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: 'Pennant' points to another advance
2019-11-11 • Updated
All the Moving Averages have acted as support, so there's a 'V-Bottom' pattern. In this case, the pair is likely going to reach the previously tested resistance at 1.2927 - 1.2946. If a pullback from this area happens next, there'll be a moment for another decline towards the nearest support at 1.2839 - 1.2814.
It seems like there's a 'Pennant' pattern, so we're about to have another bullish price movement. In this case, we should watch the closest important resistance at 1.2930 - 1.2057 as an intraday target. The subsequent pullback from these levels could lead to the beginning of a downward correction.
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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.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone