The British Pound is currently licking its wounds after the Bank of England's (BoE) decision to hold rates sent it tumbling to a one-month low. GBP/USD is hovering around 1.2600, potentially setting the stage for a further decline. The BoE's dovish...
The EUR/GBP currency pair has been in a steep decline recently, after being stuck in a narrow trading range for most of the year. This lack of movement suggests indecision among market participants, but the recent breakout to the downside indicates...
The AUD/CAD currency pair, currently trading around 0.9097, is exhibiting a bearish trend. Despite the slow market movement, several factors suggest the potential for significant shifts in the near future. Understanding the underlying economic,...
EUR/JPY/H1 The recent price action on the EUR/JPY pair indicates a strong bearish trend. It is likely that the price will decline by another 140 points, reaching the support level on the daily H1 timeframe chart at 168.720. Once this level is hit,...
I fully admit that yesterday’s accumulation will result in a sharp northern exit. As I have said many times, I plan to monitor the resistance level at 79.96 or the resistance level at 80.62. Near these resistance levels, two scenarios can unfold....