For Traders

Analytical Reviews

Technical analysis

15.07.201916:12 Forex Analysis & Reviews: GBP/USD 07.15.2019 - Strong support on the test at 1.2525

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

The Gold didn't have enough power to break the resistance at $1.419 and I saw the good rejection there, which is sign for me that buyers got very exhausted there. Since there is rejection of the resistance in the background, I would watch for selling opportunities. Gold also did back into the 24 balance range, which is another confirmation that upside break was unsustainable.

On the 4H time-frame I found that there is bear cross on the Stochastic and MACD, which represents short-term downtrend. Downward targets are set at the price of $1.400 and at $1.386. As long as the Gold is trading below the key resistance swing $1.426, I would watch for selling opportunities on the rallies. Usually, when we have Asia and Europe session directional movement like today, US session will try to reverse. Today is great example of 2 sessions down and US session is starting to reverse on the upside.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.