Weekly FX Charts Outlook GBPUSD Weekly Charts Outlook Supports : 1.29700 , 1.27350 & 1.24850 Resistances: 1.31350 , 1.31850 & 1.32750 As long as above 1.29700 Bullish. If it can’t surmount 1.31850 next week, this might be the start of a bigger Correction. Weekly chart EURUSD Weekly Charts Outlook Supports : 1.08850…
Forex – Order of The Pack What is the order of the Wolfpack? The alpha pair commands the whole group, while the beta pair directs the mid-level wolves, and the adults take charge of the remaining pack members in the middle and lower ranks. While searching the internet in a quest of…
EUR/USD: Doves Outplay Hawks, Score 76:24 ● Last week, four key events attracted the attention of the markets. The week began on Monday, 7th October, with the release of eurozone retail sales data. According to the statistics, retail sales in August grew by 0.2% month-on-month and by 0.8% year-on-year, which was almost in line with…
Fundamental Overview Yesterday, the USD got a boost from a higher than expected US CPI report but gave back the gains pretty quickly. There are two reasons for such a reaction. The first is that at the same time of the US CPI release we got the US Jobless Claims figures which jumped to the…
Are Forex Broker Client Position Reports Useful or Not? At first glance forex broker client sentiment reports showing net client positions seem like a useful tool. However, when you dig deeper it raises the question whether the data should be taken at face value. While retail is only a small part of the…
– Geoff Kendrick, Head of Crypto Research at Standard Chartered Bank, predicts that if Donald Trump is elected President of the United States, the price of bitcoin could triple by the end of 2025, while Solana could see a fivefold increase. The expert believes that a Trump administration would be more favourable towards the Solana…
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Bears in the GBPUSD market maintain a strong influence despite the almost stagnant characteristics of the US stock index. Indications surrounding the market suggest that price activity may even break below a previous support level as the market anticipates more fundamentals from the US side. Key Price Levels:Resistance Levels: 1.3100, 1.3300, 1.3500Support Levels: 1.3000, 1.2900,…
This Will Change the Way You Look at Trading Let me start out by saying where you place a stop is more important than where you enter a trade. Understand this concept and you are on your way to changing the way you look at trading Let’s see if this turns around the…
Weekly FX Chart Outlook – October 7-11 There is a light economic calendar in the week ahead as traders are left to digest the stronger US September jobs report, which has all but factored out a risk of a 50bps Fed rate cut in November. With no key labor reports due from the…