Ignore the media hype and focus on the charts: USD reversal [Video]

Nathan Bray ACY Securities

In this video, I discuss the importance of focusing on charting key levels in the market rather than getting caught up in the noise from financial news outlets. As traders, we often see dramatic headlines about the US dollar's weakening or predictions of economic doom, but those stories can be misleading. I break down how relying on technical analysis and key support levels can guide us better than media-driven speculation. When the US dollar hit a critical weekly support level, the headlines were still negative, but the charts showed potential for a bounce. Stick to the charts and avoid getting swept up by sensational news.

Author

Nathan Bray

ACY Securities

Experienced Key Strategic Partnership Manager with a demonstrated history of working in the financial services industry. Skilled in FX Hedging, Microsoft Word, Sales, Public Speaking, and Management.

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GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

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