Pound Dollar general overview on 25/04/2016
At the end of last week's news the UK calendar is empty. Now all attention is riveted market of "black gold": Brent crude oil on the eve showed the correction. In the US, a report was released by the oilfield services agency Baker Hughes. According to the report the number of drilling rigs in the United States fell to 343 from 351.
In the area of 1.4320 is the first support below - 1.4240. In the area of 1.4400 is the first resistance, above - 1.4480.
A buy signal is strong and confirmed. Price is above the Ichimoku cloud and Chinkou-Span is below the price level. Tenkan-sen shows the upward movement and the Kijun-sen - the horizontal. The urgency of the upward movement will continue as long as the price is above the Ichimoku cloud.
The MACD histogram is in the positive zone. Price reduced.
Neighborhood 1.4320 will be the nearest Target at price correction below 1.4240. In general, the market bullish sentiment. The serves mark 1.4400, then 1.4480 as the first growth targets.
Source Fort Financial Services