The GBPUSD consolidates above the support - Analysis - 27-10-2021
Economies.com
2021-10-27 04:28AM UTC
The GBPUSD pair attempted to breach 1.3795 but it couldn’t manage to hold for long time above it, to fluctuate at the bullish channel’s support line again, noticing that stochastic provides new positive signals now, waiting to motivate the price to resume the main bullish trend, which its next target located at 1.3910.
The EMA50 continues to protect the suggested bullish wave, which will remain valid unless breaking 1.3720 and holding below it.
The expected trading range for today is between 1.3700 support and 1.3860 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The USDCHF price faces solid resistance – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price encountered solid resistance at ...
Forex
The NZDUSD price rises again – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price has returned to rise after a ...
Forex
The AUDUSD price attempts positively – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price has shown new positive trades ...