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On H4 chart, there is a return of the downward dynamics after correction, and the instrument is traded between the lower and middle lines of Bollinger Bands. MACD histogram is near the zero level, and its volume is minimal, the signal line is reversing down.1.3100, 1.3080, 1.3050, 1.3025, 1.3000.
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GBPUSD DOWN TREND NEXT MONTH
GBP continues falling against USD. Sales of the British currency were caused by weak macroeconomic data.Housing Prices index amounted to 2% YoY, which is better than the forecast of 1.7% but is significantly worse than the value in the previous month. Consumer Confidence index remained unchanged at the level of 10.7 points. The monetary policy of the British regulator does not add optimism as well: the interest rate remained unchanged at the level of 0.5%. The asset repurchase program also remai…
GBPUSD UP TREND
GBP/USD has broken a downtrend, MACD is looking to enter the positive territory and 1.3345 level has provided support. Hence, we may see a correction to 1.3400-1.1600 1.3565 to open 1.3624
GBPUSD UP TREN NEXT MONTH
The pair is trading around the support level 1.3600, which will be the key one in the struggle of “bears” and “bulls” in the short term. On the 4-hour chart, the pair was corrected to the middle line of Bollinger Bands. MACD histogram is in the negative zone, keeping a signal to open short positions.
Resistance levels: 1.3800, 1.3860, 1.3910, 1.4065.
Support levels: 1.3710, 1.3700, 1.3670.
Resistance levels: 1.3800, 1.3860, 1.3910, 1.4065.
Support levels: 1.3710, 1.3700, 1.3670.
GBPUSD UP TREND
The pair is trading between the upper border and the middle line of Bollinger Bands. MACD histogram is in the positive zone, keeping the steady signal to open long positions.Resistance levels: 1.4185, 1.4215, 1.4290, 1.4345
GBPUSD UP TREND NEXT MONTH
Technical indicators continue to show a growth signal, MACD indicates the preservation of a high volume of long positions, and Bollinger Bands are directed upwards.Support levels: 1.4000, 1.3925, 1.3900, 1.3830, 1.3765, 1.3650, 1.3600, 1.3570.Resistance levels: 1.4070, 1.4140, 1.4175, 1.4280, 1.4345.
GBPUSD UP TREND NEXT MONTH
On the H4 chart, the instrument grows along the upper line of Bollinger Bands, the price range is widened, which indicates a possible continuation of the uptrend. MACD histogram is in the positive area keeping a signal for the opening of long positions. Buy orders may be opened from the current level with the target at 1.4200 and stop-loss at 1.4340 .Short positions may be opened from the level of 1.3910 with the target at 1.3825
GBPUSD UP TREND NEXT MONTH
British currency against US dollar is no exclusion. It should be mentioned that since the beginning of the month the pair GBP/USD has been trading in side consolidation, but this channel was much wider in the first half of the month. Right now it is narrowing down and amounts to approximately 150 points.In the short term the pair will continue to trade in the narrowing side channel after which the preservation of long-term upward trend is likely.
Support levels: 1.3350, 1.3320, 1.3300, 1.3270,
R…
Support levels: 1.3350, 1.3320, 1.3300, 1.3270,
R…
GBPUSD DOWN TREND NEXT MONTH
Analysis: supposedly, a descending correction of senior level in the form of the wave (2) continues to form within the 4-hour time frame. Apparently, the wave C of (2) is developing locally, with an ascending correction of junior level ii of C nearing completion inside. If the presumption is correct, the pair may be expected to continue falling to the level of 1.2980 once the correction has finished. The level 1.3300 is critical in this scenario.
GBPUSD DOWN TREND NEXT MONTH
MACD indicates that momentum is improving, but it remains in Bullish territory. I expect the histogram as well as moving average to approach the centerline during the expected move lower. RSI is trading in territory and a breakout should initiate the rally.Current Level (a) 1.3268 I expect the pair to be trading near 1.3030 towards the end of the forecast period which will conclude on the 1st of December, 12:00 GMT Ideally, the pair will follow the expected price path as outlined (b) on the char…