
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!
2019-11-11 • Updated
GBP/AUD recently broke below the support zone lying between the support level 1.7730 (which stopped the previous impulse wave 1 earlier this month, as can be seen below) and the 38.2% Fibonacci correction of the previous upward ABC correction (2) from the start of June. GBP/AUD is expected to fall further toward the next sell target at the next support level 1.7400 (low of wave (1) from June).
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/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.
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.
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Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
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