The GBP/USD price structure on the daily chart shows the formation of a clearly defined uptrend after the previous significant decline. The initial decline led to a significant lower level near the 1.0350 mark, which served as a turning point. From...
Candlestick patterns are one of the most powerful tools in technical analysis, and among them, the Bullish Engulfing pattern holds a special place for traders looking to spot trend reversals. It is widely used by both beginners and experienced...
Daily Time frame Analysis: The USD/CHF market is experiencing a sharp rise, breaking the resistance at 0.8210, suggesting sustained buyer pressure for the current week. The 100-day SMA is at a 50.00% retracement level, and if the USDX strengthens...
GBP / JPY: An Hourly Time Frame Suggestions The price of GBPJPY dropped yesterday and hit the 187.96 level, causing concern among bullish participants who had expected stronger market performance. That sudden move downward caught some off guard,...
EUR/USD During the North American trading session on Tuesday, the EUR/USD currency pair saw a significant drop to approximately 1. 1470 after reaching a high of 1. 1575, which is the highest level observed in more than three years. This decrease...
