GBP/USD - Pound to Dollar
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GBP/USD FORECASTSview all
GBP/USD Daily Fundamental Forecast – June 29, 2017
The GBPUSD pair ripped higher on hawkish comments from Carney yesterday and like a similar time a couple of weeks back, the BOE has once again managed to save the pound from falling further. The same thing happened a couple of weeks back, when the pound was in a free fall due to the results … Continue reading GBP/USD Daily Fundamental Forecast – June 29, 2017
Midday Forex Snapshot – June 28, 2017
Euro/Dollar has been slowly trending higher to trade point 33% in the green at noon. The pair has attracted 46% more than typical funds and sentiment of the traders is neutral, 1% short. Gradual rise suggests a successful start of the day is more likely for those who had long positions. Pound/Dollar has walked in … Continue reading Midday Forex Snapshot – June 28, 2017
Tactics and Analysis, June 28, 2017 – Pound Proves Stable & Strong
The Pound has gained early this week and finds itself near important mid-term resistance against the U.S Dollar. The British currency has recovered well since the surprise results of the U.K general election and its stability has attracted speculative buying in the short-term. Pound’s Short-Term Recovery The Pound has provided traders a solid price recovery … Continue reading Tactics and Analysis, June 28, 2017 – Pound Proves Stable & Strong
Forex Trading Signals – June 28, 2017
Good morning traders, you’re watching the Primary Daily Trading Signals for Wednesday. Bullish signals prevail across the chart for the Euro/Dollar, which sees 5 buy prompts in the short-term, 6 in the mid-term and no less than 8 in the long-term, and they indeed are very much in line with the interbank, which stands at … Continue reading Forex Trading Signals – June 28, 2017
GBP/USD NEWSview all
ECB Forum Discussion Will Get Investors Attention
The ECB forum continues today and a Panel Discussion will take place including leaders of the global central banks. Equities have been cautious early. Federal Chairwomen Janet Yellen put a dent into Wall Street yesterday, when she said some equities look ‘rich’. Pending Home Sales numbers will come from the States today. GDP Numbers Tomorrow … Continue reading ECB Forum Discussion Will Get Investors Attention
Draghi and Carney Place the EUR and GBP in the Spotlight, with the USD on the Ropes
The Dollar Spot Index may have looked as though it was on for a rebound through the early part of the Asian session today, but Tuesday’s events and reports were ultimately a burden too heavy to bare, with not only the IMF’s seemingly more aligned with the markets than the FED on the outlook for … Continue reading Draghi and Carney Place the EUR and GBP in the Spotlight, with the USD on the Ropes
Morning Market Update – Swiss Franc Looks for Support
The United States API Weekly Crude Oil Stocks came in at 0.85M versus a previous value of -2.72M. Minneapolis Fed Reserve President Kashkari spoke in a town hall event and stated that another crisis is not approaching for now. The People’s Bank of China set the Yuan midpoint rate at 6.8053 versus yesterday’s fix of … Continue reading Morning Market Update – Swiss Franc Looks for Support
Optimistic Draghi Spikes Euro to Nine-Month High
The Forex market was in focus on Tuesday as volatility was driven by central banker speeches throughout the day. The Euro rose against the U.S. Dollar to a more than nine-month high on Tuesday, boosted by optimistic remarks by European Central Bank President Mario Draghi. The British Pound also advanced following the release of the … Continue reading Optimistic Draghi Spikes Euro to Nine-Month High
GBP/USD Technical Analysis
TECHNICAL SUMMARY
Moving Averages
| SIMPLE | EXP. | WEIGHTED | |
|---|---|---|---|
| MA (5) | 1.2823 | 1.2823 | 1.2823 |
| MA (10) | 1.2822 | 1.2824 | 1.2823 |
| MA (20) | 1.2827 | 1.2831 | 1.2825 |
| MA (50) | 1.2874 | 1.2860 | 1.2845 |
| MA (100) | 1.2903 | 1.2888 | 1.2881 |
| MA (200) | 1.2922 | 1.2922 | 1.2905 |
Trend Indicators
| MACD (12,26,9) | -0.0012 |
| ADX (14) | 33.6104 |
| RSI (14) | 36.7817 |
| Williams %R (14) | -77.4194 |
| Stochastic RSI (14) | 70.9013 |
| ROC (10) | 0.0039 |
| CCI (14) | -15.8743 |
| Ultimate oscillator (7,14,28) | 42.8809 |
| Stochastic Fast (14) | 22.5806 |
| ATR (14) | 0.0011 |
| BBands (20) | 0.0032 |
Pivot Points
| Name | S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| classic | 1.2811 | 1.2816 | 1.2819 | 1.2824 | 1.2827 | 1.2832 | 1.2835 |
| fibonacci | 1.2816 | 1.2819 | 1.2821 | 1.2824 | 1.2827 | 1.2829 | 1.2832 |
| camarilla | 1.2813 | 1.2813 | 1.2814 | 1.2824 | 1.2831 | 1.2832 | 1.2832 |
| woodie | 0.9610 | 0.6407 | 0.9618 | 0.6415 | 0.9626 | ||
| demark | 1.2818 | 1.2823 | 1.2826 |
| Pivot | S3 | S2 | S1 | N | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| classic | |||||||
| fibonacci | |||||||
| camarilla | |||||||
| woodie | |||||||
| demark |