GBP vs USD

GBP-USD: The analysis does not suggest a drop in the medium term

[You must be registered and logged in to see this image.]

As long as 1.25 USD remains a support, the movement may join 1.32 USD over the short term. The breaking of 1.25 USD would invalidate this opinion and open the door for 1.24 USD.

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The RSI is above 50, this confirms the sound positioning of the cross But the Stochastics indicators are high, which calls for prudence in the very short-term. The volumes traded are more than the average volumes over the last 10 days.

Since the recent low at 1.27 USD the cross has been in a phase of technical recovery towards its 50-day moving average located at 1.3: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 1.32 USD and 1.33 USD. The supports are at 1.27 USD then at 1.25 USD .

GBP-USD: Wait for a test of the support

[You must be registered and logged in to see this image.]

Above 1.25 USD the GBP-USD is heading toward 1.31 USD over the short term. Below 1.25 USD the movement would reverse and then correct toward 1.24 USD.

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

Since the recent low at 1.27 USD the cross has been in a phase of technical recovery towards its 50-day moving average located at 1.3: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 1.31 USD and 1.32 USD. The supports are at 1.26 USD then at 1.25 USD .

The movement remains bullish
[You must be registered and logged in to see this image.]

INDICATOR
Opinion Short Term Positive
Resistance 1 1.42USD
Support 1 1.37USD
Opinion Mid Term Bullish
Support 2 1.36USD
Resistance 2 1.43USD

STRATEGY
Above 1.37 USD the major trend remains bullish. 1.42 USD and 1.43 USD are in the line of sight. The breaking of 1.37 USD would cancel this anticipation and favor a correction toward 1.36 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1.37 USD, then at 1.36 USD; only the resistances, placed at 1.42 USD, then at 1.43 USD, could contain the prices.

No signs of improvement
[You must be registered and logged in to see this image.]

INDICATOR

• Opinion Short Term Negative
  
• Resistance 1 1.42USD
  
• Support 1 1.37USD
  
• Opinion Mid Term Bullish
  
• Support 2 1.35USD
  
• Resistance 2 1.43USD
  

STRATEGY
Below 1.42 USD the major trend remains bearish 1.37 USD and then 1.35 USD are in the line of sight. The surpassing of 1.42 USD would cancel this anticipation and favor a recovery toward 1.43 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. Power indicators, like the RSI, are not giving any particular signals. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1.37 USD, then at 1.35 USD; only the resistances, placed at 1.42 USD, then at 1.43 USD, could contain the prices.

[You must be registered and logged in to see this image.]

INDICATOR
Opinion Short Term Negative
Resistance 1 1.36USD
Support 1 1.31USD
Opinion Mid Term Bullish
Support 2 1.3USD
Resistance 2 1.37USD

STRATEGY
Below 1.37 USD the GBP-USD is evolving toward 1.31 USD over the short term. The clearing of 1.37 USD would invalidate this opinion and open the door for 1.39 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1.31 USD, then at 1.3 USD; only the resistances, placed at 1.36 USD, then at 1.37 USD, could contain the prices.

[You must be registered and logged in to see this image.]
INDICATOR
Opinion Short Term Negative
Resistance 1 1.36USD
Support 1 1.31USD
Opinion Mid Term Bullish
Support 2 1.3USD
Resistance 2 1.37USD

STRATEGY
Below 1.37 USD the GBP-USD is evolving toward 1.31 USD over the short term. The clearing of 1.37 USD would invalidate this opinion and open the door for 1.39 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1.31 USD, then at 1.3 USD; only the resistances, placed at 1.36 USD, then at 1.37 USD, could contain the prices.

[You must be registered and logged in to see this image.]
INDICATOR
Opinion Short Term Positive
Resistance 1 1.37USD
Support 1 1.32USD
Opinion Mid Term Bullish
Support 2 1.31USD
Resistance 2 1.38USD

STRATEGY
Above 1.32 USD the major trend remains bullish. 1.37 USD and 1.38 USD are in the line of sight. The breaking of 1.32 USD would cancel this anticipation and favor a correction toward 1.31 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1.32 USD, then at 1.31 USD; only the resistances, placed at 1.37 USD, then at 1.38 USD, could contain the prices.

[You must be registered and logged in to see this image.]
INDICATOR
Opinion Short Term Positive
Resistance 1 1.37USD
Support 1 1.32USD
Opinion Mid Term Bullish
Support 2 1.31USD
Resistance 2 1.38USD

STRATEGY
Above 1.32 USD the major trend remains bullish. 1.37 USD and 1.38 USD are in the line of sight. The breaking of 1.32 USD would cancel this anticipation and favor a correction toward 1.31 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1.32 USD, then at 1.31 USD; only the resistances, placed at 1.37 USD, then at 1.38 USD, could contain the prices.

[You must be registered and logged in to see this image.]
INDICATOR
Opinion Short Term Positive
Resistance 1 1.38USD
Support 1 1.32USD
Opinion Mid Term Bullish
Support 2 1.3USD
Resistance 2 1.39USD

STRATEGY
Above 1.32 USD the major trend remains bullish. 1.38 USD and 1.39 USD are in the line of sight. The breaking of 1.32 USD would cancel this anticipation and favor a correction toward 1.3 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. As for the Stochastics, they are in the overbought area, making a correction likely in the short term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1.32 USD, then at 1.3 USD; only the resistances, placed at 1.38 USD, then at 1.39 USD, could contain the prices.

[You must be registered and logged in to see this image.]
INDICATOR

• Opinion Short Term Positive
  
• Resistance 1 1.37USD
  
• Support 1 1.33USD
  
• Opinion Mid Term Bullish
  
• Support 2 1.31USD
  
• Resistance 2 1.38USD
  

STRATEGY
Above 1.33 USD the major trend remains bullish. 1.37 USD and 1.38 USD are in the line of sight. The breaking of 1.33 USD would cancel this anticipation and favor a correction toward 1.31 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. As for the Stochastics, they are in the overbought area, making a correction likely in the short term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1.33 USD, then at 1.31 USD; only the resistances, placed at 1.37 USD, then at 1.38 USD, could contain the prices.

[You must be registered and logged in to see this image.]
INDICATOR
Opinion Short Term Neutral
Resistance 1 1.37USD
Support 1 1.31USD
Opinion Mid Term Neutral
Support 2 1.3USD
Resistance 2 1.38USD

STRATEGY
Above 1.31 USD the major trend remains bullish. 1.37 USD and 1.38 USD are in the line of sight. The breaking of 1.31 USD would cancel this anticipation and favor a correction toward 1.3 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. However, the RSI is in the overbought area and we can expect a technical correction in the short term. Also, the Stochastics are very high, which confirms the risks in the event of a violent reversal. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1.31 USD, before a test of 1.3 USD in the case of a breach. To the upside, the resistance at 1.37 USD is intermediary before the strong level of 1.38 USD.

[You must be registered and logged in to see this image.]

INDICATOR
Opinion Short Term Positive
Resistance 1 1.36USD
Support 1 1.31USD
Opinion Mid Term Neutral
Support 2 1.3USD
Resistance 2 1.37USD

STRATEGY
Above 1.31 USD the major trend remains bullish. 1.36 USD and 1.37 USD are in the line of sight. The breaking of 1.31 USD would cancel this anticipation and favor a correction toward 1.3 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. As for the Stochastics, they are in the overbought area, making a correction likely in the short term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1.31 USD, before a test of 1.3 USD in the case of a breach. To the upside, the resistance at 1.36 USD is intermediary before the strong level of 1.37 USD.