GBP/USD Technical Analysis

The pair is updating price lows.

Technical Analysis
09 aug. 2018
GBP/USD Technical Analysis

We observed that during yesterday's trading session the pair updated its annual lows and found a new level of resistance near the mark of 1.2860, leading it to a correction.

The dollar index continues to demonstrate the strength of the reserve currency and is near the maximum annual values.

Today, we expect the US Producer Price Index for June, as well as an estimation of the UK’s GDP growth, although at the current time it is unlikely to see a trend correction.

Therefore, we will expect the price to overcome the current level of support and look for points to enter short positions.

We believe that the next psychological level for the pair will be at 1.28, near which we recommend to set the Take Profit levels. Otherwise, a correction option may be applied to the upper level which is at 1.2960.

SuperForex
NZD/USD: Fundamental Review & Forecast

Technical Analysis

NZD/USD: Fundamental Review & Forecast

The consolidation phase for the NZD/USD is likely to continue. However, in the near future we can still expect further decreases in the rates to the minimum 0.668 USD.

SuperForex
08 aug. 2018
AUD/USD Technical Analysis

Technical Analysis

AUD/USD Technical Analysis

The pair has gone up.

SuperForex
07 aug. 2018
EUR/USD Technical Analysis & Daily Chart

Technical Analysis

EUR/USD Technical Analysis & Daily Chart

A strong sell is recommended for this pair today.

SuperForex
06 aug. 2018