GBP/USD (Pound to Dollar) Forecast

Good morning, traders, you’re watching the Primary Daily Trading Signals. Euro/Dollar’s hourly chart is split between red and neutral models, whereas the 4 and 24-hour scales turn bullish with 4 and 5 studies, respectively, matching the more than 18% long interbank. Neutral signals prevail on the Cable’s short-term chart. The mid and long-term scales bring … Continue reading Forex Trading Signals – July 27, 2017

Throughout 2017 the US Dollar Index (USD) performed a steady, methodical downtrend. USD is a weighted index representing the US dollar’s value relative to a basket of other global currencies. Its largest constituent, the Euro (EURUSD), represents around 57% of the index and has been in an uptrend since the start of the year. Accordingly, strength … Continue reading US Dollar at Critical Juncture

EUR/USD The pair went on a sideways movement during the Wednesday’s trade and seems to consolidate between the 1.1625 level and 1.17 level. The mildly dovish FOMC statement will lift the market higher and aim for the target 1.1850 levels. Over a couple of days of trading, the market seems to have made 1.15 level … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 27, 2017

EUR/USD: Euro Must Be Watched by Traders The Euro has gained very well since the release of the U.S central bank’s policy statement. The Euro is firmly above the 1.17 level against the U.S Dollar. The European currency will be important to watch over the next two days, as it tests long term highs not … Continue reading Daily Market Forecast, July 27, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out. Euro/Dollar went up yesterday, and it now has R1 of 1 1750 and S1 of 1 1710. Price Channel Indicator Upper Line is among the 3 models for R1, and R3 is a psychological level with 2 studies. … Continue reading Thursday Support and Resistance Levels – July 27, 2017

The GBP/USD pair initially went sideways during the session on Wednesday, but found the 1.30 level to be supportive enough to continue to push this market to the upside. I think that the market will eventually try to break out, but with the FOMC announcement coming out later during the Wednesday session, the markets were … Continue reading GBP/USD Forecast July 27, 2017, Technical Analysis

We had mentioned in our forecast yesterday that the support region in the GBPUSD pair seems to have risen from the 1.28 region to the 1.30 region and that this region would be the line in the sand going forward. This turned out to be correct as we saw the pair use this region as … Continue reading GBP/USD Daily Fundamental Forecast – July 27, 2017

Euro/Dollar has moved back and forth in a total range of just 41 pips. Traded volume is average and neutral sentiment of the traders is leaning towards the short side by 8%. Both sides have seen some chances, but the narrow price movement range is what should limit upside potential. Pound/Dollar’s gradual decline was followed … Continue reading Midday Forex Snapshot – July 26, 2017

Good morning traders, the team brings you the Main Daily Trading Signals for Wednesday. The first pair for this report is the Euro/Dollar, which sees 5 sell prompts on both its 1 and 4-hour charts and 5 bullish signals on its 24-hour scale. The interbank is bullish as well at more than 19% long, matching … Continue reading Forex Trading Signals – July 26, 2017

EUR/USD The pair tried to rally past the 1.17 level but found enough resistance to fall back during the day. The market is looking for the 1.1850 level in long term and it will find strong support around the 1.15 level which it broke after 2 years of consolidation. FOMC statement from the US which … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 26, 2017

EUR/USD: Sentiment Will be Tested All Day The Euro will be tested leading up to the U.S Federal Reserve’s pronouncements late today. The European currency has held onto its stronger realms, but has not been able to push forward against the U.S Dollar. The 1.1650 mark is a focus for investors and the Euro may … Continue reading Daily Market Forecast, July 26, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

The British pound went sideways during the session initially on Tuesday, but found enough support at the 1.30 level to continue going higher. However, later in the day we ended up seen quite a bit of bullish pressure in the US dollar, as we pulled back towards the 1.30 level. The market looks very well … Continue reading GBP/USD Forecast July 26, 2017, Technical Analysis

The price action in GBPUSD pretty much followed that of EURUSD during the course of the day which was something to be expected due to the lack of economic data in most parts of the world, as this is the last week of the month. So, we saw the pair rising during the early half … Continue reading GBP/USD Daily Fundamental Forecast – July 26, 2017

EUR/USD Although four-month old ascending trend-line, at 1.1690 now, restricted the EURUSD’s upside, the pair continues trading above 1.1615 horizontal-line and is indicating brighter chances to challenge the 1.1690 resistance again. Should the pair manage to surpass 1.1690 on a daily closing basis, the August 2015 high around 1.1715, followed by the 1.1750 and the … Continue reading Technical Update For EUR/USD, GBP/USD, USD/JPY & AUD/USD: 25.07.2017

These are the Main Daily Trading Signals and here’s how the interbank compares with the technicals at 8 AM GMT. First up is the Euro/Dollar with 5 neutral signals on its hourly chart. The mid-term is divided between red and neutral models, and the daily outlook turns bullish with 5 studies, matching the more than … Continue reading Forex Trading Signals – July 25, 2017

The Pound will turn volatile tomorrow when the U.K releases its GDP numbers and the U.S later brings forth the FOMC Statement. The Pound has been stronger in the short term and we expect investors will position themselves ahead of tomorrow’s risk events. Pound Likely to Find Volatility Again The Pound has put in respectable … Continue reading Tactics and Analysis, July 25, 2017 – Pound Needs to be Watched

EUR/USD The pair went through sideways movements on yesterday’s trade and went down towards 1.1625 level which is a support zone also. The market is consolidating before beginning any upward movement. The market will provide traders with a opportunity to buy in dips as the market seems fairly overbought. The 1.15 level is a strong … Continue reading EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 25, 2017

You’re watching the Support and Resistance Level Report for Tuesday. Here’s how our in-house model tests out. Euro/Dollar is trading in the range limited by R1 of 1 1670 and S1 of 1 1630. Price Channel Indicator Upper Line is among the 8 studies for R1, while R2 is a 2 year high with 2 … Continue reading Tuesday Support and Resistance Levels – July 25, 2017

GBP/USD: Reversal Opportunities Today The Pound has continued to hold it higher ground against the U.S Dollar above the 1.30 level. Growth numbers will come from the U.K on Wednesday and in combination with the U.S Federal Reserve’s monetary policy tomorrow, the Pound may continue to see a rather tight range in the coming twenty … Continue reading Daily Market Forecast, July 25, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD

The GBPUSD pair has consolidated and ranged over the past 24 hours but so far, it looks to be well supported. This could imply that the pair is getting ready to make a move upwards as we are seeing some strong support in the 1.30 region but with the month end looming ahead and with … Continue reading GBP/USD Daily Fundamental Forecast – July 25, 2017