Trading news

GBPUSD Holds The Range Between 1.3122 & 1.3000

The British pound sterling drifted lower on Monday as intraday prices briefly tested the 1.3000 handle.

However, price action remains volatile around this level.

The Stochastics oscillator is oversold and could signal a short term move to the upside.

Meanwhile, price action is on track to close bearish for the third consecutive daily session. Still, prices remain well within the range from last Wednesday.

As a result, only a bearish close below 1.2944 could spell further declines.

For the moment, the bias remains mixed.

Orbex Review

Tuesday, 27 Oct, 2020 / 1:33

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

Source : https://www.orbex.com/blog/en/2020/10/gbpusd-holds-the-range-between-1-3122-1-3000

Trading news

 

Oil Hits A 9 Month High

Oil Boosted By Better Risk Sentiment Crude prices have enjoyed a strong rally [...]

Posted on Thursday, 26 Nov, 2020 / 11:39 under

Sunak Announces Historical Borrowing

Dollar Keeps Falling from Grace The US index sank by 0.12% on Wednesday as it [...]

Posted on Thursday, 26 Nov, 2020 / 11:38 under

Weak Economic Data supported higher prints – GOLD Market Outlook – 26/11/2020

Gold hit our long entry resistance target at 1815, bouncing off the 1800 [...]

Posted on Thursday, 26 Nov, 2020 / 10:03 under