empty
 
 
Chystáte sa opustiť
www.instaforex.eu >
webovú stránku, ktorú prevádzkuje
INSTANT TRADING EU LTD
Otvoriť účet

02.08.201916:55 Forex Analysis & Reviews: Bearish rally in GBP/USD to continue soon

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.

Exchange Rates 02.08.2019 analysis

3/8 Murrey Math Level has acted as support, so the market is consolidating. Previously, the pair couldn't fixate above 4/8 MM Level, which has pushed the price lower. Super Trend Lines formed a 'Bearish Cross' at the beginning of July, which led to the current decline. Also, the Daily ST-Line has acted as resistance a few times, which brings more evidence for the bearish forecast. Additionally, the pair has fixated under 4/8 MM Line, that's why the chance of a further decline remains high.

Meanwhile, the price may be going to test the H4 ST-Line in the coming hours. If we have a pullback from this line a little later on, that could be a green light for bears to try breaking 3/8 MM Level. The main target is 2/8 MM Level, which could act as support. In case of a pullback from this level, we might have a local upward correction, possibly towards the H4 ST-Line. However, if the pair goes through 2/8 MM Level, all eyes will be on 1/8 MM Level as the next target. The subsequent pullback from this level may lead to a larger bullish correction.

The bottom line is that GBP/USD remains bearish and there's been no bullish signs so far. Therefore, as long as the price remains under the H4 Super Trend Line, there'll be an open door for a further decline in the direction of 2/8 or even 1/8 Murrey Math Level.

InstaForex Analyst
Analytical expert of InstaForex
© 2007-2025

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.




Teraz opúšťate stránku www.instaforex.eu, ktorá patrí spoločnosti INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off