Market Analysis - May 7 EURUSD has undergone a sluggish ascent since mid-April, defying the prevailing bearish undertone on the daily timeframe. Despite this, the price has surged into the premium zone of the bearish swing, signaling a potential impending bearish displacement as sellers eye the …
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 …
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 …
