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Main » 2016 » July » 29 » Forex rate forecast for the pound dollar (GBPUSD) for today 29/07/2016
Forex rate forecast for the pound dollar (GBPUSD) for today 29/07/2016



On Thursday, the US dollar weakened against its major rivals after the publication of weak releases on applications for benefits in the US unemployment. In addition, the American currency is still under pressure from the Fed's decision to leave monetary policy unchanged.




Current situation

The growth was stopped by the level of 1.3247, which the pair resumed its decline and showed a negative trend. Tool closed the trading day in the "red" zone. Resistance is located at 1.3300, support - at 1.3100.


MACD is near zero. If the histogram will go into negative territory, it will point to the strengthening position of sellers. If the MACD will return to positive territory, customers regain control of the market. RSI is still neutral.


Price showed short-term growth above 50 EMA and 100 EMA. After reaching the level of 1.3242 and the pair fell back to the area between the 50 EMA and the 100 EMA.


Forecast GBP / USD

The trend is still bearish. GBP / USD pair may go to the area of ​​1.2900.




Forecast Fort Financial Services


Views: 185 | Added by: mik | Rating: 0.0/0
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