| Updated: 
The GBP/USD bounced off the support level of 1.3070 in order to complete a 38.2% Fibonacci retracement at 1.3145 level. Closing of candles below this level can drive selling bias in the Cable. Check out a quick trade plan in the GBP/USD analysis video.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.
Forex Market: GBP/USD daily trading outlook Friday’s trade saw GBP/USD within the range of 1.4310-1.4451. The pair closed at 1.4403, advancing 0.56% on a daily basis. It has been the 10th gain in the past 21 trading days. The daily high has been the highest level since March 30th, when […]
Forex Market: USD/CAD trading outlook for October 7th 2016 Yesterday’s trade (in GMT terms) saw USD/CAD within the range of 1.3175-1.3250. The pair closed at 1.3219, edging up 0.33% compared to Wednesdays close. It has been the 184th gain in the past 354 trading days. The daily high has been a […]
United Air shares fall the most in 8 years on Thursday as fourth-quarter performance forecasts disappoint Shares of United Continental Holdings Inc experienced massive selling pressure yesterday, plummeting at a daily rate unseen in eight years, after the company released disappointing fourth-quarter forecasts on performance.United Air […]
EUR/JPY Stays Bullish Despite Pullback From Highs Today Key Moments
EUR/JPY traded around 186.20 during Asian hours on Wednesday after three consecutive daily gains
The pair stayed above its nine-day and 50-day EMAs, with the 14-day RSI near 60 signaling constructive upside […]
CAD/CHF hovers above 2-week low as Franc outperforms The CAD/CHF currency pair hovered above a fresh 2-week low of 0.5637 on Tuesday ahead of Bank of Canada’s minutes release.Meanwhile, the Swiss Franc has outperformed even against a generally risk-positive market backdrop.The Bank of […]
USD/SGD hovers above 1-week low on US auto tariff relief hopes The USD/SGD currency pair hovered above a 1-week low of 1.3060 on Tuesday, as the Singapore Dollar advanced, tracking gains in other Asian currencies, after the Trump administration signaled a potential rollback of auto tariffs.The US […]