WTI Oil – Look for Direction Signal on Breach of $68.00 or $70 Triggers

GBP/USD declined below the 1.2715 support zone. USD/CAD is rising and might aim for more gains above the 1.3330 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline below the 1.2715 support zone. There is a key bearish trend line forming with resistance near 1.2680 on the hourly […]

GBPUSD falls for 8 consecutive weeks 20- and 200-day SMAs post death cross MACD and RSI suggest more losses GBPUSD recorded the eighth straight negative week after the pullback from the 1.3433 level, losing more than 7%. The price posted a fresh six-month low of 1.2486 on Friday, meeting the long-term ascending trend line. More aggressive […]

GBPAUD broke daily down channel Likely to rise to resistance level 1.9600 GBPAUD currency pair today broke the resistance trendline of the daily down channel from the end of October (which encloses the earlier downward ABC correction (2) – which stopped earlier at the support level 1.9275). The breakout of this down channel should accelerate […]