GBP/USD Technical Analysis & Daily Chart

The pair will be moving with some volatility today amid a series of economic reports.

Technical Analysis
07 Sep 2017
GBP/USD Technical Analysis & Daily Chart

For the pound we expect the output of the annual and monthly Halifax Housing Price Index today at 10:30 (GMT +3). Regarding the dollar, in the US there will be a number of news related to the level of unemployment and productivity outside agriculture, released around At 15.30 (GMT +3). At 18.00 (GMT +3) the United States will announce the level of crude oil stocks, which will also greatly affect the market.

At the moment the pair is trading above the level of 1.3020. Yesterday towards the evening it reached 1.3081. However, the main resistance level was 1.3070 (on the body of the candles), from which the price went back. Currently we have a correction in the uptrend. The resistance levels and entry points of the buy position can be taken at 1.2960 (at the 38.2 Fibo level) or with a strong correction, 1.2920 (the beginning of the previous wave). During the release of news data, the pair may be volatile and multidirectional.

Support and resistance levels: 1.2890 1.2960 1.3015 1.3070 1.3120 1.3250

SuperForex
USD/SEK: Review & Forecast

Technical Analysis

USD/SEK: Review & Forecast

The SEK achieved its level from November 2014 thanks to the weakened USD.

SuperForex
06 Sep 2017
USD/CHF Technical Analysis & Daily Chart

Technical Analysis

USD/CHF Technical Analysis & Daily Chart

With the recent development we see a potential for further growth in the USD/CHF rate.

SuperForex
05 Sep 2017
GBP/AUD Technical Outlook after the Cash Rate Didn't Change

Technical Analysis

GBP/AUD Technical Outlook after the Cash Rate Didn't Change

The GBP/AUD is still trading inside the channel, and we have a sell opportunity.

SuperForex
05 Sep 2017