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/USD: all Moving Averages broken
2019-11-11 • Updated
All the Moving Averages have been broken, so the pair is likely going to test the next resistance at 1.3370 - 1.3397. If a pullback from these levels happens next, we should keep an eye on the 89 Moving Average as a target for an upcoming downward correction.
We've got a 'Breakaway Gap', so the market is rising. It's likely that the price is going to achieve the next resistance at 1.3370 - 1.3397. Meanwhile, a pullback from this area could be a starting point for a decline towards the closest support at 1.3314 - 1.3291.
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.
Forex majors: short-term and long-term
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
Latest news
What to Trade in October
Welcome to October, the tenth month of 2023. For this installment of What to Trade, I have handpicked a few of my favorite trade ideas for the month. Let’s go over a few of them.
The Battle for Oil. OPEC Strikes Back
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold is Rising Despite Inflation Returns
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.
