Finotec News Archive - May 07 2008
Technical oscillators supporting the bearish trend for the GBP/USD currency pair
GBP/USD – Market strategy is bearish, selling down till the 1.9560$ levelTammy Wall
07 May 2008
GBP/USD-market strategy can be a sell till the level 1.9560$
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bearish crossover below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. Also, MA oscillators indicate a bearish cross on the short MA line. As seen on the chart there are two tops leading downwards to a selling trend.

Finotec Analysis Team
07 May 2008
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| Contract | Bid | Ask | Time | Change |
|---|---|---|---|---|
| GBP/USD | 1.9675 | 1.9678 | 11:25:34 | -0.00% |
















