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: "V-Bottom" pattern
2019-11-11 • Updated
All the Moving Averages have been broken. Also, there's a "V-Bottom" pattern, so the price is likely going to test the nearest resistance area at 1.3944 - 1.3979. At the same time, if we see a pullback from these levels, there'll be a moment for another decline.
We've got a "V-Bottom", so the pair is consolidating. The main intraday target is the 89 Moving Average. If we have a pullback from this line, bears will probably try to deliver a local downward price movement.
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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