GBP/USD Technical Analysis

The dollar has strengthened.

Technical Analysis
20 फ़र॰ 2018
GBP/USD Technical Analysis

Today the GBP/USD index from Investing was released and amounted to 46.1%. It indicates bearish expectations for the pair.  Yesterday the US stock exchanges were not active due to the celebration of the President's Day holiday and our pair moved downwards.

Today we do not expect the release of significant macroeconomic data from the US.

The growth of the cryptocurrency market may indicate the restoration of stock markets and an interest in risky assets. Therefore, we can now expect the growth of stock indices and increasing interest in the dollar.

Considering our chart and technical indicators, we observe a decrease in the MACD histogram and its direction toward the zero mark. The RSI trend indicator is also directed downward, and the price is located below the moving average MA (23).

Based on this, we will play in favor of the dollar and look for points to enter short positions from the levels 1.4030 and 1.4000. Our goals are the levels of 1.3920 and 1.3850.

On Wednesday and Thursday data is expected to be released, which will either enhance the movement of the pair, or form a reversal model. Since the pound is pressured by trade agreement negotiations between the UK and the EU, which have not been fruitful so far, the market will be volatile during the release of data and public appearances. At this point, entering the market is not recommended.

SuperForex
EUR/USD Technical Analysis

Technical Analysis

EUR/USD Technical Analysis

We are waiting for a bearish movement.

SuperForex
19 फ़र॰ 2018
Global Inflation

Technical Analysis

Global Inflation

This week provided many inflation reports, but what do they mean?

SuperForex
16 फ़र॰ 2018
XAU/USD (Gold_oz): Fundamental Review & Forecast

Technical Analysis

XAU/USD (Gold_oz): Fundamental Review & Forecast

Gold is close to achieving a 5 year's maximum, though there's a probability of a price correction. Deals on the trend seem the most effective.

SuperForex
16 फ़र॰ 2018