Analysis and general direction of movement of the Pound/US Dollar currency pair. The period of analysis – time-frame 4 hours. Let's evaluate the prospects for the movement of the analyzed instrument from the point of view of the profitability of...
Technical Analysis: Market Trends and Trading Strategies According to daily technical analysis, the market is poised for an uptrend targeting around the 1.0891 price zone. This expectation is driven by the formation of a long bullish candlestick on...
The chart you've uploaded shows the GBP/USD currency pair on a 1-hour timeframe. Here are the key elements and observations from the chart: 1. **Trend Analysis**: - The chart indicates a downtrend, as illustrated by the downward-sloping channel. -...
The critical resistance level to watch is $2,350, marking the top of the current trading range. Should gold manage to break above this level, it would signal a significant shift in market sentiment. Moreover, surpassing the $2,350 resistance...
I was expecting a completely different situation on Friday! The opening of the resistance line of the daily channel by the bulls, although it only gave a preliminary signal for further development of the north, the bulls were very confident in...