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British Pound: USD / GBP (GBP = X) Focus on Brexit
For the British Pound, after a particularly difficult week for the British Pound, next week's statistics are limited to CBI Industrial Trend Orders and UK Mortgage Approvals, no series of numbers are expected to have a significant impact on the pound following a change of sentiment towards a rate hike in August, with a focus likely to return to progress on the Brexit and Theresa May issues at the House. The British Parliament closes its doors from Wednesday for the summer holidays. GBP / USD ended the week down 0.65% at $ 1.3136 last week
GBP weakness around current levels especially as strong dollar momentum remains in place for 39, moment
The proposed upper limit is: 1.33
The proposed lower limit is: 1.30
The projected closing price is: 1.31
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Candlesticks
A white body appeared (because prices closed higher than they opened.)
Over the course of 10 last bars, there were 6 white candles and 4 black candles for a net of 2 white candles. During the last 50 measurements, there were 25 white candles and 25 black candles
A spinning top has occurred (a spinning top is a candle with a small real body). Turning tops identify a session in which there is little price action (as defined by the difference between opening and closing). During a rally or near new heights, a spinning top can be a sign that prices are losing momentum and bulls may be in trouble.
Momentum Indicators
Momentum is a general term used to describe the rate at which prices move over a given period of time. Generally, changes in dynamics tend to result in price changes. This expert shows the current values of four popular momentum indicators
Stochastic Oscillator
A stochastic oscillator interpretation method is the search for overbought areas (above 80) and oversold areas (less than 20). The stochastic oscillator is 41.3373. This is not an overbought or oversold reading. Last Signal Was Purchased 1 Year (s) ago
Relative Strength Index (RSI)
RSI Shows Overbought (Over 70) and Overbought (Under 30) Areas ). The current value of the RSI is 43.39. This is not a trim or background area. A buy or sell signal is generated when the RSI leaves an overbought / oversold area. The last sign was a purchase 16 period (s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (over 100) and oversold (under-100) areas. The current value of the ICC is -57. This is not a trim or background area. The last signal was a purchase period 0.
MACD
The Moving Average Convergence / Divergence Indicator (MACD) gives signals when it crosses its 9-period signal line. The last sign was sold 3 months ago
Rex Takasugi – TD Profile
FOREX GBP = closed -0.000 to 1.313. The volume was 97% lower than the average (consolidation) and the Bollinger bands were 35% narrower than normal
Open Up Low Low Volume ___
1,312 1,314 1,311 1,313 4.305
Technical Outlook
Short term: Neutral
Intermediate term: bearish
Long term: bearish
Averages 10 periods 50 periods 200 periods
Closing: 1.32 1.33 1.36
Volatility: 9 8 9
Volume: 162,984 169,213 153,580
Short-term traders should pay more attention to buy / sell arrows while medium / long-term traders should put more emphasis on the trend bullish or bearish reflected in the lower ribbon.
GBP = is currently 3.3% below its 200-period moving average and is trending downward. Volatility is high compared to average volatility over the last 10 periods. Our volume indicators reflect the incoming and outgoing volume of GBP = at a relatively even (neutral) rate. Our trend forecast oscillators are currently bearish on GBP = and have had this outlook for the last 3 periods.
GBP, GBP = X, news, outlook, shayne heffernan, trading, USD / GBP
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