GBP/USD Technical Analysis

We are waiting for a bearish movement.

Technical Analysis
30 Jan 2018
GBP/USD Technical Analysis

To date, our pair has moved away from the previously reached highs and has been hovering around the level of 1.4310. The data released today from the UK showed mixed dynamics and did not significantly support the British currency. Furthermore, the pound began to weaken against the background of leaked data that the British economy will be worse in any of the three Brexit scenarios.

After Friday's speech by Donald Trump at the World Economic Forum in Davos, the dollar index stopped its decline and moved away from the lowest level since December 2014. Today the head of the White House will address the Congress with a report on the situation in the country. It is quite expected that Donald Trump will also touch on the topic of his economic successes over the past year and, perhaps, will help strengthen the dollar. However, we can accurately note that volatility in the markets will be increased at the time of this speech.

Today we also expect the release of the Consumer Confidence Index for January from the US, which is forecasted at 123.1 versus 122.1 in the previous month.

Therefore, considering our chart, we will look for points to enter short positions. The approximate entry point is 1.4140. The objectives in the medium term are near the levels of 1.4000 and 1.3940.

SuperForex
EUR/USD Technical Analysis

Technical Analysis

EUR/USD Technical Analysis

The pair has reached the limit of its growth.

SuperForex
29 Jan 2018
Highlights from the WEF in Davos

Technical Analysis

Highlights from the WEF in Davos

Today is the last day of the World Economic Forum and Trump is giving a speech.

SuperForex
26 Jan 2018
NZD/USD: Review & Forecast

Technical Analysis

NZD/USD: Review & Forecast

A weak dollar made the NZD strong but now the situation can change due to new economic events. Short deals seem more effective in this situation.

SuperForex
26 Jan 2018