S&P 500 is about to hit its all-time high, analysts say it could continue to move higher. Gold plunges as the dollar recovers, the UK's economy shrank by a record 20%, Tesla announced a 5-for-1 split. The price of Brent oil is $44.98, WTI—$44.98. EUR/USD is at 1.1754, GBP/USD—1.3056, gold is $1,939.00 per ounce. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.
GBPUSD technical analysis
The pair is trading within the general trend in the currency markets, basically following EURUSD. Today’s UK data is unlikely to have a significant impact on the pair, it may fall if EURUSD is under pressure as investors remain negative on risk assets. Keep track of the price movement in real time.
- Trading recommendations: if the pair falls below 1.3000, there is a probability of a local decline to 1.2915.
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. A descending truncated H4 level pattern has formed. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator indicates an oversold condition. Keep track of the rate changes in real time.
- Trading recommendations: buy strictly when an ascending wave pattern is formed, where the wave (as) breaks through the pivot of the second C wave (1.1764).
Trading ideas for Fresenius Se Co. (XETRA)
The 38.55 support level is holding back sellers. Stochastic Oscillator indicates an oversold condition. A breakout of the price pivot zone of 40.47 will result in the formation of an ascending pattern of 1-2-3.
- Trading recommendations: buy above 40.47; Stop Loss: 38.55; target levels: 42.12, 46.22.