GBP USD resumes rising – Analysis - 22/05/2015
Economies.com
2015-05-22 04:45AM UTC
The GBPUSD pair ended yesterday’s trading above the EMA50, to build good support base above this level, which supports the continuation of the bullish trend inside the bullish channel that appears on image, waiting to target 1.6000 areas as a next main station.
Stochastic current negativity might force the price to show some temporary sideways fluctuation before turning back to resume the bullish trend, which will remain valid and active conditioned by holding above 1.5500.
Expected trading range for today is between 1.5600 support and 1.5800 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex
Euro under pressure ahead of European inflation data
2024-04-30 07:41AM UTC
Euro declined in European trade on Tuesday against a basket of major rivals, backing away from ...
Forex
Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price trades with clear negativity to ...
Forex
The AUDUSD price forecast update 30-04-2024
2024-04-30 09:24AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price is facing additional negative ...
Forex
The GBPUSD forecast update 30-04-2024
2024-04-30 09:23AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades negatively now to confirm ...