India Crypto Exchange

Best Bitcoin Trading Platform

EUR/USD’s Outlook Remains Bearish; GBP/USD Trades Indecisively

EUR/USD’s Outlook Remains Bearish; GBP/USD Trades Indecisively

EUR/USD

EUR/USD 15-Minute Chart

EUR/USD was indecisive yesterday as it touched a low of 1.1024 and a high of 1.1081 towards the end of the trading session. The pair is trading below its 100 day SMA of 1.1088 and the overall outlook remains bearish. The near term bias is Neutral to Bearish with targets of 1.1000 to 1.0950

MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; RSI (14), STOCHRSI (14) are Neutral; while Average True Range (14) indicates Less Volatility.

Support is at 1.1042 while Resistance is at 1.1084 and 1.1099

19th July 2016 – 09:35AM ( UTC)

GBP/USD

GBP/USD 15-Minute Chart

GBP/USD was indecisive yesterday as it touched a low of 1.3192 and a high of 1.3307 towards the end of the trading session. Cable was unable to break above the 1.3400 levels and came down below its 100day SMA of 1.3259 in the European trading session. The near term bias is Bearish with targets of 1.3100

RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.

Support is at 1.3171 while Resistance is at 1.3264 and 1.3314

19th July 2016 – 10:00AM (UTC)

Disclaimer: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

0 0 votes
文章评分
Subscribe
Notify of
guest
0 评论
Inline Feedbacks
View all comments