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: "Rising Wedge"
2019-11-11 • Updated
Bulls found resistance at 1.2995, which pushed the price a little bit lower. Also, we've got a "Rising Wedge", so the pair is likely going to test the nearest resistance at 1.3023. If a pullback from this level happens, there'll be an opportunity to have a decline towards support at 1.2945 - 1.2913.
There's a "V-Bottom" pattern, which has been formed on the 89 Moving Average. At the same time, there's strong resistance by the last "Double Top", so the price is likely going to test the nearest support at 1.2964 - 1.2953. If a pullback from these levels happens, there'll be an option to have an upward price movement towards the closest resistance at 1.2995 - 1.3023.
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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.
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