The economic calendar is full of events: FOMC Statement, British and Canadian CPI, New Zealand GDP…
Tag - gbp
On the daily chart of GBP/USD, bulls try to push the pair back to the triangle's borders and the previous consolidation range between 1.27 and 1.33.
This week will bring us 3 central bank meetings. Let’s consider how they may turn out for market moves.
There's a 'V-Bottom', which has been confirmed, so the market is likely going to test the closest resistance at 1.2658 - 1.2695...
The market is likely going to reach the nearest resistance at 1.2634 - 1.2658. The subsequent pullback from this area...
Fed, BOJ, and BOE will meet this week to announce their interest rates.
Trade ideas on December 17-21
On W1, GBP/CHF formed a “hammer” candlestick at the support line from the 2016 lows.
Every year, Saxo Bank publishes a list of 'Black Swans' (highly improbable events that can have a dramatic impact in case they actually happen)…
If a pullback from the nearest support at 1.2588 happens next, there'll be time for another upward price movement...
The market sentiment is down, Theresa May can't renegotiate the Brexit deal, Italy and the EU can't agree on a lower deficit.
The main intraday target is the closest resistance area at 1.2695 - 1.2725. If a pullback from these levels happens next...