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The GBP/USD pair took a sharp bearish turn to trade at 1.3040 level amid a stronger U.S. dollar. However, the pair has entered the oversold zone, and it’s also testing the triple bottom support level. Is there any trade setup that we can trade right now? Of course, there is. Check out our forex trading signal on GBP/USD pair in a video analysis above.
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AUD/USD Pullback Tests Support After Fib Rejection Key Moments
AUD/USD slips about 0.20% to around 0.6920 after stalling near the 0.6950 resistance area.
Price remains above the 200-day SMA at 0.6869 and the 50.0% Fibonacci retracement at 0.6851, keeping near-term support […]
USD/CHF on one-month lows US dollar slid to one-month lows against the Swiss franc on trading Friday, as safe haven demand for the franc was boosted due to a decline in Asian shares, while yesterdays mixed data from the United States still weighed upon demand for the […]
Forex Market: GBP/CAD daily trading forecast Yesterday’s trade saw GBP/CAD within the range of 1.7862-1.7991. The pair closed at 1.7905, losing 0.39% on a daily basis.At 7:16 GMT today GBP/CAD was down 0.21% for the day to trade at 1.7939. The pair touched a daily low at 1.7899 […]
Amazon Revamps Stores to Compete With Walmart Key Moments
Analysts expect Amazon’s fourth-quarter physical store revenue to rise 5.4% year-on-year to $5.9 billion, with overall earnings forecast at $1.97 per share.
Amazon is closing all Amazon Fresh and Amazon Go locations […]
AUD/JPY Steady Above Support Before Australia Jobs Key Moments
AUD/JPY trades around 108.55, maintaining a bullish structure above the 100-day EMA and key 108.50 support.
Market focus remains on Japanese Prime Minister Sanae Takaichi’s “smart stimulus” agenda and its […]
Forex Market: AUD/USD daily trading forecast Friday’s trade saw AUD/USD within the range of 0.7247-0.7341. The pair closed at 0.7261, losing 0.93% on a daily basis, while marking its first drop in the past three trading days. In weekly terms, AUD/USD lost 1.02%, following a 4.09% advance […]