Forget Password

Blog

<< Back

Technical Analysis Report - GBP/USD

29/07/2016 // 05:37:33 am

General outline:

The dollar is facing the heat after the poor Initial Jobless Claims report and the Fed decision to keep the rate unchanged.

 

Present scenario:

The growth halted at the level of 1.3247 where the pair moved downwards and showed a negative dynamic. The instrument ended the day in the negative zone. The current resistance is observed at 1.3300, the support lies at 1.3100.

MACD indicator is at the centre line. If the histogram enters the negative zone, it will point to the growing strength of the sellers. If MACD moves into the positive area the buyers will hold the regime of the market. RSI is still neutral.

The price displayed a brief growth higher than the 50 and 100 EMAs. After reaching the mark 1.3242 the pair moved downwards and then proceeded back between the 50 and 100 Day EMAs.


Trading commendations:

The trend continues to remain bearish. The currency pair GBP/USD is expected to move towards the 1.2900 region on the market.

Share Us :

Recent Posts

Technical Analysis Report - GBP/USD

29/09/2016 // 07:44:21 am

General outline

Pound was weighed by Shafik’s dovish comments (the BOE deputy) as

Read More

Technical Analysis Report - USD/JPY

29/09/2016 // 07:41:12 am

General outline

On wednesday, the US currency dollar rose because of profit fixati

Read More

Technical Analysis Report - GBP/USD

27/09/2016 // 10:33:13 am

General Outline:

The dollar remained under pressure against its major rivals as stocks

Read More

Technical Analysis Report - USD/JPY

27/09/2016 // 10:26:19 am

General outline

The yen strengthened as a safe asset amid a risk aversion. The BoJ chie

Read More


Email: support@ttsmarkets.com

Contact No: +971 589813411