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 – September 3 The GBPUSD market recently experienced a price correction, pulling back to the bullish order block at 1.2690 on the daily chart. Buyers took advantage of this discounted price, leading to a surge in buying pressure. As a result, the price skyrocketed by 4.75%. GBPUSD Key Levels Demand Levels: 1.30450, 1.28680, […]
Market Analysis – May 29 The GBPUSD currency pair is approaching a pivotal point. It has reached the resistance trendline of a large symmetrical triangle pattern on the daily chart. Multiple technical indicators suggest a potential bullish breakout is imminent. This signals a continuation of the upward trend. GBPUSD Long-Term Trend: Bullish Over the past […]
Market Analysis – March 25th GBPUSD rises as buyers regain stance. The GBPUSD pair started its downward journey when sellers shorted from the 1.25930 market level. Their actions were met with success as they managed to exert their dominance over the market. The sellers’ stronghold was further solidified when they breached the crucial level of […]
Market Analysis – January 22nd GBPUSD market remains in a deadlock as bulls struggle. The GBPUSD market continues to remain in a state of deadlock, with bullish momentum kept at bay for weeks. This prolonged period of consolidation is a clear indication of the struggle faced by buyers. Since December, the buyers have been grappling […]
Market Analysis – January 1st GBPUSD buyers show aggression aiming for a breakthrough. GBPUSD continues to witness buyer aggression as it strives for a breakthrough. The bulls have been displaying a slow but steady impulse. Also, the sellers have been holding back, creating a tense battle for control. The buyers have been struggling to penetrate […]
GBPJPY Analysis: Market Struggles At 184.010 As The Price Posts Bearish Divergence GBPJPY struggles at 184.010 as the price posts a bearish divergence. After breaking free from an inverse head-and-shoulders pattern, the market went on a bullish run. Looking at the Moving Average Cross, it’s apparent that the price has been mostly bullish, with the […]
The British pound is feeling the heat as the US dollar surges in the wake of mounting global economic uncertainties and rising oil prices. On Wednesday, the pound slumped to its lowest point in three months, hitting $1.2482 and losing 0.58% against the resurgent greenback, marking a nearly 1.43% decline for September. The dollar’s resurgence […]
Market Analysis – July 31 GBPUSD makes an effort amidst sell pressure. The buy traders are suddenly reducing the bearish pressure the market is experiencing. The past week saw a significant sell-off in the GBPUSD market, with the sellers pushing prices below the 1.28270 market level. Despite this, the market eventually closed with a bullish […]
