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 […]
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 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 – December 17 The GBPUSD pair has displayed mixed price behavior in recent months, with both bullish and bearish movements. While the short-term outlook is currently bullish due to a retracement, the long-term trend remains firmly bearish. GBPUSD Key Levels Demand Levels: 1.26860, 1.24470, 1.25530Supply Levels: 1.29960, 1.32460, 1.34470 GBPUSD Long-Term Trend: Bearish […]
Market Analysis – November 26 GBPUSD has broken below the 1.26110 support level and is now targeting the next demand zone. A retest of the breached level attracted more sellers, reinforcing the bearish momentum. GBPUSD Key Levels Demand: 1.28680, 1.26110, 1.23210Supply: 1.30450, 1.34080, 1.36000 GBPUSD Long-Term Trend: Bearish GBPUSD buyers initially defended the 1.28680 support […]
Market Analysis – November 18 GBPUSD has recently fallen below the 1.30410 demand level, descending to a new support zone at 1.26200. This support zone aligns with a bullish trendline, potentially acting as a buffer against further downside pressure in the ongoing bearish trend. GBPUSD Key Levels Demand Levels: 1.26200, 1.23330, 1.21000 Supply Levels: 1.30420, […]
Market Analysis – October 15 GBPUSD price has reversed sharply after reaching the 1.33120 level, forming a swing high that initiated a steady price decline. This downward movement from the swing high has been consistent, with each daily candle closing lower than its opening price. The demand zone now offers the bulls a crucial opportunity […]
Market Analysis – October 7 The GBPUSD market has experienced a notable drop, falling from the swing high of 1.3400 down to the critical major trade zone at 1.30840. This substantial move highlights the current market volatility. The 1.30840 zone is crucial, as a decisive break below it could initiate a new downward trend, potentially […]
Market Analysis – October 1st The GBPUSD market has maintained a steady upward trajectory, forming a distinct zigzag pattern that highlights the strength of the current bullish trend. Each significant swing low has led to bullish breaks of structure, reinforcing upward momentum and showing strong buying interest at key demand levels. GBPUSD Key Levels Demand […]
