GBP/USD Technical Analysis & Daily Chart

Technical Analysis
03 oct. 2017
GBP/USD Technical Analysis & Daily Chart

The pound-dollar pair is now demonstrating a downward movement. Our price is under the slow moving MA (120), which now becomes our support level.

Against the backdrop of not the most optimistic data on business activity in the industrial sector of the United Kingdom, we continue to observe the strengthening of the dollar against the British currency. That signals a possible slowdown in economic growth.

Our technical indicators also indicate a downward movement. The pair is delayed near stronger, day-time Fibo levels.

That is why at the moment it is recommended to look for points to enter short positions.

Support and resistance levels:

1.3350

1.3300

1.3225

1.3200

1.3160

1.3100

SuperForex
GBP/AUD Technical Outlook before the Cash Rate

Technical Analysis

GBP/AUD Technical Outlook before the Cash Rate

Looking for new highs after breaking the price channel.

SuperForex
02 oct. 2017
Trump’s Tax Reform

Technical Analysis

Trump’s Tax Reform

How does this new suggested legislation affect the US economy?

SuperForex
29 sept. 2017
CAD/JPY: Fundamental Review & Forecast

Technical Analysis

CAD/JPY: Fundamental Review & Forecast

The CAD achieved the level from November 2015 and has a potencial for further growth. The Yen is under pressure due to weak economic indicators and political instability.

SuperForex
29 sept. 2017