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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.