The GBP/USD currency pair, representing the exchange rate between the British Pound and the US Dollar, currently sits at 1.2735. The prevailing trend is bearish, indicating that the Pound is losing value against the Dollar. This trend has been...
What is Spinning Top candlestick pattern In the world of candlestick trading, there are numerous patterns that traders use to identify potential trading opportunities. One such pattern is the Spinning Top candlestick, which is a versatile and...
Recently, I’ve noticed that both the pound and the dollar can move in the same direction against the euro. This suggests that when the dollar starts to rise and the euro heads south, the pound might also continue to increase, albeit not as strongly...
Chart patterns in forex trading Chart patterns are essential tools in forex trading as they help traders to predict future price movements based on historical price behavior. These patterns can indicate potential trend continuations or reversals....
EUR/USD This week, the EUR/USD pair is trading within upward-trending price channels that reflect the price movement from the previous two weeks. Currently, the price is at the lower line of these channels, providing support for a potential rise....