Back to the Forex Alerts day's list
Alert - 10:10 (CET) - GbpUsd
|
In countdown for the UK's mortgage approvals, the GbpUsd is trading at 1.5118 Dollars per Pound. This session, the pair is ranging from 1.5068 to 1.5186. The current price is under yesterday's close at 1.5183. In the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are under the 200-day EMA.
The supports are set at 1.4748 (June 18th 2002 low), 1.4550 (May 17th, 2002 low) and 1.4332 (April 4th, 2002 low). As the resistances at 1.5000 (key) was broken, the traders are watching the next levels at 1.5483 (November 12th high) and 1.5703 (November 11th high), just in case. However, note that the Sterling has been profit taking from yesterday's high at 1.5182 dollars.
After the big rebound yesterday in the markets, the appetite for high yielders declined. This is happening this morning because the traders are waiting for the Q3's US GDP, which should indicate the economy is in a deeper recession than estimated initially. This is prompting the investors to go back to safe haven currencies, such as the Dollar and the Yen.
Checking the daily graphics, the current price is over the 23.60% (1.3701) and on the 38.20% (1.5767) Fibonacci retracement lines. The average volatility per hour is 200 pips and the 60-minute Relative Strenght Index (RSI) is at 57 points, rebounding from the overbought area.
|
|
ACM Advanced Currency Markets SA (hereinafter referred as ACM) is a professional financial intermediary, directly regulated by the Swiss Federal Department of Finance, Anti Money Laundering Control Authority. As forex specialist, ACM provides only currency and precious metals trading via highly professional forex trading software. All customers are aware that this information or any part thereof has been prepared without taking account of your objectives, financial situation and/or needs. This information is not intended as personalized investment advice and does not constitute a recommendation. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. The analysis is based on the information which ACM finds reliable and accurate, but ACM does not assume any responsibility for any material nor for the transactions made on the basis of the information or the estimates of the analysis. ACM cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct, indirect and/or consequential loss arising from any use of this information, document or its content. All opinions and estimates constitute ACM analysis as of the data and are subject to change without notice. ACM does not warrant the accuracy or completeness of information contained herein, such information is subject to change and is not intended to influence your investment decisions. Past performance is not a reliable indicator of future performance.
|