The British Pound (GBP) has shown strength against the US Dollar (USD) as it formed a base above the 1.2600 zone. The pair, GBP/USD, has climbed higher and is now eyeing more gains above the 1.2750 level. To understand the potential upside, let’s analyze the technical indicators. On the 4-hour chart, GBP/USD has settled above
Technical Analysis
EUR/USD has displayed resilience as it maintains its gains above the 1.0980 level. The pair has formed a key bullish trend line with support near 1.0980 on the 4-hour chart. This indicates the potential for further upside momentum in the near future. Similarly, GBP/USD has been consolidating gains near the 1.2700 level. The pair has
The USDCHF currency pair has recently tested an eight-year low, signaling a significant decline in value. However, while sellers may currently hold power, this dominance may not last long. Additionally, market participants eagerly anticipate the release of the Core PCE inflation figures, set to be announced at 13:30 GMT. In recent times, the USDCHF pair
The USDCAD currency pair has experienced a sharp downturn recently, as the 20-day and 200-day Simple Moving Averages (SMA) have formed a dreaded Death Cross. This technical indicator is a bearish signal that indicates further selling pressure in the short-term. The Death Cross is a widely-followed technical pattern that occurs when the short-term moving average
The currency pair GBPJPY has been displaying a perplexing lack of direction in the past two weeks. Traders and analysts have been scratching their heads as the GBPJPY chart fails to provide any clear trend or indication of future movement. This period of ambiguity has left investors on edge, uncertain about when and how to
The USD/JPY pair made an attempt to break above the 145.00 resistance level, but failed to gain momentum, resulting in a fresh decline. Looking at the 4-hour chart, it is evident that the pair has settled below the 144.00 level, as well as the 100 and 200 simple moving averages. The bears have pushed the
The Bank of England (BoE) is currently facing scrutiny and criticism for its slow response to the significant decline in UK price growth. The latest official data has shown a substantial drop in consumer price growth, with figures plummeting to 3.9% in November from 6.7% in September. This unexpected decrease in price growth has triggered
As we evaluate the price action of ETHUSD, a clear pattern emerges – a structure of lower highs and lower lows. This pattern indicates a downtrend in the market, reflecting the sellers dominating the buyers. This consistent series of lower highs and lower lows suggests a bearish sentiment in the market, where traders are taking
The UK 100 Index has recently showcased a significant uptrend, as it reaches and breaks through the upper Bollinger Band. This development points to a potential continuation of the bullish momentum in the market. The Bollinger Bands, a technical analysis tool, help traders identify levels of potential support and resistance. The breakthrough of the upper
The NZDUSD pair has been on an impressive winning streak, heading for its eighth straight day of gains. The bullish momentum is gaining strength, pushing the currency pair higher. However, there are concerns that this upward trend may be at risk of a negative correction. In this article, we will analyze the factors contributing to
The CHFJPY pair has experienced a slight decline in the past month, leading many traders to question the overall sentiment surrounding this currency pair. While there may have been some losses, it is crucial to examine the bigger picture and evaluate the long-term performance before jumping to conclusions. In this article, we will delve into
The AUD/USD pair has shown significant upward movement, surpassing the 0.6700 resistance zone. This surge in price can be attributed to the bullish trend line that is forming with support near 0.6745 on the 4-hour chart. The presence of this trend line indicates a positive trend in the market, providing investors with a sense of