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

September 23, 2016
Risk rating
The market is in need of a new narrative. The Fed meeting in December is too far off and for now, the US election is not something that entices excitement. With central banks on hold, markets are pushing the envelope in terms of risk...
September 23, 2016
Greenback regains some ground
On Friday, the evergreen buck regained some ground against other key currencies, as markets kept digesting the Fed’s latest policy decision...
September 23, 2016
Dollar rebounds slightly as precious metals are in a hot zone
The US Dollar rebounds after a substantial selloff led by the FOMC decision to leave the interest rate unchanged. The Dollar index, which tracks the US currency against major peers, recoiled with support at a 95.00 level on Thursday, adding 0.05% to the 95.36 price in the early Friday session...

FBS Rating
XM Rating
FxPro Rating
OANDA Rating
HYCM Rating
Vantage FX Rating

365BinaryOption Rating
OptionTrade Rating
Beeoptions Rating
OptionFair Rating
Anyoption Rating
OptionBit Rating