In the D2T/USD market, despite the apparent sideways trend, there has been a subtle downward inclination. Notably, the $0.0055 price level has emerged as a robust resistance point for the bearish sentiment. Initially, there was an expectation that the market would undergo a reversal at this demand …
Forex Strategies
Dash 2 Trade (D2T/USD) Is Warming Up as Target Remains on $0.00700
The equilibrium between demand and supply that has maintained the Dash 2 Trade market within a range-bound pattern commenced on September 12th. During this period, the $0.006 support level yielded to bearish pressure, subsequently transforming into a resistance level. Notably, due to heightened …
GBPUSD Struggles to Maintain Strength Amid Shifting Factors
GBPUSD struggles to maintain strength amid shifting factors. The Bank of England (BoE) made headlines by surprising the market with an unexpected decision to keep interest rates unchanged. This decision, contrary to expectations of a rate hike, added pressure to the pound. The BoE's stance was …
