The Pound Sterling showed resilience against the US Dollar in early Wednesday trading. This followed a report from the US Department of Labor indicating a slowdown in inflation rates across the United States. As investors awaited the Federal...
GBPUSD Good morning. It looks like buyers started to push the price higher but yesterday they were unable to increase their positions any further. They now need to break and consolidate above the 1.27018 level and if they can achieve this, the...
Bear flag patterns are technical chart formations that signal the continuation of a downtrend in the forex market. These patterns are commonly used by traders to identify potential entry points for short positions, allowing them to capitalize on the...
The pair is experiencing mild losses, trading around 1.2636 during the early Asian session on Wednesday. The extended gains in the US Dollar (USD), driven by a cautious market mood, are weighing on this major currency pair. Investors are eagerly...
What are Harmonic Patterns? Harmonic patterns are specific price formations that adhere to Fibonacci ratios, which are widely used in technical analysis. They are named after geometric structures like butterflies, crabs, bats, and more, each with...