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: market to test the next resistance
2019-11-11 • Updated
There's a 'Double Bottom', so the market is likely going to test the next resistance at 1.3203 - 1.3253. However, if we have a pullback from this level, we're likely going to have a bearish correction towards another support at 1.3143 - 1.3101.
The price is going to test the 89 Moving Average soon on the one-hour chart. A pullback from this line could be a starting point for a local decline. Even so, we should keep an eye on the nearest resistance at 1.3177 - 1.3213 as a bullish target.
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…