Trading news

GBP/USD is proceeding higher with a strong momentum

Our previous GBPUSD predictions came true, though after a bigger pullback and the pair has made a strong bounce to the upside. Again, fears of Brexit diminished and the pound has been bought on dips.
Today's Second Estimate GDP came as expected and it is important because it measures a change in the inflation-adjusted value of all goods and services produced by the economy. Technically GBPUSD has made a form of ascending scallop pattern. POC (DPP, L3, 61.8, double top breakout) comes within 1.4660-70 zone and pullbacks toward the zone could be used for long trades. The targets are 1.4740 and 1.4770. If the pair breaks 1.4770 with a strong momentum or we see a 4h close above it, next target is 1.4825.

Thursday, 26 May, 2016 / 11:35

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

Source : http://www.admiralmarkets.com/analytics/technical-analysis/gbp-usd-is-proceeding-higher-with-a-strong-momentum

Trading news

 

Oil is driven by a strain in the Middle East

Oil quotes began to grow again. Brent crude is successfully making its way [...]

Posted on Friday, 17 May, 2019 / 9:11 under

AETOS Market Commentary 17/06/2019

  EURUSD The Euro slumped against the greenbacks on Thursday, and [...]

Posted on Friday, 17 May, 2019 / 8:41 under

GBP Victim of Brexit Uncertainty, Australians Head to the Ballots

Market sentiment improved yesterday, with EU and US indices ending their [...]

Posted on Friday, 17 May, 2019 / 7:39 under