Trading news

GBP/USD is ready to take off

The GBP/USD aka the cable, is currently set for a possible reversal towards 1.3370 and 1.3456. We have an important POC. The price is currently 1.3328 but we could easily see the rejection towards 1.3370. POC1 (23.6, double trend line, mini rounded bottom) is 1.3287-1.3315 and anywhere in this zone the price might reject. If the price breaks 1.3370 with a strong 1h momentum or we see a 4h close above 1.3370, 1.3456 should be next. Buy the dips seem to be valid now as MACD slope is also positive on higher time frames.

1.3200 needs to hold in order for the price to remain bullish.

Monday, 05 Sep, 2016 / 5:48

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

Source : http://www.admiralmarkets.com/

Trading news

 

Gold Prices Confined To Friday’s Range

The precious metal is trading subdued with much of price action staying within [...]

Posted on Tuesday, 26 Jan, 2021 / 12:20 under

EU Hit With Vaccination Delays

Greenback Lifted as Fed Meeting Looms The US index ended a muted session at [...]

Posted on Tuesday, 26 Jan, 2021 / 12:19 under

US stimulus delays cool sentiment

  Delays in Biden’s relief timeline keep animal spirits in [...]

Posted on Tuesday, 26 Jan, 2021 / 10:21 under