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GBP/USD price climbs above 1.2747, it signals that buyers are aiming for a new uptrend toward the important 1.2753 resistance level. This level is crucial because it acts as a barrier to further price increases. If the price manages to surpass this...
The second chart you uploaded shows the EUR/GBP currency pair on a 1-hour timeframe. Here are the key observations and analysis points from this chart: 1. **Support and Resistance Zones**: - There is a clear support zone highlighted in blue around...
Gold prices fell slightly in early Asian trading on Monday, with the precious metal trading around $2,325 per ounce. This decline is due to a mix of economic data and geopolitical events. The recent US Personal Consumption Expenditures (PCE) price...
Trading Strategy with USD/CAD Our focus is on analyzing the price movements of the USD/CAD currency pair. When the instrument approaches the resistance zone at 1.3783, it frequently rebounds, forming an inverted hammer or pin bar pattern based on...