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!
GBP/USD: bears can pull the pair down
2019-11-11 • Updated
SELL 1.2705 SL 1.276 TP1 1.2605 1.2505 TP3 1.2405,
BUY 1.2925 SL 1.287 TP1 1.3025 TP2 1.3065 TP3 1.3315
On the daily chart of GBP/USD, bears managed to pull the pair to the lower border of the triangle. If they break the support at 1.27, the pair will continue to move towards the 161.8% target of AB=CD.
On H1, breaking of the support at 1.2705 will move the pair downwards to the line of the “Three Indians” pattern and 161.8% target of AB=CD. On the other hand, if the resistance at 1.2925 is broken, the “Broadening wedge” pattern will be activated.
This article will analyze the possible scenarios for the EU, and what's more important, look at the charts. There is a lot to see, let's go!
The year started only a couple of weeks ago, but we already have a lot of fascinating movements in various trading instruments. To help you in trading, we choose several forex pairs that may surprise you and plunge greatly in a short period.
The stock market has reversed, and now it’s going lower and lower…
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!