Technical Analysis Report - GBP/USD
31/08/2016 // 07:24:41 am
The currency Pound lost its position in the consequence of weak data. The U.S dollar strived to grow supported by the expectations of raise in rate this year.
The currency pair, GBP/USD moved downward to reach weekly low.The sterling regained some of its losses in the American Session. The current resistance is observed at 1.3200, the support stands at 1.3100.
The indicators (MACD and RSI) are in a negative area . MACD generates a sell signal. The RSI bounced from the oversold area.
The price returned below the 50-EMA in the 4 hours chart. The 50 and 100 EMAs are moving close to each other in the mentioned timeframe. The 200-EMA is hovering above them.
Analysts are recommending short positions. A downtrend will start as soon as the pair falls below the mark 1.3050.
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