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GBP/USD tests daily lows despite bullish technical outlook
The GBP/USD pair is trading near daily lows around 1.2725. Nonetheless, Friday's 4-hour chart is painting a favorable picture for bulls as the cable trades above all its SMA and momentum stays positive, Yohay Elam, an analyst at FXStreet, reports.
Key quotes
“GBP/USD is trading above the 50, 100, an
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Intra-day news and views and data to be released today – EUR/USD
Intra-Day Market Moving News and Views
Update Time: 24 July 2020 05:30GMT
EUR/USD - 1.1613... The single currency swung wildly in hectic trading yesterday as despite rebounding to 1.1598 in early European morning, failure to penetrate Wednesday's 21-month peak at 1.1601 triggered profit-taking and p
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Can we break this resistance at 1889?
#XAU/USD#
Resistance line at 1889, there was price rejection a few time the candles have stopped right before that and back down to support 1883. Until that resistance is broken there will be this ranging of areas. ----- OANDA:XAUUSD Gold seems to be respecting the support/resistan
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The US stock market closed sharply lower on Thursday due to the sell-off of technology stocks
The US stock market closed sharply lower on Thursday due to the sell-off of technology stocks, with the S&P 500 index hitting its biggest daily decline in nearly a month. U.S. stocks fell sharply on Thursday as investors dumped technology stocks that led the market due to mixed results and there
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EUR/JPY falters ahead of June high at 124.43 to move below 122.00 mark – Commerzbank
EUR/JPY is trading at daily lows, below the 123.20 level, after having faced rejection at 124.24 on Thursday. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, has exited the pair long positions as she expects a move lower to the 20-DMA at 121.91 and even a test of the 121.55 u
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Invast Global Extends Support for Aussie Women’s Sevens Team
Photo: Invast Global
Invast Global, a multi-asset brokerage and prime services provider, announced on Thursday that it will continue its support for Qantas Australian Women’s Sevens team for the upcoming HSBC Sevens Women’s World Series campaign.
The broker is sponsoring the rugby team for a few y
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Find your Group, Enjoy the Trading!
FOLLOWME is here to build a community for traders to communicate with each other. IM group is absolutely the way to go. As a trial for the past two weeks, FOLLOWME connects traders of 4 countries with 4 IM groups, namely Malaysian Traders, Indonesian Traders, Vietnamese Traders, and Thai Traders. Al
