Live market review with OANDA

The USD has been whipsawed in recent months by geopolitics, de-dollarization fears, and uncertainty over global central bank policy. Yet, as the crosscurrents create currency volatility, astute traders can capitalize on the dislocations. To gain deeper insights into the trends impacting major USD pairs, technical analysis helps spot continuations, reversals, and momentum. And with the recent oil price shock helping and hurting different fiats, it’s an excellent tool to gauge where opportunities lie. 

In this webinar, we’ll explain:

• Which currencies have shown strength and weakness versus the USD
• How to use the RSI, MACD, and Stochastic Oscillator to gauge momentum
• How Fibonacci retracement levels can add secondary layers of support and resistance 
• Risk management strategies to help manage drawdowns during uncertain periods

The GBP/USD has been largely range-bound over the last year, as a resilient U.S. economy helps keep the greenback from losing too much ground. But, with consolidations often giving way to breakouts or breakdowns, the next few months could decide if the pound’s long-term uptrend can continue. To help uncover clues, technical analysis helps traders determine which price levels offer the best risk-reward opportunities. Are the lights flashing red or green for the GBP/USD?

In this webinar, we’ll explain:

• Key support and resistance levels for the GBP/USD
• Whether the GBP is showing relative strength compared to other USD rivals
• How to confirm breakouts and breakdowns, and avoid getting whipsawed by false moves
• Stop-loss strategies to keep drawdowns within your desired risk limits