GBP/USD - Pound to Dollar
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GBP/USD FORECASTSview all
Midday Forex Snapshot – October 18, 2017
Euro/Dollar was moving South during most of the session, but some of the loss has been recovered in a late rise. Traded volume is extremely low and neutral sentiment of the traders is almost at an even balance. Bears had their chances during the downtrend, but the late rise was good news for bulls. Either … Continue reading Midday Forex Snapshot – October 18, 2017
Forex Trading Signals – October 18, 2017
These are the Main Daily Trading Signals for Wednesday. Here’s how the technicals compare with the interbank at 8 AM GMT. Euro/Dollar sees 4 sell prompts on both its 1 and 4-hour charts, whereas the 24-hour scale turns neutral with 5 models, but the technicals are not confirmed by the interbank, which is bullish at … Continue reading Forex Trading Signals – October 18, 2017
Daily Market Forecast, October 18, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD
The Pound fell on Tuesday as remarks from Bank of England Governor Mark Carny affected the currency. The Euro has come off of lows but remains within its lower values. Gold has seen some buying early this morning. GBP/USD: Pound May Attract Speculators Bank of England Governor Mark Carney helped bring about a loss in … Continue reading Daily Market Forecast, October 18, 2017 – EUR/USD, Gold, Crude Oil, USD/JPY, GBP/USD
Wednesday Support and Resistance Levels – October 18, 2017
Good morning, traders, the team brings you another Support and Resistance Level Report. Euro/Dollar currently has the closest levels of 1 1790 in resistance and 1 1750 in support. Standing near a 20 day moving average, R1 has found 7 matches, and R2 is a 50 day moving average with 4 models. Bollinger Upper Band … Continue reading Wednesday Support and Resistance Levels – October 18, 2017
GBP/USD NEWSview all
New Record Levels Possible on Wall Street, US Futures Point to a Slightly Positive Open
Wall Street may be ready for new record highs today. The Dow Jones Industrials is expected to resume its upwards pace upon opening. Tax reform and quarterly earnings continue to be a focus for investors. Average Earnings Index numbers from the U.K today showed an increase. Dow Jones Industrials to Set New Mark, Indexes Being … Continue reading New Record Levels Possible on Wall Street, US Futures Point to a Slightly Positive Open
The Pound’s Fate Depends on Politicians
The Pound is doing well so far, but the third week of October may change a lot for the British currency. We’re talking not only about the statistical reports, a lot of which are going to be published this week. It’s also about the problems that are in slumber right now but may wake up … Continue reading The Pound’s Fate Depends on Politicians
Market Snapshot – Equity Markets Rampant as the EUR and GBP Soften
Dow Set to Break through 23,000 for a 2nd Consecutive Day The Dow was unable to hold on to 23,000 levels on Tuesday, while the Dow Mini is currently up 54 points as the markets look to take another run at a plus 23,000 close. European equities are in buoyant mood at the time of … Continue reading Market Snapshot – Equity Markets Rampant as the EUR and GBP Soften
UK Inflation at 5-Year High, Pound Falls on Carney’s Comments
The likelihood of a rise in UK interest rates, for the first time in a decade, gained momentum on Tuesday as UK CPI edged up from 2.9% to 3.0% – its highest level since April 2012. Bank of England Governor Mark Carney did nothing to dispel a rate hike as he gave evidence to the UK Treasury … Continue reading UK Inflation at 5-Year High, Pound Falls on Carney’s Comments
GBP/USD Technical Analysis: (1 hour)
TECHNICAL SUMMARY
Moving Averages
| SIMPLE | EXP. | WEIGHTED | |
|---|---|---|---|
| MA (5) | 1.3186 | 1.3187 | 1.3190 |
| MA (10) | 1.3177 | 1.3182 | 1.3182 |
| MA (20) | 1.3180 | 1.3183 | 1.3178 |
| MA (50) | 1.3206 | 1.3203 | 1.3190 |
| MA (100) | 1.3244 | 1.3214 | 1.3223 |
| MA (200) | 1.3205 | 1.3205 | 1.3226 |
Trend Indicators
| MACD (12,26,9) | -0.0005 |
| ADX (14) | 22.1889 |
| RSI (14) | 55.6754 |
| Williams %R (14) | -15.0568 |
| Stochastic RSI (14) | 99.496 |
| ROC (10) | 0.3062 |
| CCI (14) | 181.6496 |
| Ultimate oscillator (7,14,28) | 54.436 |
| Stochastic Fast (14) | 84.9432 |
| ATR (14) | 0.002 |
| BBands (20) | 0.0049 |
Pivot Points
| name | s3 | s2 | s1 | pivot | r1 | r2 | r3 |
|---|---|---|---|---|---|---|---|
| classic | 1.3174 | 1.3181 | 1.3190 | 1.3197 | 1.3206 | 1.3213 | 1.3222 |
| fibonacci | 1.3181 | 1.3188 | 1.3191 | 1.3197 | 1.3204 | 1.3207 | 1.3213 |
| camarilla | 1.3179 | 1.3181 | 1.3182 | 1.3197 | 1.3217 | 1.3218 | 1.3218 |
| woodie | N/A | 0.9882 | 0.6591 | 0.9898 | 0.6607 | 0.9914 | N/A |
| demark | N/A | N/A | 1.3194 | 1.3199 | 1.3210 | N/A | N/A |
| name | s3 | s2 | s1 | pivot | r1 | r2 | r3 |
|---|---|---|---|---|---|---|---|
| classic | |||||||
| fibonacci | |||||||
| camarilla | |||||||
| woodie | |||||||
| demark |