We have outlooked several promising Forex pairs and the result can surprise you!
GBP/USD: levels to trade
Information is not investment advice
GBP/USD regained some ground on the weakness of the USD and the optimism about Brexit. The pair made a big leap up yesterday and broke 200-day MA (1.30). However, the pair had already tested levels above this line not long ago but ultimately returned lower. Daily MAs are below the price and almost horizontal. In the short term, the pound will likely correct back to 1.30.
A break below 1.30 may provoke a slide to 1.2940/00. Still, for now, support looks stronger, so we see that it’s possible to bet on another attempt to test the 50-week MA at 1.3165.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?