GBP/USD The price is finding the first support at 1.4650, the next one is 1.4500

March 20, 2015

General overview
The 4th quarter payments balance weak release will increase pressure on the dollar. Traders significantly overestimated the UK labor market moderately negative release. The unemployment remained at the same level as the average earnings have declined, but the employment growth by the ILO methodology indicates the positive trend continuation the next months.
The pair pound/dollar has tested the strong resistance level of 1.5100 for its strength. The level testing was at the increased volume, but without breakthrough. The pair rebounded downwards and broke through the support levels of 1.5015, 1.4920, 1.4800.
The price is finding the first support at 1.4650, the next one is 1.4500. The price is finding the first resistance at 1.4800, the next one is at 1.4920.
There is a confirmed and a strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The downward movement will be until the price is under the Cloud.
The MACD histogram is in a negative territory. The price is decreasing.

Trading recommendations
We believe the falling will be continued now. The first target is the level 1.4650.

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...

Z.com Trade Rating
FIBO Group Rating
XM Rating
 FXTM Rating
OctaFX Rating
HYCM Rating

Banc De Binary Rating
TropicalTrade Rating
IQ Option Rating
24option Rating
OptionsXO Rating
Beeoptions Rating