### Analysis of the GBP/USD Exchange Rate and Upcoming Market Movements #### Current Market Situation As of the latest data, the GBP/USD exchange rate is sitting at 1.2691. The market sentiment currently appears bearish, indicating that the British...
What is Pivot point in Forex Trading? Detailed Calculation of Pivot Points Pivot points are derived from the previous day's high, low, and closing prices. Here's a step-by-step breakdown of their calculationivot Point (P)=High+Low+Close3P =...
The Spinning Top candlestick pattern is a type of candlestick that signifies indecision in the market. It is characterized by a small real body (the difference between the opening and closing prices) and long upper and lower shadows (wicks). This...
AUD/USD daily H1 timeframe chart I need your help me with my bonus $100 I I need your Monday my bonus ok thanks you so much sir Greetings. A strong bearish candle pushed the price downward, closing below the previous day's low range. For next week,...
The Australian dollar faces potential downside pressure despite a positive labor market report. The RBA's hawkish stance and rising US interest rates are fueling demand for the US dollar. Although weak US data emerged, the US dollar remains strong....