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: price broke 'Triangle'
2019-11-11 • Updated
We've got a 'Triangle', which lower side has been broken. However, it's likely to have a correction towards the closest resistance at 1.3101 - 1.3131 in the short term. This area could be a departure point for a decline in the direction of the next support at 1.3047 - 1.3008.
The market is declining after a few days of consolidation along the Moving Averages. At the same time, there's a bullish 'Thorn' pattern, so the pair is likely going to test the nearest significant resistance at 1.3112. If a pullback from this level happens little later on, bears will probably try to reach another support at 1.3047 - 1.3032.
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.
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.