Day: May 19, 2023

Pound Breaks Down  GBPUSD is trading heavily lower today as USD continues to rally across the week. Debt ceiling uncertainty and recent Fed hawkishness have conspired to underpin USD recently, going against the prevailing view held by major players that USD is likely to head lower near-term. Given the bull run we’ve seen in GBP […]

The dollar index has risen to its highest level since the end of March, the rally yesterday was accompanied by a pickup in US equity market and bond rout (a signal that the Fed may be again behind the curve). Major US stock indices closed in positive territory, US futures extend the rise today, with […]

Gold has repeatedly approached the supporting level of 1980. This might signify the upcoming potential breakout of this level. The price drop might lead to the formation of a reversal pattern such as a double top with the neckline at the level of 1980. So, let’s wait and see what is next. Bitcoin might still […]

TitleGBPUSD H4 | A bounce off support level TypeBullish Bounce Preference:Price is approaching our pivot point at 1.24237 which is a multi swing low support level. A bounce from here, price could rally to 1st resistance at 1.25057 which is a swing high resistance level. Alternative scenario:However, if price breaks below, it could fall to […]