Yesterday, GBP/USD bounced off the 1.2603 level, triggering a minor decline. Unlike the euro, the British pound may resume its downward trend if the market plans to engage in selling. At the very least, the price should drop to the 1.2633 level....
The British Pound is on a tear against the Japanese Yen, fueled by a broad decline in the Yen's value. This decline comes despite the Bank of Japan's (BoJ) staunch commitment to ultra-loose monetary policy. The BoJ's attempts to talk up the Yen and...
USD-CHF/H1 We're looking at the current price trends of the USD/CHF currency pair. Right now, the pair is stable within its trading range, but there's downward pressure. Even though it closed at local lows, there might be an upward movement. The...
NZD/USD/H1 Jump and Drop The NZD/USD exchange rate saw a rise on Wednesday, followed by a rapid decline. This kind of fluctuation indicates instability in the market. Today Stabilization On Thursday, the market calmed down due to the release of US...
The bullish and bearish breakaway candlestick patterns are key reversal indicators in technical analysis, suggesting potential trend changes in the market. Bullish Breakaway Pattern This five-candle formation indicates a possible reversal from a...