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: local 'V-Top' pattern
2019-11-11 • Updated
There's a local 'V-Top', so the pair is going to reach the closest support at 1.3177 - 1.3143 soon. At the same time, if a pullback from these levels happens little later on, bulls will probably try to reach another resistance at 1.3203 - 1.3253.
The last 'Pennant' pushed the pair higher. It's likely that the market is going to test the nearest support at 1.3161 - 1.3143 within the next few hours. However, if we see a pullback from this area, there'll be an opportunity to have an upward price movement towards the next resistance at 1.3233 - 1.3253.
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.
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?!