The British pound (GBP) took a tumble against the US dollar (USD) early on Thursday, after flirting with a three-month high. This decline comes despite ongoing weakness in the dollar. The dollar's woes stem from disappointing US inflation data. The...
USD/JPY H-1 USD/JPY. Hello! Stochastic doesn't mean much on its own, but even more so with the bearish daily candle and bearish volume diversion on the 4-hour chart, it's something. But this is not a bearish and sell signal. My guideline is the...
EUR/USD/D1 The euro extended its decline against the dollar for a third consecutive day, reflecting anxieties in the market following the volatile European Union parliamentary elections. Voters across the bloc displayed a strong preference for...
We are currently engaged in an ongoing analysis of the GBP/USD currency pair price movements. The trading day concluded with attempts to push the price upward, but now, I am observing a reversal pattern that suggests a potential move to the short...
What Is the Envelopes Indicator? The envelopes indicator is a technical analysis tool used in financial markets. It analyses price movements to identify potential trading opportunities. It consists of two main lines plotted above and below a...