The markets were calm yesterday, the European stocks extended gains, while the S&P500 and Nasdaq consolidated a bit lower than their ATH levels. A $69bn sale of US 2-year debt went well, the US 2-year yield extended losses and the US dollar rebounded from the lowest levels of the year. Crude oil, which rallied to […]
GBPUSD rebounds off 200-day SMA But still holds in trading range in short-term RSI and MACD have weak momentum GBPUSD is making an attempt to climb above the short-term simple moving averages (SMAs), posting three straight green days but is still developing within the three-month trading range of 1.2520-1.2785. According to technical oscillators, the MACD […]
The post GBPUSD Tries to Strengthen Bullish Move Above SMAs appeared first on Action Forex.
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