The British Pound (GBP) weakened against the US Dollar (USD) last Friday, with the GBP/USD pair dropping to around 1.2660. This decline coincided with a rise in the US Dollar Index (DXY), which measures the strength of the USD against a basket of...
Introduction Harmonic patterns are a form of technical analysis used in forex trading to identify potential reversals in the market by recognizing specific price patterns. These patterns are based on the principles of Fibonacci ratios, which are...
GBP-USD PAIR REVIEW There was no GAP at the opening of GBP-USD this morning, but buyers dominated price movements at the start of this week. It can be seen that the price is rising again and this afternoon the price is back above the support line...
Navigating AUD/USD Through Technical Indicators The Australian dollar (AUD) is currently hovering around $0.6655, reflecting a neutral trend in the foreign exchange market. This is evident on daily charts, where the AUD/USD pair is stuck within a...
USD/CHF/H1 The downward slope of the linear regression channel indicates the strength of the seller, who is trying to go down to the level of 0.89218. At the target level, movement inhibition will occur. Due to the weakening, due to the chosen...