The key immediate resistance to watch remains at 1.2800, while bears could look towards the key 200-day MA support at 1.2580. On frame D1, GBP/USD buyers are testing the 1.2700 area, but mixed market sentiment weakens the upward momentum, causing the pair to not be able to exit the accumulation state. The pair has broken through important resistance zones, so even...
Upward wedge formed on the 4hr and 1hr timeframe. Price tested the wedge for the third time....which can result in two things. 1- Price will go all the way up with bull continuation and form double top indicating end of trend @ 1.72800 2- Price will break the trendline and short all the way down to 1.71000 then retest the trendline for a possible bearish...
Hello traders, we want to check the GBPCHF chart. The price is moving in an ascending channel and has reached the specified resistance level. We expect this level to stop the upward trend of the price and the price will have a correction to around 1.11500. Good luck.
Hello traders, we want to check the GBPUSD chart. The price is moving in an ascending channel and has reached the specified resistance level. We expect this level to maintain the upward trend of the price and the price will fall to around 1.26900. Good luck.
USDOLLAR, 4H analysis. I believe we will see a deep pullback before going higher. There might be short term uptrend, but I think we will see deep downtrend.
Gold persevered to boom in today`s buying and selling consultation primarily based totally on expectancies of US financial easing. Gold has room to boom strongly withinside the quick time period due to the fact the Fed will now no longer allow the United States economic system weaken. The Fed will quickly reduce hobby rates. Interest charge cuts ought to take...
Gold continued to increase in today's trading session based on expectations of US monetary easing. Gold has room to increase strongly in the short term because the Fed will not let the US economy weaken. The Fed will soon cut interest rates. Interest rate cuts could take place this year. Reiterating the need for more evidence to show that the fight against...
USDX price is near an important support zone. 103.16-102.92 If the price cannot break through the 102.92 level, it is expected that in the short term there is a chance that the price will increase. Consider buying a red zone.
The GBP/USD climbed 0.31% during the North American session and traded at 1.2746 after bouncing off daily lows of 1.2690. UK’s spring budget announcement and US Federal Reserve’s Chair Jerome Powell's testimony sponsored a leg-up in the pair, which is set to test the 1.2800 mark. GBP Update: Hunt Decides on National Insurance Reduction Over Tax Cuts confirm Chart
Expecting a strong buy to the 0.68000 zone, after creating an inverse head and shoulder, breaking the trendline, coming back for a retest before the buy continuation
Expecting a strong buy to the 0.68000 zone, after creating an inverse head and shoulder, breaking the trendline, coming back for a retest before the buy continuation
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
WTI extends its losses to near $77.70 as demand concerns rise after US factory dataWest Texas Intermediate oil price extends its losses for the third successive session, trading lower near $77.70 per barrel on Wednesday. Concerns about demand weigh on Crude oil prices following recent data indicating slowing economic activity in the United States, the world's...
EUR/USD climbs to multi-week highs above 1.0900EUR/USD extended its daily rally and touched its highest level since late January above 1.0900 on Wednesday. The broad-based selling pressure surrounding the US Dollar during Fed Chairman Powell's testimony fuels the pair's upside.EUR/USD may now see successive weekly peaks of 1.0932 (January 24) and 1.0998 (January...
Last week was relatively quiet for TVC:DXY , with the price fluctuating within the support and resistance range. However, as detailed in a previous analysis, the odds favor a downward break. The index began the week poorly and is currently trading near confluence support once again. A break at this level, given the prolonged consolidation, is likely to...
The EUR/USD, like the entire forex market, has been notably quiet in recent days, with prices fluctuating within a very narrow range. However, it seems that bullish momentum is building among EUR traders in preparation for a breakthrough. As outlined in a previous analysis, the drop to 1.07 back in mid-February resembles the bottom at 1.0450 and potentially...
As you can see, the price was in the range for a while and there is a liquidity pool on both sides of this range. A sell-side liquidity in daily FVG makes this FVG a high probability support and we can also define the bullish 4-hour breaker block inside the FVG. Now, we can expect price support from the FVG and move higher to collect the liquidity above the...
Hi Traders ! After a Huge Bullish Move, The AUDCAD Reached The Resistance Level. Currently, The Price Formed a Descending Triangle. The Resistance Line is Broken. So, I Expect Another Bullish Move📈 ------------ TARGET: 0.88880🎯