AvaTradeGBP/USD Intraday: Uptrend.
2024-03-05 09:40:57
Pivot Point: 1.2665
Trading strategy: Above 1.2665, aim for a bullish target at 1.2705, followed by 1.2720.
Alternative strategy: Below 1.2665, bearish with target levels at 1.2650, followed by 1.2630.
Technical comment: The RSI indicator shows a lack of downward momentum.
(For reference only, from third-party strategy)
The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
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On the first anniversary of the Inflation Reduction Act (IRA), U.S. President Joe Biden highlighted this landmark legislation to the public. However, surveys show that many people are still unfamiliar with its contents.
Fed Chair Jerome Powell stated the strong U.S. economy allows for a measured pace in adjusting interest rates, pressuring the stock market to decline while Treasury yields rise.
The Engulfing Pattern is a Japanese candlestick formation used in technical analysis to assess and predict market trends. It consists of two consecutive candles and is commonly used in stock, forex, and other trading markets.
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