AAresearchFX

AAresearchFX Updated 

Technical Analysis: GBPUSD price retracement priced at 1.33/35 level, a Short entry range. GBPUSD immediate short phase target priced at 1.318 in subsequent trading days. GBPUSD price successfully breached the 1.338 yearly resistance to test the 1.35 higher high last week. GBPUSD MACD indicator signals a diminishing bull volumes as price bull...

AAresearchFX Updated 

TECHNICAL ANALYSIS EURUSD price action gives a strong pullback reversal at 1.09 support. EURUSD responds to market sentiment after ECB introduces QE after deposit rate cut. EURUSD bullish buildup is currently supported by strong convergence of leading indicators, as likelihood of fed rate cut next week is high.

AAresearchFX

FUNDAMENTAL ANALYSIS: The Fed interest rate announcement today will set the inverse trend pace between gold (XAUUSD) and the US dollar (DXY) The Fed leaving interest rate unchanged set the tone for possible rate cut in coming months. The Fed is expected to cut interest rate at least two times by end of 2019. Gold trends upward which in effect...