The strong resistance level breakthrough of 1.4920 was short-lived

April 22, 2015

General overview
The United Kingdom and the United States did not please traders with the important macroeconomic statistics. The UK and the US 10-year negative bond yields are lower the level of 31 bp which is a positive factor for the British pound. After the corrective movement towards the 49th figure that we had seen before, traders rushed to build up long positions at the attractive levels.
The strong resistance level breakthrough of 1.4920 was short-lived. Sellers were able to return back the price below this mark. Nevertheless the bulls could break the level of 1.4920 upwards by the end of the trades.
The price is finding the first support at 1.4920, the next one is 1.4800. The price is finding the first resistance at 1.5015, the next one is at 1.5100.
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 horizontal movement and the Kijun-sen shows an upward movement. The upward movement will be until the price is above the Cloud.
The MACD histogram is in a positive territory. The price is growiing.

Trading recommendations
The price is likely to go to the support level of 1.4800. The buyers need to break above 1.5015 for a steady growth.

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...

XM Rating
FIBO Group Rating
Orbex Rating Trade Rating
FXCM Rating

OptionFair Rating
Anyoption Rating
OptionBit Rating
Beeoptions Rating
Empire Option Rating
TropicalTrade Rating