JuliaFX

Forex Forecast for 28 March - 1 April 2016

FX:GBPUSD   British Pound / U.S. Dollar
First, an overview of last week’s forecast:
The forecasts about GBP/USD’s sharp drop panned out 100%. The pair paused briefly at the lower boundary of the sideways channel – at 1.4360, broke through it and plunged to support at 1.4230. Then, trying to reach last February’s lows, it went even further down to 1.4080.

Forecast for Upcoming Week
Summing up the opinions 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 predicted:
According to the analysts, the prospects for GBP/USD             seem quite ambiguous – 40% of the analysts are for a rise, about the same number are for a drop and 20% predict a sideways trend. However, the indicators and graphical analysis on H4 and D1 clearly point down. With this, GBP/USD             may go up slightly to 1.4170-1.4240, then it should move downwards – first to support at 1.4070, then to 1.3970 and further down to last February’s lows around 1.3850.

Roman Butko, NordFX
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