GBP/USD Weekly Analysis 26 July 2017
CHARTING
The crucial points are:
GBP/USD pair has been fluctuating strongly in last days, as fundamental announcements published last week regarding the UK and USA has affected the currency pair, specifically, yesterday with the US CB Consumer confidence, which printed out better than expected. Today, the FOMC decision publication is likely to affect all the US Dollar currency pairs.
Charting outcome: Neutral
INDICATORS (computerized T.A)
The crucial points are:
The indicators are not providing a clear message about which direction the trend may follow. The moving averages have kept the same slopes, while the spread between the positive and the negative dynamic has tightened. The trend dynamic has fallen by -20.28%, whilst the market’s volatility has marginally fallen by -2.19%. Finally, the oscillators have moved into marginally overbought levels.
Indicators outcome: Neutral – Marginally bullish
CONCLUSION
Indicators and charting are in favour of neutral outlook. However, the indicators alone also indicate the marginally bullish outlook as well. If the price appreciates higher than 1.30388 level of resistance, the next resistance could occur at 1.31160 level. On the contrary, if the price breaks lower than 1.29364 level of support, the next support is possible to be the 1.28563 level.
Risk Disclosure
This forecast has just an informative meaning and cannot be treated as the guide to action, signal, recommendation or an offer to carry out certain trading operation. The experts of this blog express personal opinions and will not assume any responsibility whatsoever for the actions of the reader. We always aim for maximum accuracy, and RoarForex cannot be held responsible for inaccurate information or typos. Should you wish to participate in the FOREX market please be sure to contact the necessary professionals prior to starting to assess your personal financial situation.
CHARTING
The crucial points are:
GBP/USD pair has been fluctuating strongly in last days, as fundamental announcements published last week regarding the UK and USA has affected the currency pair, specifically, yesterday with the US CB Consumer confidence, which printed out better than expected. Today, the FOMC decision publication is likely to affect all the US Dollar currency pairs.
Charting outcome: Neutral
INDICATORS (computerized T.A)
The crucial points are:
The indicators are not providing a clear message about which direction the trend may follow. The moving averages have kept the same slopes, while the spread between the positive and the negative dynamic has tightened. The trend dynamic has fallen by -20.28%, whilst the market’s volatility has marginally fallen by -2.19%. Finally, the oscillators have moved into marginally overbought levels.
Indicators outcome: Neutral – Marginally bullish
CONCLUSION
Indicators and charting are in favour of neutral outlook. However, the indicators alone also indicate the marginally bullish outlook as well. If the price appreciates higher than 1.30388 level of resistance, the next resistance could occur at 1.31160 level. On the contrary, if the price breaks lower than 1.29364 level of support, the next support is possible to be the 1.28563 level.
Risk Disclosure
This forecast has just an informative meaning and cannot be treated as the guide to action, signal, recommendation or an offer to carry out certain trading operation. The experts of this blog express personal opinions and will not assume any responsibility whatsoever for the actions of the reader. We always aim for maximum accuracy, and RoarForex cannot be held responsible for inaccurate information or typos. Should you wish to participate in the FOREX market please be sure to contact the necessary professionals prior to starting to assess your personal financial situation.