Analyzing the GBP/USD hourly chart reveals a clear downtrend, emphasizing bearish momentum dominating the pair's movement from late December to early January. The price action displays lower highs and lower lows, a classic hallmark of a downward...
The chart demonstrates notable price fluctuations, reflecting a market characterized by alternating bullish and bearish movements. In early December, the price exhibited a strong uptrend, reaching a peak near 108,000. This rally likely indicates...
The currency pair moved in a narrow range on Friday. However, buyers had an advantage in the market. The price has been under buyer dominance since the Asian trading session opened on Friday at 1.8382. The price rose, and the breakout of the nearby...
The Canadian dollar initially strengthened significantly following the release of strong December employment data, exceeding market expectations with a gain of 90,900 jobs. This robust employment growth, the highest in two years, initially boosted...
I analyzed the EUR/USD pair and noticed a strong downside trend. I observed the pair closing last Friday at 1.02387, and I expect further decline in the coming week. I noted on the daily chart that the price is testing the FE 161.8% level at 1.0215,...
