British Pound (£) ⇨ US Dollar ($)(GBPUSD) Trading Outlook
HEFFX Notes British Pound
Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
The projected upper bound is: 1.37.
The projected lower bound is: 1.24.
The projected closing price is: 1.31.
FOREX GBP= closed down -0.009 at 1.307. Volume was 4% below average (neutral) and Bollinger Bands were 43% narrower than normal.
Open High Low Close Volume
1.317 1.318 1.302 1.307 110,330
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 1.30 1.34 1.42
Volatility: 11 29 18
Volume: 104,742 119,442 104,568
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary British Pound
FOREX GBP= is currently 8.1% below its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of GBP= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GBP= and have had this outlook for the last 12 periods.
HEFFX Momentum British Pound
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic
Oscillator is 80.9859. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 3 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 46.03. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 29 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 13. This is not a topping or bottoming area. The last signal was a buy 3 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 2 period(s) ago.
Latest posts by John Heffernan (see all)
- Hang Seng Index (INDEXHANGSENG:HSI) Hong Kong HEFFX Trading Outlook - April 23, 2017
- Shanghai SE Composite Index (SHA:000001) HEFFX Trading Outlook - April 23, 2017
- Thai Baht (THB) ⇨ US Dollar ($) (THBUSD) HEFFX Trading Outlook - April 23, 2017