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: another pullback from the 34 MA
2019-11-11 • Updated
There's another pullback from the 34 Moving Average, so the price is consolidating. Even so, we should keep an eye on the next resistance at 1.2826 - 1.2852 as an intraday target. If a pullback from these levels happens next, bears will probably try to reach the closest support at 1.2763 - 1.2723.
It seems like there's a 'Pennant' pattern, which is about to end. In this case, the pair is likely going to reach the previously tested resistance at 1.2824 - 1.2839 shortly. Meanwhile, the subsequent pullback from this area could be a starting point for another decline towards 1.2755 - 1.2734.
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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.
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
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