GBP/USD Technical Analysis

Technical Analysis
05 मार्च 2018
GBP/USD Technical Analysis

Today, despite the turmoil last week, the US dollar index stayed above the 90.00 mark.

Data on business activity in the services sector of the United Kingdom will be published today, and the index of business activity in the non-manufacturing sector will also be published in the United States.

During a speech on Friday by British Prime Minister Theresa May the British currency's rate strengthened.

During a speech by Jerome Powell on Thursday the US dollar, on the contrary, began to lose its previously occupied positions. The dollar was losing value relative to the basket of major currencies.

Looking at our chart, we see that the price is near the strong level of 1.38 and over the previous two days has demonstrated growth. Given the overall downward trend, we advise you to wait for the correction to finish and look for points to enter short positions. However, at the moment it is possible to enter the market for long positions, but with small Stop-loss and Take-profit orders.

Currently the support and resistance levels are at 1.3790 and 1.3850, respectively.

SuperForex
Trump’s Metal Tariffs

Technical Analysis

Trump’s Metal Tariffs

President Trump announced tariffs on steel and aluminum exports, leaving the global markets in shock yesterday.

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AUD/CAD: Fundamental Review & Forecast

Technical Analysis

AUD/CAD: Fundamental Review & Forecast

Investors are waiting for the data about Canada's GDP. The CAD can get support from that today. The short deals seem most effective.

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EUR/USD Technical Analysis & Daily Chart

Technical Analysis

EUR/USD Technical Analysis & Daily Chart

The pair has been declining for a few days and we expect the bearish bias to continue.

SuperForex
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