Technical oscillators supporting the bearish trend for the GBP/USD currency pair
GBP/USD – Market strategy is bearish over all, selling down till the $1.9457 levelTammy Wall
09 May 2008
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GBP/USD-market strategy can be a sell till the level $1.9457
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bearish crossover below the zero line although heading upwards which may indicate that there are some buying opportunities. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. As seen on the chart there are two tops leading downwards to a selling trend.
Finotec Analysis Team
09 May 2008
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Read the latest GBP/USD Analysis Reports:
Technical oscillators support the bullish trend for the currency pairGBP/USD – Market strategy can be a buy at the level 1.9524 and a stop loss at the level 1.9510
Technical oscillators supporting the bearish trend for the GBP/USD currency...GBP/USD – Market strategy is bearish, selling down till the 1.9560$ level
Technical oscillators support the bearish trend for the currency pair...GBP/USD – Market strategy can be a sell at the level 1.9783
Real Time Forex Quotes
| Contract | Bid | Ask | Time | Change |
|---|---|---|---|---|
| GBP/USD | 1.9675 | 1.9678 | 11:25:34 | -0.00% |