GBP/USD continues depreciating

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 65% 66% -1.54%
Shorts 35% 34% 2.86%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Buy
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

During Friday's trading session, the currency exchange rate passed through the support of the monthly S1 at 1.2596 to end the trading session at the 1.2575 mark. During Monday's morning hours, the British Pound was resisted by the 100-hour SMA to trade at the 1.2577 mark. 

It is expected that the British Pound will depreciate against the US Dollar to continue trading downwards the weekly S1 at the 1.2457 mark. The 100-hour SMA will resist the rate to push the rate to depreciate during the day. 

However, the currency exchange rate could break the resistance levels of the technical indicators to trade near the descending medium pattern line at the 1.2650 mark.

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.