GBP/USD The uptrend has stopped for a short time below the intermediate resistance level of 1.567

14 May, 2015

General overview

We pay attention to the Bank of England inflation quarter report. On the one hand, the energy prices growth have increased the inflation expectations - the UK 10-year bond yields are now above the level of 2%. On the other hand, the low level of average earnings in the first quarter restrained inflation and the private consumption.

As the soft monetary policy is carried out in periods of low inflation – we should not exclude positive comments. Also we should not forget about the pound revaluation against the euro.

The uptrend has stopped for a short time below the intermediate resistance level of 1.5670. The price reached the level on the lower volumes. After the resistance level of 1.5670 breakthrough the level of 1.5775 was tested.

The price is finding the first support at 1.5670, the next one is 1.5550. The price is finding the first resistance at 1.5775, the next one is at 1.5950.

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 an upward 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 growing.

Trading recommendations

After the trend line 1.5775 breakthrough upwards the way to the resistance 1.5950 will be opened.


Source link  
Asian markets higher, oil rally goes on

Oil prices extended gains in early trading hours as expectations for further reductions in global supply levels continued to build following Donald...

What's behind the oil rally?

The oil market has been going crazy in the last few days. On Monday, the US West Texas Intermediate crude for June delivery rose nearly 1.5 percent...

If Buffett is not investing on bitcoin...

Last week we have spoken about Warren Buffett's dislike for Bitcoin and the whole cryptocurrency world. Fine... it is not that he doesn't like it...


Equity indexes mixed in Asia

Markets in Asian traded mixed on Thursday as investors digested a widely anticipated interest rate decision by the US Federal Reserve while looking...

Asian stocks extend gains

Asian equity markets were mostly higher on Monday, with investors focusing on geopolitical tensions over the Middle East while keeping an eye...

Equity indexes in Asia rise

Asian equity indexes moved into green territory on Tuesday despite a weak lead from Wall Street on the back of higher Treasury yields and as traders await...


Trading activity is on the lowest

The light news flow and a break in US-Chinese trade rhetoric give the equity markets a positive momentum amid so far positive reporting season in the US...

Earnings in focus: a necessary revision

UK Average Earnings excluding Bonus (3Mo/Yr) (Feb) is expected to come in at 2.8% from 2.6% previously. Claimant Count Change (Mar) is expected...

Geopolitics weigh on sentiment

Markets in Asia were mixed on Monday amid rising geopolitical tensions following a western air strike over Syria and as investors await for fresh...


In the past 24 hours Bitcoin has lost -0.97% and reached $6477.64316579. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 0.6352% and is now at $1.1587. Start trading and making money on Forex today.

In the past 7 days Ethereum has gained 5.4% and is now at $203.819902072. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Daily Forex Market Reviews


Forex Currencies Forecasts


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets91%
2FXTMFXTM88%
3HYCMHYCM87%
4Alfa-ForexAlfa-Forex86%
5FxProFxPro85%
6FIBO GroupFIBO Group84%
7OctaFXOctaFX83%
8HotForexHotForex82%
9FXCMFXCM80%
10AvaTradeAvaTrade77%
  


Share: