Oil is testing support
The recovery of WTI last week met resistance in the 54.60 area. The price formed a gap down on the mounting fears about the coronavirus.
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.
Elizabeth Belugina
Similar
GOLD: rising during a disaster
Currently, the precious metal trades in the zone of 7-year highs. How far away is the all-time high?
Levels to trade USD/MXN
The volatility in USD/MXN has jumped. The pair is correcting up within the downtrend, which has been in place since September.
Popular
Democrats vs. Republicans: who is better for the USD?
While Donald Trump continues to lead the Republicans, the Democrats have not chosen its representative yet. With around 8 months till the US election, what are the chances for any of the candidates to affect the USD?
AUD/USD: 11-year lows
AUD is on a downswing against the USD. It reached the Spring-2009 lows. Will it continue the same direction?
NZD/JPY: three swings
NZD seems to be in an equal fight against the JPY. What stands behind that?
Choose your payment system
