JamieHolmes
Long

Using Linear Regression to BUY GBP-USD

FX:GBPUSD   British Pound / U.S. Dollar
255 0 2
The GBP-USD             rate earlier breached the -2 standard deviation and has since moved back up towards the mean over the past 100 periods. the chart shows that price has returned back above the -1 standard deviation in the last hour. Long positions should be taken, as the rate will be expected to return to the middle regression line and possibly extending to the +1 standard deviation at 1.6390-1.6400.

The markit services PMI and composite PMI are expected in the next hour for the US and both are expected to decline from last month's reading, which will help to extend the gains made by the GBP-USD             . A lower than expected reading could see the rate tend towards the +1 standard deviation and to the Fibonacci resistance level at 1.6392.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
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