Analyst
The common currency traded slightly higher against the Cable in yesterday's session after a 2 days retracement from around the 0.85913 resistance zone. The Cable lost some ground after reports suggest that the EU were preparing a retaliatory package against the UK in case it triggers Article 16, but the report was quickly dismissed, lending some strength to the Queen's currency. The pair appears balanced at the moment with no key economic data scheduled to be released with the expected impact on any of the two currencies.
The pair broke the 50 and 21 EMA to the downside earlier this morning with a retest around the Moving Average expected around the 0.85432 price level before a push to the downside with a target at 0.84955 and a stop loss at 0.85630
No major economic data with bearing on the pair.
Instrument: GBPAUD
The pair continued its recent rally in Yesterday's session buoyed by the slightly hawkish stance of the Deputy Governor of the Bank of England, Broadbent, where he stated that " Labour market constraint will ease over time". I expect the release of positive PPI data from China earlier today to boost the commodity supported Aussie, as most of the industrial input used by China is supplied by Australia, meaning that the country earns more on some of these inputs.
The pair is showing some signs of rejection around the 1.84105 resistance zone, hinting towards a move to the downside with take profit at 1.82606 and stop-loss at 1.84300
No major economic data with bearing on the pair.
When I joined the Rally family, I had zero knowledge about forex. I attended their seminars and lectures and it was a thorough and quality experience. Talking about my success in forex , it’s a steady process , I’ve enjoyed lots of profits and a few losses. I’m grateful for the rally trade foundation I have, I look to grow from under the wings of Rally.
Kobi
I was told I could make money in my comfort zone, then I thought; “this could actually happen in my dreams”. But guess what, I made money and I’m still making money in my comfort zone with RALLY TRADE. To my account manager OLUWASEUN: thank you for keeping to your words and for being nice at the same time, thank you for having my back, you’re the best.To RALLYTRADE: thank you for this opportunity and for letting me know I could do more and better with myself..
Ebere Uzodinma
I am so much impressed not by anybody's action or motivation to pronounce my encounter with rally trade company. I would love to say this company has done so much in my life; personally. I listen to a radio station programme about a seminar/training on how to trade forex, I planned to attend though I don't believe it will work for me. After the training I got a call from one of Rally trade staff, in person of Tamuno who done so much to convince me to go in for the trade. This young girl have been so impacting since I stated the trade and she has never for once ignore my request for support and advice; I so much appreciate you...
Oluwatuyi Timileyin Samuel
THANK YOU, THANK YOU, THANK YOU Rally trade team for the excellent work you are doing. I recommend rally trade for anyone who want to profitably trade Forex on a consistent basis.
Oluwaseun Kayode
I have been with rally trade broker for one year now, they are reliable broker and they have excellent performance in term of training, customer service and prompt payment of profit withdrawal. Morealso, i am also beneficiary of one of their partner program (introducing broker) which I have been receiving payment for monthly commission on it. I recommend Rally trade to d prospective individual and company that intend to trade in forex . Thanks to Rally Trade
Adefuwa Ayodele