US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
GBP/USD: at the dawn of a new era?
2020-11-19 • Updated
The pound has been pretty strong lately. Possibly, on the latest “news” (that’s been like that since summer though) that by early next week we may finally see the Brexit deal sealed. So on the surface, just watch the resistance of 1.33 for bulls, and 1.3220 for bears. But that’s not the most interesting thing.
The zone of 1.3230 – 1.33 is the two-year resistance area for GBP/USD, it’s very clearly visible on the weekly chart below. We haven’t noticed with this virus that the pound gradually recovered all the virus losses and is on the brink of breaking this resistance. What is up there, beyond 1.33?
Beyond 1.33, it is a game-changing scenario of GBP/USD building a new long-term uptrend. The first strategic high on the way would be 1.43, and then, all those heights left by the pound in the course of this decade. Unexpected, isn’t it? That’s right – that’s what an every-now-and-then strategic view gives. So watch how Brexit goes, follow the course of the UK economic recovery, and let’s see – maybe, we are at the opening of the new era for the pound.
Similar
US30 Trading Strategy and Key Levels: Where Are the Supply and Demand Zones?
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
US100: Consolidated and preparing correction below 18100. Key levels on H4!
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Latest news
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
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.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
