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: pair declining since triangle was broken
2019-11-11 • Updated
The pair has been declining since the triangle's lower side was broken. The main intraday target is the next support at 1.2957 - 1.2932. This area could be a starting point for an upward correction in the direction of the nearest resistance at 1.3032 - 1.3047.
The market is declining because of the last 'V-Top'. Nevertheless, it's likely to have a bullish correction soon, so we should keep on track the closest resistance at 1.2994 - 1.3015 as an intraday target. If we have a pullback from these levels, bears will probably try to test another support at 1.2957 - 1.2932.
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.
Welcome to October, the tenth month of 2023. For this installment of What to Trade, I have handpicked a few of my favorite trade ideas for the month. Let’s go over a few of them.
The past several weeks have been a real triumph for the bulls in the oil market. The Brent spot price grew by 8.5% during the last month.
Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.