GBPUSD is stable – Analysis - 19-03-2018
Economies.com
2018-03-19 05:00AM UTC
The GBPUSD pair fluctuates at the bullish trend line that appears on the chart, finding difficulty to resume the bullish trend affected by stochastic negativity that appears clearly on the daily chart, which might force the price to provide more sideways trading until gaining enough positive momentum to push trades to rise again.
Until now, we will continue to suggest the bullish trend as long as the price remains stable above 1.3910, supported by the EMA50 that carries the price from below, reminding you that our next main target is located at 1.4344.
Expected trading range for today is between 1.3850 support and 1.4040 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...
Forex
The USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...