Trade ideas for March 28 - April 1
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-Top' pattern
2019-11-11 • Updated
There's a 'V-Top' pattern, so the price is declining. It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for a bullish price movement in the direction of the nearest resistance at 1.3094 - 1.3101.
We've got a 'Triple Three', which led to the current decline. The main intraday target is the closest support at 1.2994 - 1.2977. If a pullback from these levels happens next, we're likely going to have an upward correction towards another resistance at 1.3032 - 1.3069.
Similar
GBP/USD Near Supply Zone
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.
Forex majors: short-term and long-term
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
Latest news
Walmart earnings outlook
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 at 2%, but what about a weaker Yen?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
What to trade on May 16-20?
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
