The GBPUSD loses momentum - Analysis - 26-03-2021
Economies.com
2021-03-26 04:41AM UTC
The GBPUSD pair trades with clear positivity to approach retesting the broken neckline of the double top pattern that its signs appear on the chart, noticing that stochastic shows clear overbought signals, while the EMA50 meets the key resistance formed at 1.3800 to add more strength to it.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 1.3580 as a next station, while achieving it requires holding below 1.3800.
The expected trading range for today is between 1.3660 support and 1.3830 resistance.
The expected trend for today: Bearish
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 NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...