Abstract：The Australian-based forex broker Pepperstone has announced that it has joined forces with the Australian football team Geelong Cats.
Football, or so-called soccer in the United States, has been considered one of the most preferred sports marketing channels for financial services firms. According to Sportsquake, online brokers spent $125 million on football deals in the 2020-21 season.
The Australian-based forex broker Pepperstone has announced that it has joined forces with the Australian football team Geelong Cats on March 17, 2023. To specify the issue, Pepperstone released a statement about this partnership. It stated: “We are incredibly excited to announce that Pepperstone is the Official Online Trading Partner of Geelong Cats! Being Australian-born, we are proud to be part of the AFL community and sponsor a team with an unrivaled legacy. Together we will chase greatness. Go CATS!”
As a reputable forex broker with much trading experience, Pepperstone has announced several cooperation in the sports area of Australia. Therefore, it is not the first time Pepperstone has expanded its presence in the sports field. On the other hand, as a top Australian soccer group, the Geelong Cats has gained a lot of achievement in the Australian Football League seasons. The cooperation between the two will definitely bring significant changes as we can predict.
Founded in 2010, Pepperstone is a forex broker located in Melbourne, Australia. Investors can trade over 1200 instruments. It offers more than 70 currency pairs and CFDs on indices, shares, commodities, and cryptocurrencies. Pepperstone is a regulated broker. The trading experience of many years has contributed to its unshakeable status in the forex market. And WikiFX has given this broker a decent score of 8.94/10.
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GBP/USD remains subdued within a two-week bearish channel, facing resistance at a crucial confluence of key moving averages. The relative strength index (RSI) holds steady and the MACD signal is bullish, providing some respite for GBP bears. The 78.6% Fibonacci retracement level and previous monthly low act as attractive levels for short positions.
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The study analyzed about 37,000 forex candles, identifying over 200 Bearish Engulfings (BEs), suggesting BEs serve better as market peaking signals rather than reversal ones. While the average post-BE trend showed a slight downward bias, about 2/3 stayed below the peak, indicating potential predictive power.