The slingshot strategy is a good way to trade EUR/USD on the ECB meetings. Learn more!
GBP/USD: market to test the lower 'Window'
Information is not investment advice
The market is consolidating along the Moving Averages. Previously, we had a 'Three Methods' pattern, which has been confirmed. It's likely that the pair is going to test the lower 'Window' (1.2936) soon, which could be a departure point for a local upward correction towards the nearest resistance at 1.3036. If a pullback from this level happens next and the price brokes the 'Window', there'll be an opportunity to have a decline in the direction of the closest important support at 1.2775.
Things in the economic world seem to be getting better. Is it better for the USD as well?
The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.
This time, the coronavirus has affected not only China but the whole market sentiment. Let’s figure out why this has happened.
On the H1, USD/JPY is recovering after the selloff that took place during the previous three days.