· Technical Analysis: Cautious Optimism on GBP GBP/USD Grinding Higher, Stretched Positioning Presents a Risk. As Q1 comes to a close, much of the early quarter gains in GBP/USD have been largely retraced after peaking at Meanwhile, the close below the 50DMA confirms that the pair has topped out in the short-term, in which losses could extend towards the DMA and a multi · blogger.com Forum for Forex Traders. Caution: Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognise that for factors outside your control you may lose all of the money in your trading account Forex Trading in a Post-COVID World. analysis. Published on September 8, September 8, By FinSMEs. With an ominous global recession on the horizon, retail investors around the world have
Forex Trading in a Post-COVID World | FinSMEs
Meanwhile, forex trading post, the close below the 50DMA confirms that the pair has topped out in the short-term, in which losses could extend towards the DMA and a multi-month rising trendline below. A factor we cannot discount and could quite easily put 1. All in all, we remain cautiously optimistic that the Pound can grind higher and would be more encouraged by this view, should the multi-month uptrend remain forex trading post. The unwind of a Brexit risk-premium and a favourable vaccine rollout program has been among the key factors behind the persistent slide.
That said, the fundamentals continue to support the view that the bearish trend can continue with the UK announcing a roadmap to normalisation, while the EU are heading towards their third Covid wave. Meanwhile a bullish divergence on the RSI has also act to halt the downtrend. For Q2 the forex trading post break will be the first area of interest with a break below likely to see an extension of losses toward 0.
Although, a recovery is likely to represent attractive levels for renewed selling should the trend remain below 0. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Your email address will not be published, forex trading post. Save my name, email, and website in this browser for the next time I comment.
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· Technical Analysis: Cautious Optimism on GBP GBP/USD Grinding Higher, Stretched Positioning Presents a Risk. As Q1 comes to a close, much of the early quarter gains in GBP/USD have been largely retraced after peaking at Meanwhile, the close below the 50DMA confirms that the pair has topped out in the short-term, in which losses could extend towards the DMA and a multi · by Forex Trader April 9, , pm Views Crude Oil Technical Forecast Following Cyclical Pattern After an impressive start to , the oil forecast for the second quarter of the year is lacking an overly optimistic tone given a weaker picture for demand and stronger growth in rival supply, as was presented by OPEC’s outlook for the next two quarters Forex Trading in a Post-COVID World. analysis. Published on September 8, September 8, By FinSMEs. With an ominous global recession on the horizon, retail investors around the world have
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