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' pushed the price higher
2019-11-11 • Updated
The pair has been rising since the last 'Thorn' pattern formed. It's likely that the market is going to reach the nearest resistance at 1.2738 during the day. If a pullback from this level happens next, there'll be time for a decline towards the closest support at 1.2615 - 1.2606.
The last 'Pennant' pattern pushed the price higher. All the Moving Averages have been broken. The main intraday target is the next resistance at 1.2732 - 1.2738. The subsequent pullback from this area could lead to another decline.
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.
The stock market has reversed, and now it’s going lower and lower…
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 set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!