There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
GBP/USD: 1.4000 in sight?
GBP/USD was favored by a broad-based USD weakness during Tuesday’s session, following the news of Rex Tillerson’s dismissal as U.S. Secretary of State. The current cycle overview shows us that Cable is poised to post fresh highs across the board, as the pair managed to break above March 6th highs. If the pair continues with the bullish bias, the next target would be the 100% Fibonacci level at 1.3998. To the downside, a strong support is placed around 1.3938.
RSI indicator stays in the overbought territory.
The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
Google is going up. When are we to expect full recovery? This short technical analysis will give you some clues where to look at.
There has been some movement in the EUR/USD chart. What's happening?
The US-China relations are getting more tensed over Hong-Kong. How does that affect the USD?