GBPUSD Wave Analysis

USDCAD reversed from long-term resistance level 1.3850 Likely to fall to support level 1.3760 USDCAD currency pair is under bearish pressure after previously reversing from the long-term resistance level 1.3850 (which has been repeatedly reversing the price from the end of 2022, as can be seen below). The resistance level 1.3850 was strengthened by the […]

Geopolitical tensions were on the headlines yesterday after Ukraine fired its first US missile to Russia after having received the green light from the White House following a two-year wait to do so. And Kremlin relaxed rules that would allow them to use nuclear weapons in case of an attack on its soil. Consequently, the […]

EUR/USD has seen a slight downturn, correcting near the support level of 1.0905 as the market adjusts its expectations regarding the Federal Reserve’s monetary policy. The probability of a 25-basis-point rate cut by the Fed in November currently stands at 86.8%, reflecting a cautious outlook for significant further easing this year. Economic data from Germany […]