The GBPUSD approaches the first target - Analysis - 01-10-2021
Economies.com
2021-10-01 03:59AM UTC
The GBPUSD pair provided clear positive trades to reach the thresholds of the first waited target at 1.3530, noticing that stochastic gathers the positive momentum, waiting to motivate the price to continue the rise and surpass the mentioned level to head towards 1.3600 as a next positive target.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 1.3410 will stop the expected rise and press on the price to resume the main bearish trend.
The expected trading range for today is between 1.3380 support and 1.3550 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The USDCHF price begins the bearish correction – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line clearly ...
Forex
The NZDUSD price keeps rising – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
NZDUSD Price Analysis The NZDUSD price shows a more bullish bias as it approaches our awaited ...
Forex
The AUDUSD price hits the first target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
AUDUSD Price Analysis The AUDUSD price managed to achieve our first awaited target at 0.6570$, and ...