GBP/USD nosedives and extended its losses past the 50 and 200-day Exponential Moving Average (EMA) on Friday after a surprisingly strong jobs report f
By Geoffrey Smith Investing.com -- The dollar traded higher early in Europe on Friday, after weak earnings from three of Silicon Valley's largest companies damped risk appetite...
By Ambar Warrick Investing.com -- Most Asian currencies weakened on Friday, while the dollar rebounded in anticipation of more cues on the U.S. economy from nonfarm payrolls data,...
Looking at GBPUSD’s chart, we can see that the FX pair is dropped to the current rate of around $1.2188, reaching a new low for the week.
GBP/USD is on the defensive following a recent break of daily structure that led to a colossal sell-off in the London and New York equities opening ho
US market rates fell after the Federal Reserve decision but this looks more like a market positioning effect than anything specific from the meeting. Expect some retracement. Both...
Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
|---|---|---|---|---|---|
| Moving Averages | Neutral | Sell | Strong Sell | Sell | Sell |
| Technical Indicators | Buy | Strong Sell | Strong Sell | Strong Sell | Sell |
| Summary | Neutral | Strong Sell | Strong Sell | Strong Sell | Sell |
Pattern | Timeframe | Reliability | Candles Ago | Candle Time | |
|---|---|---|---|---|---|
| Emerging Patterns | |||||
| Evening Doji Star | 1M | Current | |||
| Hammer Bullish | 15 | Current | |||
| Completed Patterns | |||||
| Doji Star Bearish | 1M | 2 | Dec 22 | ||
| Three Inside Up | 1M | 3 | Nov 22 | ||
| Dragon Fly Doji | 1W | 4 | Jan 01, 2023 | ||
Time | Cur. | Imp. | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| Monday, 6 February 2023 | ||||||
| 19:40 | GBP | |||||
| 20:30 | GBP | 49.60 | 48.80 | |||
Bank of England(BOE) | ||
| Current Rate | 4.00% | |
| Chairman | Andrew Bailey |
Federal Reserve(FED) | ||
| Current Rate | 4.75% | |
| Chairman | Jerome H. Powell |