I thought options but they come later today. Really don't know. Was massive sell of USD and very fast recover. That means someone big exchanged money into eur and gbp etc. from usd. That leads to more down pote
The Basics of Technical Analysis https://www.dailyfx.com/forex/fundamental/article/special_report/2020/12/14/basics-of-technical-analysis.html This beginners guide will introduce you to the basics of technical analysis, and how it can be used to... Read Time:17 Second FC British Pound ...
On the other hand, breaking the 1.1180 support level will negatively affect expectations of a rebound upwards, and as a result, selling operations may increase. Today, the pound will await the announcement of British inflation figures. Ready to trade ourForex forecast? Here’s a list of some ...
its highest level in three weeks, from which it provoked selling again.Therefore, the pair retreated towards the 1.2844 support before settling around the 1.2916 level at the time of writing. Markets are still awaiting the results of the negotiation rounds that are still in p...
Significant resistance appears only at 1.67, which was a s stronghold in 2009. 1.6450 now turns into support. For more lines and technical analysis, see theGBP/USD forecast. Also the Public Sector Net Borrowing came out better than expected – a net lending figure of 16.4 billion pounds was...
I highlighted this setup including the near-term trading levels in today's GBP/USD Scalp Report . New to Forex? Get started with our Free Trading Guide ! EUR/USD 240min Price Chart Euro broke below the lower parallel of the bullish pitchfork we've been tracking for months now . The ...
What is the technical picture of cable? We invite you to read our today's Forex Trading Alert. In our opinion, the following forex trading positions are justified - summary: EUR/USD: none GBP/USD: short (stop-loss order: 1.6855) USD/JPY: none USD/CAD: none USD/CHF: none AUD/USD:...
GBP/USD technical analysis: In the near term and according to the performance of the hourly chart, it appears that the GBP/USD currency pair is trading within a descending channel formation. This indicates a significant short-term bearish bias in market sentiment.Therefore, the be...
The British pound had an interesting trading session, initially dropping during the day on Friday, and even piercing below the 200 day EMA. After that, we turned around to show signs of strength and test the top of the candlestick from the Thursday session.If we can break...