GBP/USD (a 4-hour chart) GBP/USD (a 4-hour chart)

February 18, 2015

General overview

The January UK inflation will be in the center of our attention. It is forecasted the consumer price index (CPI) decline by 0.9%.
The pair is under pressure amid the investors increased risk aversion. The potential pair decrease was limited by demand for the British pound in the declining pair euro/pound.
The upward trend was stopped at the mark of 1.5400 from which was followed a slight rebound downwards and formed a consolidation.
The price is finding the first support at 1.5300, the next one is 1.5200. The price is finding the first resistance at 1.5400, the next one is at 1.5510.
There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen shows a downward movement and the Kijun-sen shows a horizontal movement. The upward movement will be until the price is above the Cloud.
The MACD histogram is in a positive territory. The price is consolidating.

Trading recommendations

The downward movement will be continued. The pair may go to 1.5300 and 1.5200 soon.

Publication source
Fort Financial Services information  Fort Financial Services reviews

December 9, 2016
Gold is tired of moving in the range
On the daily chart of gold, the bears remain control over the market. As long as quotes are below $ 1,195, their positions are not under threat. The update of the December low can lead to the continuation of downward movement towards $1,116...
December 9, 2016
Oil prices ignored bigger-than expected drop
After an Asian consolidation oil prices moved higher on Thursday. The price slightly grew and reversed the minor part of its losses. The benchmark approached 53.50 post-Europe open. The price stayed below the 50 and 100 EMAs in the 1 hour chart...
December 9, 2016
EURUSD Trades Below Significant Resistance
The Italian referendum weighed on EUR/USD, fell to a year low of 1.0506 on 5th December. It was followed a quick recovery, as a result of the rebound of the Euro after testing the significant support level at 1.0500. Yet it retraced after testing the significant resistance level at 1.0800...

OctaFX Rating
FXCM Rating
Z.com Trade Rating
Vantage FX Rating
Trade360 Rating
FxPro Rating

OptionFair Rating
TopOption Rating
IQ Option Rating
Beeoptions Rating
Empire Option Rating
Porter Finance Rating