by richmond | Feb 4, 2020 | Daily Analysis
04 February 2020 Morning Session Analysis Pound plunged amid to fears of “hard-Brexit” Pound Sterling slumped on yesterday following risk upon the hard-Brexit escalated. On the Brexit front, the UK Prime Minister Boris Johnson set out...
by richmond | Feb 3, 2020 | Weekly Analysis
03 February 2020 Weekly Analysis GCMAsia Weekly Report: January 27 – 31 Market Review (Forex): January 27 – 31 US Dollar The dollar index which measure its value against a basket of six major currency slumped in last week following a string of...
by richmond | Feb 3, 2020 | Dollar_indx
DOLLAR_INDX, H4: Dollar index was traded lower following prior breakout below the previous support level at 97.25. MACD which illustrated increasing bearish momentum suggest the index to extend its losses toward support level at 96.95. Resistance level: 97.25,...
by richmond | Feb 3, 2020 | GBP/USD
GBPUSD, H1: GBPUSD was traded lower following prior retracement from the resistance level at 1.3200. MACD which illustrated diminishing bullish momentum suggest the pair to extend its losses toward support level at 1.3140. Resistance level: 1.3200, 1.3250...
by richmond | Feb 3, 2020 | EUR/USD
EURUSD, Daily: EURUSD was traded higher while currently testing the resistance level at 1.1095. MACD which illustrated increasing bullish momentum suggest the pair to extend its gains after it successfully breakout above the resistance level. Resistance level:...