Fundamental view: The EUR/USD pair has fallen during the week but finished it above the 1.2100 range. The greenback appreciated on risk aversion generated by turmoil in equities markets. Traders looked beyond US first-tier data, instead focused on the individuals; investors craze that stole headlines these days but on the other hand, US data was mostly upbeat. US [...]
GBP/USD pair trades to the downside due to the recent weakness that is caused from the broad risk-off mood and economic fears, retail traders’ restrictions and China’s warning to Taiwan. Also, weighing on the quote could be the EU-UK tussle over the vaccine, Brexit issues and virus worries. Global traders worry about further restrictions on [...]
Gold is trading low from Wednesday after FOMC statement, and traders are awaiting the US Q4 advance GDP release for a fresh direction. XAU/USD lost ground once again on Wednesday after the Fed left its key rates unchanged. Fed left their benchmark interest rate unchanged near zero as they flagged a moderating U.S. recovery and [...]
The Double Bottom Chart Pattern Trading Strategy is a price action trading strategy and is considered as bullish reversal chart pattern and the Double Bottom Trading strategy is opposite of the double top chart pattern strategy. A double bottom chart pattern is made up of two bottoms or lows that are roughly equal with a [...]
