Good day dear colleagues traders!
Your attention is a technical analysis of the currency pair: #GBPUSD / GBPUSD # 3
#Technical analysis (D1):
The currency pair met with resistance traditional for this year - the 200-day moving average. As in previous times, the currency pair loses its speed and reduces volatility.
Meanwhile, we are all continuing smoothly located in the global downward channel, more locally in the triangle that holds back the current movement.
The resistance level for this triangle: 1.2720-1.2750.
Support level for this triangle: 1.2400-1.2380.
#Technical analysis (H4-H1):
On the lower timeframes, the upward channel is preserved and the current formation allows us to assume the fourth test attempt at 1.2670.
In general, the currency pair is holding well, but volatility tells us about the potential consolidation of global resistance.
#Indicative analysis (H4):
1. The 2nd MACD is trying to draw a U-turn.
2. RSI descended from the oversold zone to normal.
3. Keltner gave a signal for a trend reversal.
# Global variables:
A) Volatility:
- Daily volatility: 100 points
- Weekly volatility: 208 points
- Monthly volatility: 266 points.
#Forecast:
The main forecast for the current week is bullish, as the pair continues to be in the upward channel and enjoy steady demand when approaching the lower border.
The objectives of this movement are: 1.2720-1.2750.
An alternative forecast includes breaking the uptrend and fixing below.
In this case, we recommend opening sales with targets at 1.2532 and 1.2450.
Kindly regards
WMCI
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Your attention is a technical analysis of the currency pair: #GBPUSD / GBPUSD # 3
#Technical analysis (D1):
The currency pair met with resistance traditional for this year - the 200-day moving average. As in previous times, the currency pair loses its speed and reduces volatility.
Meanwhile, we are all continuing smoothly located in the global downward channel, more locally in the triangle that holds back the current movement.
The resistance level for this triangle: 1.2720-1.2750.
Support level for this triangle: 1.2400-1.2380.
#Technical analysis (H4-H1):
On the lower timeframes, the upward channel is preserved and the current formation allows us to assume the fourth test attempt at 1.2670.
In general, the currency pair is holding well, but volatility tells us about the potential consolidation of global resistance.
#Indicative analysis (H4):
1. The 2nd MACD is trying to draw a U-turn.
2. RSI descended from the oversold zone to normal.
3. Keltner gave a signal for a trend reversal.
# Global variables:
A) Volatility:
- Daily volatility: 100 points
- Weekly volatility: 208 points
- Monthly volatility: 266 points.
#Forecast:
The main forecast for the current week is bullish, as the pair continues to be in the upward channel and enjoy steady demand when approaching the lower border.
The objectives of this movement are: 1.2720-1.2750.
An alternative forecast includes breaking the uptrend and fixing below.
In this case, we recommend opening sales with targets at 1.2532 and 1.2450.
Kindly regards
WMCI
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Trade closed: target reached:
The received mathematical data of average trends, the news background and the general weakness of the pound make us make the main one - a bearish scenario.
