HSBC's (Hongkong and Shanghai Banking Corporation) analysis delves into the intricate dynamics shaping the future trajectory of the Pound Sterling, particularly in light of impending decisions by the Bank of England (BoE). The looming specter of BoE rate cuts emerges as a significant factor in the …
Forex Strategies
EURCHF Faces Reversal at Key Resistance Level of 0.98400
EURCHF Analysis - May 5 EURCHF experienced a change in trend in late May 2024, leading to a shift in general bias to bullish. However, the bullish momentum has started to decline as a double top reversal pattern is formed, with resistance seen at 0.98400. EURCHF Significant Zones Resistance …
Dash 2 Trade (D2T/USD): Bulls Battling for a Breakout at $0.004
D2T/USD is currently in a tug-of-war between bulls and bears. The price initially charged towards $0.004, fueled by strong buying pressure. However, encountering a wall of sell orders around $0.0038, the bullish momentum stalled. A temporary truce has been established, with the price finding support …
