
How do we trade the gold price? It seems to be losing the upside momentum - no problem for bears!
Don’t waste your time – keep track of how NFP affects the US dollar!
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Investors are cautious ahead of the Fed’s meeting. Many analysts predict a rate cut before the year-end. However, we know that the American central bank is unpredictable. If Mr. Powell gives any hints on the rate cut, the USD will fall, as a result, EUR/USD will rise. In the case of the hawkish tone of the chairman, the pair will suffer.
On the H4, the pair has been trading near the upper boundary of the downward channel (1.1206). A break above it will increase chances for the further rise. However, comments will be in priority.
In the case of the upward movement, targets are at 1.1213, 1.12355 and 1.1258.
In the case of the fall, the pair will move to 1.1187 and 1.1168. A breakthrough these levels will provoke a plunge to 1.1134-1.1127.
How do we trade the gold price? It seems to be losing the upside momentum - no problem for bears!
GBP/USD went beyond 1.37 and reversed the gains. How to trade it now?
Let's trade GBP/USD. It gives a very interesting bullish layout currently - you'll find both mid-term and long-term strategies inside.
How do we trade the gold price? It seems to be losing the upside momentum - no problem for bears!
GBP/USD went beyond 1.37 and reversed the gains. How to trade it now?
Let's trade GBP/USD. It gives a very interesting bullish layout currently - you'll find both mid-term and long-term strategies inside.
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