GBP/USD breaches minor trend-line

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 48% 45% 6.25%
Shorts 52% 55% -5.77%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Sell
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The Sterling remained stable against its American counterpart on Tuesday morning, being stranded between the weekly PP and the 200-hour SMA. The latter, likewise strengthened by the 55-period (4H) SMA, proved to be stronger, thus sending the pair down to the 55-period moving average. 

A short-term trend-line was breached to the downside along the way. This suggests that the bearish momentum might continue dominating the pair in this session, as well. The same signals are given by technical indicators which are generally tended south. 

This scenario would mean a breakout of the 100-hour SMA at 1.3075 and a fall down to the monthly S1 near 1.30. Even if this decline is not significant, bullish gains are not likely to exceed the 55-period SMA at 1.3150.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.