EURAUD penetrates the downtrend line RSI and stochastic suggest bearish correction EURAUD skyrocketed to a new three-month high of 1.6693 during yesterday’s session, penetrating the long-term descending trend line to the upside. Currently, the pair is weakening its momentum and something reflected in the technical oscillators as well. The RSI is pointing down above the […]
GBPUSD hits a new two-month low as Trump wins White House Short-term outlook remains bearish; focus on 200-SMA for potential support Bank of England, Fed announce their rate decisions today GBPUSD took a sharp dive to a two-month low of 1.2833 on Tuesday as the return of Trumponomics gave fresh impetus to the greenback. On Wednesday, […]
The post GBPUSD in the Red for Six Weeks appeared first on Action Forex.
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