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: 'Double Top'
2019-11-11 • Updated
We've got a 'Double Top', so the price is testing the 55 Moving Average. It's likely to have a correction towards the nearest support at 1.2811. A pullback from this level could be a starting point for an advance in the direction of the next resistance at 1.2911 - 1.2957.
There's a 'Double Bottom', so the price is likely going to test the next resistance at 1.2826 - 1.2811. If a pullback from this area happens little later on, bulls will probably try to deliver a new local high.
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.
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
How to understand if an economy is accelerating or decelerating? What are the indicators that can guide us in this interpretation? One of the ways in which we can assess this situation is precisely the household consumption, which fundamentally refers to…
Credit cycles (or leverage cycles) represent moments in the economy of a country when families and companies get indebted, in order to invest or to spend in different segments, which ends up positively influencing the level of the general economic…