1. Technical Overview The GBP/USD pair trades around 1.2680 holding on to gains amid broad dollar's weakness, with a modest positive stance in the short term, as despite trading above a daily ascendant trend line coming from this year high, the bullish move lacks momentum, as technical indicators in the 4 hours chart present neutral or bearish slopes within...
1. Technical Overview Chart Tools After the FOMC decision, the GBP/USD pair lost little ground, now trading around 1.2625, offering a neutral-to-bearish stance in the short term, given that, in the 4 hours chart, its hovering around a directionless 20 SMA and still well below a bearish 200 EMA, while technical indicators turned lower, now piercing their...
1. Technical Overview The GBP/USD currency pair continues to slide lower in a downward sloping trend on a daily chart. The daily swings were massive over the course of last week with daily ups and downs of more than 1% framed by 1.2722 on the downside and 1.3070 on the upside while the currency pair settled at around 1.2850. With Brexit deal about to be approved,...
The GBP/USD pair is seen flirting with the 1.30 handle, as we progress towards the European trading, having stalled the overnight bounce near 1.3035 region, as attention now turns towards the crucial UK Cabinet meeting on the Brexit deal and inflation figures. 1. Technical Overview The pair lost the 1.3000 level but holds on to daily gains and down for the week....
1. Technical Overview The pair extended its decline after breaking below the 1.3100 figure, now bearish according to intraday technical readings, as in the 4 hours chart the pair is now below a bullish 20 SMA around 1.3095, while technical indicatorsaccelerated their declines entering negative ground, all of which puts the pair at risk of falling further. The...
1. Technical Overview The GBP/USD broke away from the downward sloping trend in a 1-hour chart and appreciated strongly to 1.3085 level. Technical oscillators are pointing to the upside with the Relative Strength Index moving to overbought territory and Slow Stochastics already in the overbought territory. The key area of resistance is at 1.3085 representing 23.6%...
The strong Dollar. 1. Technical Overview The GBP/USD is moving in a downward sloping trend framed by a two-week high of 1.3238 and last week’s high of 1.3091. After falling sharply last week, the GBP/USD remained stagnant on Monday this week just above 1.2800. The UK Chancellor of Exchequers Phillip Hammond lifted the UK GDP forecast but failed to support...
1.Technical view Meanwhile, the pair remains near the multi-month low of 1.2776 hit last week, and technically bearish according to intraday technical readings, as the pair is below a strongly bearish 20 SMA, which capped an early attempt to advance and is currently around 1.2840, while technical indicators turned south, the Momentum accelerating to fresh daily...
1.Technical Overview The daily chart for the GBP/USD pair shows that it closed Friday little changed, also that the bearish technical stance prevails, as indicators have barely stalled their slides at their weekly lows, while the price has extended its decline well below its moving averages, with the 20 DMA currently at around 1.3040. 2. Fundamental overview The...
The price is at Fib 0.618 level. Wait for a reversal pattern
1. Technical Overview The GBP/USD pair consolidates around 1.3100, not far below a 1.3122 high. The pair is biased higher according to intraday technical readings, as in the 4 hours chart, an intraday retracement resulted in a sharp recovery once the price tested a bullish 20 SMA, currently at 1.3030. Technical indicators maintain their strong upward slopes well...
1. Technical Overview The GBP/USD pair offers a bullish short-term stance, as in the 4 hours chart, it's still finding buyers on dips toward a bullish 20 SMA. Technical indicators in the mentioned chart maintain their bullish slopes near overbought levels, with no signs of upward exhaustion. The pair has an immediate resistance in the 1.3090 price zone, and a...
1. Fundamental Overview The GBP/USD pair faded a knee-jerk spike to levels beyond the key 1.30 psychological mark and quickly retreated around 40-50 pips from over one-week tops touched earlier today. The British Pound rallied hard across the board after the EU's chief Brexit negotiator Michel Barnier said that they are open to discussing other backstops with...
From the 4h chart, the price is supported at fib 618 level, And now another reverse signal seems formed. So my view is going short. Note: I am an intraday trade, short tf trader, so I am here just to predict the future possible trend. Based on the trend, I will place trade on short tf Thanks