Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/AUD broke key resistance level 1.7600
2019-11-11 • Updated
- GBP/AUD broke key resistance level 1.7600
- Next buy target - 1.7800
GBP/AUD continues to rise inside the medium-term impulse wave (3), which started earlier with the daily Morning Star from the support area near the strong support level 1.7350 (which has been reversing the price from June) and the lower daily Bollinger Band. The price today broke the key resistance level 1.7600 – which should accelerate the active impulse wave (3). GBP/AUD is expected to rise further toward the next buy target at the next resistance level 1.7800.
Similar
GBP/USD Near Supply Zone
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
Aussie Selloff Ahead?
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
Latest news
Oil Prices Plunge On Falling Fuel Demand Concerns
The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent…
Bitcoin 2024: The Story Is Cyclical
In the dynamic world of financial trading, understanding the nuanced relationship between the Federal Reserve's key interest rates and Bitcoin can be a game-changer…
Will NFP Be Positive for the US Dollar?
As the US Non-Farm Payrolls (NFP) take center stage, this month's data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a significant decline, with the economy adding 298K new jobs...
