In my morning forecast. I focused on the 1.3536 level and planned to make trading decisions based on it. Let's take a look at the 5-minute chart and see what happened. A rise and formation of a false breakout around 1.3536.
On Tuesday, the GBP/USD currency pair also showed a downward movement, although the decline and the day's volatility were relatively weak. Once again, the market effectively ignored the macroeconomic background, The minimal reaction from traders was prompted by the jolts report in the U.S., which showed job openings exceeding forecasts, leading to a slight strengthening of the dollar.
Overall, everything remains the same. If the British pound falls, it does so very weakly and for a short time. Whenever there's too much, "chaos," and the dollar grows longer than expected, Trump steps in and puts everything back in its place. Thus, expecting a sustained rise in the dollar remains extremely difficult. Technically, The pair remains above the indicator lines, so the uptrend is intact despite the price breaking out of the ascending channel.
As the global trade war situation continues to worsen, the dollar lacks medium-term growth prospects. For the market, the trade war factor is currently the only thing that matters; practically all other factors are being ignored.
On Tuesday, the GBP/USD currency pair also showed a downward movement, although the decline and the day's volatility were relatively weak. Once again, the market effectively ignored the macroeconomic background, The minimal reaction from traders was prompted by the jolts report in the U.S., which showed job openings exceeding forecasts, leading to a slight strengthening of the dollar.
Overall, everything remains the same. If the British pound falls, it does so very weakly and for a short time. Whenever there's too much, "chaos," and the dollar grows longer than expected, Trump steps in and puts everything back in its place. Thus, expecting a sustained rise in the dollar remains extremely difficult. Technically, The pair remains above the indicator lines, so the uptrend is intact despite the price breaking out of the ascending channel.
As the global trade war situation continues to worsen, the dollar lacks medium-term growth prospects. For the market, the trade war factor is currently the only thing that matters; practically all other factors are being ignored.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
DAILY FREE SIGNAL. FREE SIGNAL (95% accuracy) TP AND SL PROVIDED
In This Channel, i Will Provide you a profitable Scalping And Swing Trade Follow My Signals
PUBLIC TELEGRAM CHANNEL
t.me/CEO_PREMIUM_ANALYSIS
In This Channel, i Will Provide you a profitable Scalping And Swing Trade Follow My Signals
PUBLIC TELEGRAM CHANNEL
t.me/CEO_PREMIUM_ANALYSIS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.