GBP/USD-Daily overvierw
Hello everybody!
-On a daily chart, we can see that the price formed bearish engulfing pattern, that is a very good sign that bears are going to take control over this pair.
-On a Stochastic indicator, we can see that the price is in an overbought area so we might expect bearish takeover.
-On a daily base, GBP is very weak while USD is a very strong currency at this moment, and on a weekly base, GBP is still weaker than USD.
-If GBP remains weaker than USD then we can expect bearish movement and IF GBP gains more power than USD then we can expect bullish movement,...-But I expect bearish movement over this pair.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a daily chart, we can see that the price formed bearish engulfing pattern, that is a very good sign that bears are going to take control over this pair.
-On a Stochastic indicator, we can see that the price is in an overbought area so we might expect bearish takeover.
-On a daily base, GBP is very weak while USD is a very strong currency at this moment, and on a weekly base, GBP is still weaker than USD.
-If GBP remains weaker than USD then we can expect bearish movement and IF GBP gains more power than USD then we can expect bullish movement,...-But I expect bearish movement over this pair.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.