Trading news

Bulls remain in control despite Brexit tensions – GBP/USD Market Outlook – 04/12/2020

The pound resumed its overall bullish trend, reaching our 1.3450 target, despite new Brexit tensions. According to Sky News, Brexit talks are going backwards and hopes of any development in today’s meeting is missing, postponing the deadline for reaching a deal until Monday. However, despite Brexit uncertainty, the overall market optimism is overshadowing any Brexit concerns for now and price structure remains bullish for now. As a result, we remain in favor of buying dips, ideally if price retraces back towards the 50-SMA.

Support: 1.3430 / 1.3290
Resistance: 1.35/ 1.3550

SquaredFinancial Daily Market Outlook

TRADE NOW

SquaredFinancial Review

Friday, 04 Dec, 2020 / 8:59

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.squaredfinancial.com/learn/daily-market-outlook/bulls-remain-in-control-despite-brexit-tensions-gbp-usd-market-outlook-04-12-2020

Trading news

 

USDCAD 5-Wave Impulse To Complete Triple Zigzag

The USDCAD currency pair forms a primary wave Ⓩ which is part of a global [...]

Posted on Wednesday, 27 Jan, 2021 / 12:54 under

Republicans U-Turn On Trump Impeachment

Dollar Slides Ahead of FOMC The dollar index closed 0.27% lower yesterday as [...]

Posted on Wednesday, 27 Jan, 2021 / 12:53 under

OIL breaking higher after a surprise drawdown in API inventories – US OIL Market Outlook – 27/01/2021

WTI Crude breached our line in the sand resistance level at $52.60 to reach [...]

Posted on Wednesday, 27 Jan, 2021 / 9:26 under