GBPUSD Analysis – February 27 Sellers have gotten a hold on the GBPUSD market after the price was unable to breach the 1.24467 significant level. A significant drop is immediately seen toward the 1.19964 support level. To further plunge the GBPUSD beyond the support level, the sellers have constrained the price to a ranging movement […]
Market Analysis- February 20 GBPUSD market is currently trapped between the 1.240 supply level and the 1.190 demand level. The market consolidated within the same key levels as the previous year. GBPUSD Key Levels Resistance Levels: 1.240, 1.310, 1.370Support Levels:1.190, 1.110, 1.080 GBPUSD Long-term Trend: Bullish GBPUSD buyer appears to follow the same pattern as […]
Market Analysis – February 13 GBPUSD struggles to push beyond 1.240 since the test of the resistance level at 1.240. Since the MACD (Moving Average Convergence and Divergence) indication of an uptrend in October, the expanding channel has guided the market to reach the supply zone of 1.240. GBPUSD Key Levels: Demand Levels: 1.190, 1.110, […]
The GBP/USD pair has been heavily impacted by the recent events in the FX markets. As the US economy and Federal Reserve guidance continue to drive currency movements, the pound has struggled to keep pace with the strong USD rally of last week. However, recent comments from Fed Chair Jerome Powell have offered some relief […]
Market Analysis – February 6 GBPUSD breakout of the expanding Channel. The Market has been prominently soaring as the market continues to sweep through resistance levels. The price of Actos is currently revealing signs of a bearish reversal. GBPUSD Key Levels: Demand Levels: 1.190, 1.110, 1.070Supply Levels: 1.240, 1.310, 1.370 GBPUSD Long-term Trend: Bullish GBPUSD […]
Market Analysis – January 30 GBPUSD is set for a breakout as the price action narrows down to a point. Higher lows and lower highs reveal the contention in the market. GBPUSD Significant Zones Demand Zones: 1.190, 1.110, 1.070Supply Zones: 1.240, 1.310, 1.370 GBPUSD Long-term Trend: Bullish The GBPUSD market experienced a market crash all […]
Following an unexpectedly positive jobs report from the United States, which fueled expectations that the Federal Reserve (Fed) would hike rates above Wednesday’s 25 basis point (bps) threshold, the GBP/USD pair took an unexpected bearish turn, and the British pound plunged and widens its losses on Friday (bps). The GBP/USD currency pair is currently trading […]
The GBP/USD pair has struggled to make a comeback against the dollar, as price action remained largely unchanged during the Asian and early European sessions on Wednesday. Yesterday’s sell-off in the pair saw it reach a low of 1.2300, and analysts predict that this may not be the end of the downward trend. Nationwide Housing […]
From last Friday until yesterday (Monday), the US30 price action picked up some significant profits. However, at this point, the bears are already clawing out profits. And this could result in a significant price drop. Major Price Levels: Top Levels: $33,640, $33,700, $33,740 Floor Levels: $33,632, $33,600, $33,560 The US30 Price Is Weakening Near a […]
