Market Analysis – February 17 GBPUSD continues to demonstrate bullish strength as it approaches key resistance levels. Technical indicators suggest the potential for sustained upward movement. The 9-period Simple Moving Average (SMA) is trending upward, providing a supportive framework for price action above $1.24950. Additionally, the MACD histogram remains firmly in positive territory, with the […]
Market Analysis – February 10 On February 10, the GBPUSD pair is exhibiting strong bearish momentum following a significant breakdown. This analysis utilizes various technical tools, including the 9-period Simple Moving Average (SMA) and the Stochastic Oscillator, to evaluate market behavior. Currently, the price is trading below the SMA at approximately $1.24390, indicating a bearish […]
GBP/USD declined after the Bank of England (BoE) cut interest rates as expected, according to Scotiabank’s Chief FX Strategist, Shaun Osborne. The decision placed additional pressure on the Pound Sterling (GBP), leading to further losses against the U.S. dollar. GBP/USD Struggles Amid Policy Shift The BoE reduced its policy rate by 25 basis points to […]
Market Analysis – February 3 GBPUSD faces bearish pressure after being rejected from a key supply zone at $1.25620. The 9-period Simple Moving Average (SMA), calculated on closing prices and currently at $1.24020, remains above the prevailing market price, indicating short-term bearish momentum. Additionally, the MACD histogram is trending downward, with the MACD line crossing […]
Market Analysis – January 27 GBPUSD analysis suggests the possibility of further declines ahead. The indicators on the chart point to prevailing bearish momentum. The 9-day simple moving average (SMA) at $1.23190 is trending below the current price of $1.24480, signaling a potential pullback before resuming the downward trend. The Stochastic Oscillator shows overbought conditions, […]
Market Analysis – January 20 GBPUSD indicates strong bearish momentum below key resistance levels. A successful retraction at the breaker block in the premium zone will likely instigate a massive crash. The MACD (Moving Average Convergence Divergence) indicator on the daily chart reflects bearish momentum, as the MACD line is below the signal line, with […]
Market Analysis – January 17 GBPUSD is currently undergoing a downward trend, continuing to display a series of impulsive and corrective phases. The latest impulsive movement has resulted in a significant 3.79 percent displacement, further aligning with the prevailing bearish trend. GBPUSD Key Levels Demand Zones: 1.20370, 1.18020, 1.11420Supply Zones: 1.25070, 1.28110, 1.34340 GBPUSD Long-Term […]
Market Analysis – January 6 GBPUSD has broken out of its recent reaccumulation phase, continuing its bearish momentum on the daily chart. This phase, which lasted from late November into early January, has now given way to an impulsive downward movement, targeting a liquidity pool at the 1.23000 level. GBPUSD Key Levels Demand Levels: 1.24000, […]
US Dollar (USD) strength persisted into the start of 2025, with the USD Index gaining over 2.5% in December. This marks the third consecutive month of gains, as the index consolidates just below the 26-month peak of 108.50 reached on December 31. Market participants now await the release of key US economic data, including Initial […]
