Fundamentals surrounding the US dollar suggest that the greenback is gaining traction. Consequently, this has initiated a continued downward correction in the GBP/USD pair. From the better-than-expected Nonfarm payroll data to the decreasing unemployment rate, the US seems to be performing well. …
Price Action Charts in Focus
GBPJPY Anticipates a Bearish Trend
Market Analysis: GBPJPY Market to Commence New Bearish Momentum The GBPJPY pair has recently deviated from its previous bullish trend, marked by a noticeable shift in market sentiment. This change was highlighted by a series of significant bearish candlesticks, interrupted only by occasional …
NZDUSD Experiences a Bullish Breakout
Market Analysis: NZDUSD Currency Pair Undergoes Significant Breakout, for a Bullish Market Bias The NZDUSD currency pair has seen a notable shift in market sentiment, breaking above the critical 0.62000 threshold. This level has historically served as a strong support, repeatedly repelling downward …
