GBPUSD breaks out of triangle but 200-day SMA curbs advance Despite a mild pullback, the bulls conquer the 50-day SMA Oscillators suggest that positive momentum is picking up GBPUSD had been forming a profound structure of lower highs and lower lows since its 16-month peak of 1.3141. Although the pair’s latest attempt to recoup some losses got […]
The post GBPUSD Enters Ichimoku Cloud after Claiming 50-SMA appeared first on Action Forex.
Key Highlights USD/JPY started a downside correction below 158.80. It traded below a bullish trend line with support at 158.85 on the 4-hour chart. EUR/USD started a recovery wave and traded above 1.1550. Gold prices Read more…
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New Zealand’s trade balance reported a deficit of NZD -257m in February as imports surged far ahead of modest export gains. Goods exports edged up just 0.4% yoy to NZD 6.6B, while imports jumped 12% Read more…