Technical Analysis Report - GBP/USD
11/08/2016 // 07:05:20 am
Sterling gained position in the market as the US currency got weaker. At the later half of the day Pound gained back some of the losses
The market appears to be gloomy from the technical analysis. Pound partly reversed its losses and grew to the mark 1.3100 where it turned down. The current resistance is observed at 1.3100, the support stands at 1.2900.
MACD remained in the negative zone. MACD grew which indicates the weakening positions of the sellers.
RSI is neutral. The price breached the 50 and 100 EMAs upwards and bounced back from the 200-EMA in the 1 hour chart.
The instrument rolled back from the 50-EMA after touching it in the 4 hours chart. The 50, 100 and 200 Day EMAs are pointing lower.
The pair is now approaching the nearest support level of 1.2900. After breaking the level the way towards 1.2900 will be opened.
29/09/2016 // 07:44:21 am
Pound was weighed by Shafik’s dovish comments (the BOE deputy) as
29/09/2016 // 07:41:12 am
On wednesday, the US currency dollar rose because of profit fixati
27/09/2016 // 10:33:13 am
The dollar remained under pressure against its major rivals as stocks