Tag: forex analysis

Trading plan for EUR/USD for April 23, 2019

Technical outlook:The EUR/USD 4H chart displayed today is focused on the drop between 1.1448 and 1.1183 levels respectively. In the past few days, we have been discussing on the potential counter trend rally that began from 1.1183 last week. This count…

Fundamental analysis of GBP/USD for April 23, 2019

The UK released downbeat CPI and strong retail sales reports which created indecisive mood in the market regarding further GBP gains. At the same time, USD has managed to sustain momentum against the pound recently.It seems that the UK government has r…

Technical analysis of GBP/USD for 23/04/2019

Technical Market Overview:The GBP/USD pair has been moving down recently ant the technical support at the levels of 1.3012, 1.2996 and 1.2977 all had been tested and broken. The momentum is still weak and negative despite the oversold market conditions…