Pound

EUR/GBP stretched its four-week rally to an almost five-month high of 0.8900 on Tuesday before pulling slightly lower. The MACD seems to be losing momentum below its red signal line, the RSI is still hovering around its 70 overbought mark…

While lacking in central bank meetings, the coming week on the forex market still a busy one. A poor showing by the UK Conservatives in the European Parliament elections could make it even more likely that Theresa May is replaced with…

GBP/USD tumbled over the previous four consecutive days, plunging below the medium-term ascending trend line and creating a short-term descending line after the pullback on the nine-month high of 1.3380 in the daily timeframe. Also, the…

EUR/GBP fell to a fresh 21-month low of 0.8530 earlier this week, violating to the downside the sideways range it had been trading in since late 2017, with an upper bound at 0.9100 and a lower bound near 0.8615. The medium-term outlook thus…

The focus will firmly be on economic indicators this week as political and central bank events temporarily take a back seat. The latest PMI releases for the Eurozone will be one of the highlights as growth in the region grinds to a halt,…

GBP/CAD slipped below the 20- and 40-simple moving averages (SMAs) in the daily timeframe, following the bounce off the five-month high of 1.7495 resistance level reached on 1.7495. The GBP/CAD pair has been trading within an ascending…

As 2018 draws to a close, the heavily sold currencies are set to end the year off their lows, while the US dollar – one of the biggest winners of 2018 – appears on track to start 2019 on a negative footing. While it’s too early to predict…

EUR/GBP has advanced considerably over the preceding two days, hitting a new more-than three-month high of 0.9086. Today’s pullback shifted the technical indicators from upside direction to sideways movement. The RSI indicator is sloping…

EUR/GBP has had a strong bearish rally this morning after the bounce off the 0.8940 resistance level. Neutral to negative risks remain in the background as the RSI decreases momentum to the downside in the positive region, while the %K…

GBP/USD retains sideways movement in the near term, finding strong resistance at the 1.3255 barrier and support at the 1.2690 level. Over the last couple of weeks, the price dived below the 20- and 40-simple moving averages (SMAs) but has…