JuliaFX

Forex Forecast for 19-23 October 2015

FX:GBPUSD   British Pound / U.S. Dollar
First, a review of the previous week:
The GBP/USD             pair was predicted to first hit the bottom around 1.5250 and then to spike up at least to resistance at 1.5450, which took place. Although some adjustments were made by inertia – in its fall, GBP/USD             made it to 1.5200 but then quickly returned to the indicated support level of 1.5250. The maximum turned out to be slightly higher at 1.5500 while 1.5450 became the point the pair returned to by the end of the week.

Forecast for the coming week. Summarizing the views of several dozen analysts from world leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, the following can be said:
Most experts, graphical analysis and indicators on H4 and D1 believe that GBP/USD             will be moving in a 1.5420-1.5500 range for some time. Further forecasts diverge: 23% of the analysts, fully supported by the indicators, insist the pair will rise to around 1.5570-1.5600. Graphical analysis differs – the pair should go down to support at 1.5350.

Roman Butko, NordFX
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out