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GBP/AUD opened the week with a gap down. Things like that have already happened before and, back then, the price continued its way down. On the W1, the pair is now below the 50-week MA at 1.8835. The further resistance lies at 1.8990 – as long as GBP/AUD is below this level, the outlook will remain negative. On the downside, targets lie at 1.8640 (December low) and 1.8450 (100-week MA). In the short term, the price can attempt to get higher, to 1.8865, but sellers will likely re-emerge between this level and 1.8990.
SELL 1.8930; TP 1.8640; SL 1.9000
SELL 1.8750; TP 1.8640; SL 1.8780
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
US Equities bounced back again in the past two days, while the S&P500 recovered all of its declines after holding well above its 50-day MA for the fifth time this year.
What happened? Brent returned to the rising channel on Wednesday by gaining 4% during the trading session…
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
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