Trading news

The POC zone is wider due to higher ATR

The GBP/USD is currently undergoing a technical retracement and we can see the POC zone lurking below L3 camarilla weekly pivot. In the case of further intra day retracement traders should pay attention to POC zone 1.2440-1.2465 (61.8, L3, ATR low, inner trend line, bullish order block). The POC zone is wider due to higher ATR. Rejections might target 1.2520 and 1.2600. A strong 1h momentum or 4h close above 1.2600 should target 1.2710 resistance. Have in mind that this bullish scenario persists as long as 1.2375 holds its ground.

Admiral Markets Review

Monday, 30 Jan, 2017 / 3:26

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

Source : https://admiralmarkets.com/analytics/technical-analysis/gbp-usd-uptrend-still-intact

Trading news

 

Stocks dive again as recovery in doubt; dollar stands tall

  Global equities follow Wall Street lower as fears of major winter [...]

Posted on Thursday, 24 Sep, 2020 / 9:54 under

The USD demand remains on the rise – USD/JPY Market Outlook – 24/09/2020

The Dollar/Yen reached our 105.50 target yesterday as the demand for the [...]

Posted on Thursday, 24 Sep, 2020 / 8:35 under

COVID-19 risks and USD’s demand offset Brexit optimism – GBP/USD Market Outlook – 24/09/2020

The Cable looks to extend its losses as Coronavirus risks and USD’s [...]

Posted on Thursday, 24 Sep, 2020 / 8:34 under