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The British pound climbed above $1.297 (GBP/USD) to a one-month high, driven by economic strength and steady inflation. This led traders to believe the Bank of England might cut rates less...
Forex Technical Analysis
FxNews—The U.S. dollar pulled back from the July 11 low of 10.37 against the Swedish Krona, trading at about 10.51 in today’s trading session. The currency pair is currently testing...
FxNews—The U.S. Dollar downtrend resumed, trading at about 3.881 against the Polish Zloty. This mark is the lowest price in 2024, aligning with the 2023 all-time low. The USD/PLN weekly...
FxNews—The U.S. Dollar has been losing ground against the Mexican peso since August 5 from the 20.21 mark. The downtrend eased after the USD/MXN price hit the 38.2% Fibonacci retracement...
FxNews—The American currency is experiencing a downtrend against the Hong Kong dollar. Interestingly, the Gartley pattern predicted this robust bear market. In addition to the Gartley pattern, the MACD indicator...
FxNews—The American dollar has been in a bear market against the Singapore dollar, trading below the 50- and 100-period simple moving averages, as depicted in the USD/SGD 4-hour chart below....
FxNews—The American currency rebounded from the August 5 low at 6.77 against the Danish Krone and tested the July 16 high at 6.86 as resistance. As of writing, the USD/DKK...
