简体中文
ภาษาไทย
繁體中文
Indonesia
GBPUSD: high short continued to fall
2022-08-08
1239
Fundamental analysis:
Sterling fluctuated around 1.201625 against the US dollar. Although the rate increase of the Bank of England has increased, the market is pessimistic about the economic development prospects of the United Kingdom. Therefore, sterling has not been greatly stimulated by the rate increase.
GBPUSD GBPUSD - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the short power maintains a good downward trend of oscillation. After a short-term rapid decline, the short power fluctuates. The MACD index is arranged at the lower side of the 0 axis, and the RSI index is hovering at the lower side of the 50 equilibrium line in a narrow range;
Long and short turning point: 1.20736
Pressing position: 1.21051, 1.21413
Support position: 1.20342, 1.20035
Trading strategy: bearish below 1.20736, targets 1.20342 and 1.20035
Alternative strategy: bullish above 1.20736, targets 1.21051 and 1.21413
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
