The GBP/USD H1 chart presents a dynamic market structure, with notable price action movements around key levels. The price is currently trading around 1.2431, which serves as an important pivot zone. The red moving average, likely a 50-period simple...
Market Fundamentals: Analysts at the Bank of Montreal (BMO) anticipate that the Bank of England (BoE) will maintain its interest rate at 5% in the upcoming meeting, citing multiple influencing factors. Given the current composition of the Monetary...
The AUD/USD pair is currently trading around 0.6200 during the European session on Tuesday, pausing its recent recovery. The pair faces a complex mix of fundamental and technical factors that are influencing its direction. On the fundamental side,...
Have a nice day everyone! Let's look at the M15 chart. It shows a linear regression channel, which indicates the strength of buyers and the upward trend. The market is moving towards the upper boundary of the channel at 1.25037. To open a position,...
The technical outlook for GBP/JPY is decidedly positive at present, with a clear bullish bias that is anchored by the pivotal support at 191.82. This key level not only serves as an essential barrier against any downward movement but also reinforces...
