GBP/USD might appreciate to 1.3250

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs39%39%0.4%
Shorts61%61%-0.3%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

During Tuesday's trading session, the British Pound depreciated against the US Dollar to pass through 200-hour simple moving average. During Wednesday's midnight hours, the rate kept depreciating to trade at the 1.3188 mark. 

In regards to the near-term future, most likely, the British Pound will appreciate against the US Dollar to break the resistance levels of the 55-hour and the 200-hour simple moving averages. It is expected that the rate might end the day at the 1.3250 level.  

On the other hand, the resistance level of the 200-hour simple moving average could retrace the rate to push it to pass the weekly PP at 1.3276.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.