Trading Outlook

DAILY TRADING OUTLOOK: GBPUSD/EURUSD/ GOLD&BITCOIN | MAR 4- 2020

 By:- Shahzad Rabbani. Ex-Commodity Trader.former proprietary trader. Forex Mentor. can contact him at rabbanishahzadfx@gmail.com Whatsapp: +92 302 8146917 Twitter: @rabbanishahzad3 

Market shrug off the central bank’s cut interest rate!

The market players haven’t paid any serious attention towards the cut-rate by US central bank which is historically the biggest one over a decade, it has been substantiated plunging all the index in the US overnight.

Due to the above-said affirmation, we are in view to find trades on a technical basis for the pairs’ supra.

GBPUSD

Selling below 1.2836 FOR THE TARGET OF 1.2697ZONE. WITH STRICT STOP LOSS. 1.2860

EURUSD

SELL@1.11835 FOR TARGETING. 1.10823 WITH STOP LOSS. 1.12742.

GOLD

SELLING BELOW 1660 TARGET. 1615 STOP LOSS. 1668.

BITCOIN

SELLING@8828 TARGET. 8634 STOP LOSS. 8910

Please bear in mind that these trades figures are narrated after in-depth research, trend following and market sentiments, however, you should strict with your stop loss and never be exposed more than 1% of your equity for each trade.

have nice trading!