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13 Mar 2020

GBP/USD: Another small downside move would indicate a correction

The cable Mid-March's daily chart is pointing to further, yet limited falls. Yohay Elam, an analyst at FXStreet, examines the GBP/USD pair from a  technical perspective.

Key quotes 

“GBP/USD has been on the back foot and the Relative Strength Index on the daily chart is just above 30 – currently outside oversold conditions, but only just. Another small downside move and it would already indicate a correction.” 

“Support awaits at 1.2405, 1.23, and 1.22.”

“Resistance is at 1.2495, 1.2625 and 1.2720.”

Mar 13, 2020

Copper: Potential top and bearish continuation – Credit Suisse

Copper (LME) is testing its key medium-term support at the 2019 low at $5518/5433, as strategists at Credit Suisse notes. Key quotes “Copper (LME) is
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Mar 13, 2020

EUR/USD: Bullish potential remain capped

The EUR/USD pair is barely holding above 1.1100, and the weekly chat shows that despite the spike, it was unable to extend gains beyond the 100 and 20
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