Trade ideas for March 28 - April 1
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 to test the next resistance
2019-11-11 • Updated
The market is consolidating between the levels 1.3072 - 1.3174. Also, there's a 'Double Bottom' pattern, which has been confirmed. Therefore, we should keep an eye on the next resistance at 1.3193 as an intraday target. If a pullback from this level happens next, bears will probably try to reach the closest support at 1.3047 - 1.3032.
There's a 'Thorn' pattern, which has been formed above the 89 Moving Average. Thus, the pair is likely going to achieve the nearest resistance at 1.3174 - 1.3199. The subsequent pullback from this area could lead to a decline towards the last low.
Similar
GBP/USD Near Supply Zone
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.
Forex majors: short-term and long-term
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
Latest news
Indices and Stocks in the Red
The stock market has reversed, and now it’s going lower and lower…
Walmart earnings outlook
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 at 2%, but what about a weaker Yen?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
