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' pattern, so the market is likely going to test the closest support at 1.3873 - 1.3856. Meanwhile, if a pullback from this area happens little later on, bulls will probably try to achieve another resistance at 1.3964 - 1.3982.
The price is consolidating near the 34 Moving Average. It's likely to have a local correction during the day. Even so, bears are likely going to deliver a new local low afterwards.
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 happened? US stocks ended sharply higher on Thursday, May 27, after a 7-week losing streak…
Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail!
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).