The GBPUSD achieves some bullish correction - Analysis - 15-11-2021
Economies.com
2021-11-15 05:32AM UTC
The GBPUSD pair touched 1.3355 level and bounced upwards clearly to achieve some bullish correction for the decline that started from 1.3834 areas, noticing that the EMA50 forms continuous negative pressure against the price, while stochastic shows clear negative signals now.
Therefore, we believe that the chances valid to resume the main bearish trend, which its next target extends to 1.3160, taking into consideration that breaching 1.3470 will push the price to achieve more bullish correction and visit 1.3540 and might extend to 1.3595 areas before any new negative attempt.
The expected trading range for today is between 1.3340 support and 1.3500 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...