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GBP/USD: consolidating near 27-months low Williams Alligator bearish; ADX and DI bearish; RSI bearish. The British pound is consolidating losses around 27-months low versus the US dollar. The recent bearish performance shows a second close of four-hour candlestick below a psychological round-figure mark of 1.2000 dollars per pound. On top of that, the […]
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Author: Welcome Khoza
Welcome Khoza graduated from the University of Venda for Science and Technology majoring in Psychology and Finance. For five years, Mr. Khoza was an FX and commodity analyst for a major international brokerage. Welcome is primarily a technical analyst and his 'Chart of the Day' is one of the most viewed features of The Forex Library for traders looking to optimize their trade entry and exit points.
Recent posts by Welcome Khoza
London Market Open – July 6th, 2022
Heading into Wednesday’s trading session, WTI Crude Oil was still trading below $100 per barrel which could be a sign of price action to come in upcoming trading sessions. Oil was currently traing at $99.50. Both Euro and Pound were able to recover some of their deep losses from the previous day with EUR/USD […]
Weekly Technical – USD/ZAR – July 4th, 2022
The US dollar charted its highest weekly close rate versus the South African rand since October 2020. The USD/ZAR currency pair has been delivering multiple buy-signals throughout the last 5 weeks, testing several support levels on the weekly timeframe. The current technical sentiment is in favor of a bullish continuation scenario, according to different weekly […]
London Market Open – July 4th, 2022
Heading into the week, the July 4th Independence Holiday falls on Monday. The markets could still see significant volatility among slightly lighter liquidity. The metals are showing interesting price action early in the week. Gold is hovering just above $1,800 per ounce while Silver is really slumping now below $20.00 per ounce. With further […]
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The Broker you can Trust
A Book Execution Only True ECN
Over 33% lower spreads
5 Star Reviews
Its only Fair,
Fair Forex