GBP/USD Forecast May 16, 2017, Technical Analysis
The British pound rose initially during the day on Monday, but found the area near 1.2940 to be a bit too resistive, and then fell back to the 1.29 handle. As I write this, we are currently...
Tag: GBPUSD
GBPUSD Daily Analysis – May 16, 2017
GBPUSD failed to break below 1.2831 support and moved sideways in a trading range between 1.2831 and 1.2988. As long as 1.2831 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.2365,...
GBPUSD Daily Analysis – May 15, 2017
GBPUSD is facing the support of 1.2831. As long as this level holds, the fall from 1.2988 could be treated as consolidation of the uptrend from 1.2365 and further rise to 1.3100 area is still possible after...
GBPUSD Weekly Analysis – May 14, 2017
GBPUSD stays above the rising trend line on daily chart and remains in uptrend from 1.2109. As long as the pair is above the trend line, the fall from 1.2988 could be treated as consolidation of the...
GBP/USD Forecast May 15, 2017, Technical Analysis
The GBP/USD pair fell slightly during the session on Friday, but found support near the 1.2850 level. We formed a bit of a hammer, but quite frankly I feel that there is a significant amount of support...
GBP/USD Forecast May 12, 2017, Technical Analysis
The British pound fell significantly during the day on Thursday, as the 1.2950 level offered a bit too much in the way of resistance. Also, the Bank of England wasn’t as hawkish as people had hoped, and...
GBPUSD Daily Analysis – May 12, 2017
GBPUSD is testing that support of the bottom of the ascending price channel on 4-hour chart and it is also facing the key support of 1.2831. A breakdown below 1.2831 key support will indicate that the upward...
GBP/USD Forecast May 11, 2017, Technical Analysis
The GBP/USD pair had a very volatile session on Wednesday, reaching the highs just below the 1.30 level again. We turned around to fall significantly, and test the 1.2925 region. This is a market that continues to...
GBPUSD Daily Analysis – May 11, 2017
GBPUSD remains in uptrend from 1.2365, the fall from 1.2988 is likely consolidation of the uptrend. Near term support is at the bottom of the rising price channel on 4-hour chart. As long as the pair is...
USD/CAD Forecast May 10, 2017, Technical Analysis
The USD/CAD pair initially was very flat on Tuesday, testing the 1.37 level for resistance. The oil markets were relatively quiet, but then turned around to start falling again. On top of that, Canadian Building Permits caused...