outlook: Technical Analysis On the 4-hour chart, the pair is struggling below the 50-day EMA, which...
The US Dollar Index (DXY) chewed a circle into the chart paper on Tuesday with bids hanging out near the 107.00 handle. US Retail Sales figures lurched higher to 0.7% MoM, stoking some mild concern among investors that maybe the Fed doesn’t need to...
The EUR/USD currency pair exhibited a lack of directional clarity on Tuesday, experiencing a slight decline to 1.0505. Despite recent attempts to establish itself above the crucial 1.0500 level, the pair has been consistently hindered by the 20-day...
Technical Indicators Technical indicators are tools used by traders to analyze price data and predict potential market movements in forex trading. They are based on mathematical calculations applied to price, volume, or open interest data. These...
