Last week, the Bank of England (BoE) cut interest rates by 25 basis points, causing the GBP/USD to initially drop to around 1.27. However, following unexpectedly weak US non-farm payroll data, the pair rebounded, closing at 1.2801...
The EUR/USD pair has shown strong bullish momentum, bouncing from 1.0777 to 1.0926. This move has broken above the falling price channel on the 4-hour chart and surpassed the key resistance at 1.0870. This suggests that the...
The EURUSD pair continues to face downward pressure as it fails to break above the falling price channel on the 4-hour chart. This suggests that the downtrend from the 1.0948 level remains intact. Let’s break down the key...
The British Pound/US Dollar (GBP/USD) pair has recently broken above the top of its falling price channel on the 4-hour chart, signaling a potential shift in momentum. Let’s break down the key levels and scenarios to watch:...
On Tuesday, the EUR/USD pair experienced some price movements. Let’s break down the key levels and potential scenarios for traders to watch. Recent Price Action This suggests that after a short-term rise, the EUR/USD could continue its...
The USD/CHF pair has recently shown some price action, suggesting that the overall downtrend remains intact. Let’s break down the key levels and potential scenarios for traders to watch. Recent Developments Key Levels to Watch Potential Scenarios...
The USD/JPY pair has recently shown significant price action, indicating that the downtrend remains intact. After breaking above the top of the falling price channel on the 4-hour chart, the pair found resistance at 155.21 and subsequently...
On Monday, July 29th, the Australian dollar (AUD) edged up by 0.02% against the US dollar (USD), closing at 0.6548. This slight rise comes as the AUD attempts to recover from last Friday’s low of 0.6510. The...
The EUR/USD pair has recently shown some price action, suggesting a continuation of its downward trend but with potential for a short-term rebound. Let’s break down the key levels and scenarios traders should watch. Recent Developments Short-Term...
The GBP/USD pair has been showing a consistent downward trend, with recent price action providing valuable insights for traders. Let’s break down the key levels and potential scenarios to watch. Recent Developments Bearish Scenario As long as...
