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: 'Thorn' pattern stopped bears
2019-11-11 • Updated
There's a 'Thorn' pattern, which has been confirmed, so the market is likely going to test the nearest resistance at 1.3032 - 1.3055 and the Moving Averages. If a pullback from these levels happens little later on, there'll be a moment for a decline towards the next support at 1.2953 - 1.2930.
We've got a local 'V-Top' pattern, so we're likely going to have a local downward correction. In this case, we should watch the nearest support at 1.2982 - 1.2961 as a possible departure point for a bullish price movement in the direction of another resistance at 1.3032 - 1.3047.
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.