Trading news

EUR/GBP POC zone confluence with H5 camarilla pivot

After a fakeout move to the upside, the EUR/GBP has made a rounded bottom and spiked to the upside very close to POC zone. The POC comes within 0.8495-0.8510 (H5, 78.6, bearish order block, descending trend line). If we see a rejection from POC the target is 0.8415 confluence zone providing that 0.8550 holds. Additionally the EUR has been rejecting from 1.0470 as I stated in the EUR/USD article and if we see a weekly close below 1.0470, the EUR/GBP could proceed even lower than 0.8415. If we don't see any retracement towards POC, a 4h close below H3 at 0.8450 should provide continuation towards the target.

Thursday, 22 Dec, 2016 / 2:14

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

Source :

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