GBP/USD Weekly Outlook

GBP/USD’s rally from 1.3008 extended to 1.3438 last week but retreated from there. Initial bias remains neutral this week first. Further rally is expected as long as 1.3286 support holds. As noted before, fall from 1.3787 should have completed as a three-wave correction to 1.3008. Above 1.3428 and firm break of 1.3470 resistance will pave […]

The post GBP/USD Weekly Outlook appeared first on ActionForex.

Next Post Previous Post
No Comment
Add Comment
comment url

Readers also liked:

Quote of the day! ⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️ 100%

sr7themes.eu.org
CLOSE ADS
CLOSE ADS

Unlock more content

Analyticdave thrives because of the support of people like you. Please support us by watching a short ad.

FAQ

Q1: What is the best trading indicator?
A: Commonly used indicators include Moving Averages, RSI, MACD, and Bollinger Bands.

Q2: Can I rely solely on indicators?
A: No. Combine indicators with risk management and market analysis.

Q3: How many indicators should I use?
A: 2-3 complementary indicators are ideal to avoid conflicts.

Q4: Are trading indicators useful in crypto markets?
A: Yes, but combine with volatility indicators due to high swings.

Q5: How do I combine indicators effectively?
A: Use one trend, one momentum, and one volume/volatility indicator for confirmation.