EUR/USD and EUR/GBP Forecast – Prices, Charts, and Analysis Recommended by Nick Cawley How to Trade EUR/USD The Euro remains on the back foot after Wednesday’s anemic PMIs showed the single bloc’s economy struggling to make any headway. The latest ECB ‘sources’ talk is that momentum is growing for the European Central Bank to pause
POUND STERLING ANALYSIS & TALKING POINTS An increase in central bank divergence between BoE and Fed could support pound. Fed speakers to dominate headlines today. Ascending triangle (GBP/USD) & long wicks (EUR/GBP) in focus. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD & EURGBP FUNDAMENTAL BACKDROP The British pound’s resilience this year (+5.4%)
British Pound (GBP) Analysis and Charts 10-year UK gilt yield touching levels last seen 15 years ago. EUR/GBP eyeing a test of multi-month support. Recommended by Nick Cawley How to Trade GBP/USD The British Pound is pushing higher against a strong US dollar as fixed-income traders push the yield on UK government debt ever higher.
Advantages of Using RSI in Forex The popularity of RSI as a forex indicator is a product of its distinct advantages as a research and evaluation tool. Top benefits of using RSI include: It utilizes a simple mathematical formula. Unlike other technical indicators, the math behind RSI is simple enough that traders could do it by
Share: The GBP weakened on Tuesday against the USD as the Greenback gained ground against most of its rivals. Ahead of Thursday’s Bank of England (BoE) decision, the weak British made the GBP lose interest while markets await key labour data from the US. Economic data reported on the session from the US
RSI INDICATOR EXPLAINED – WHAT IS THE RSI INDICATOR? The “Relative Strength Index”, or “RSI”, indicator is a popular member of the “Oscillator” family of technical indicators. J. Welles Wilder created the RSI in order to measure the relative changes that occur between higher and lower closing prices. Traders use the index to determine overbought
With the new update we are able to see the trend direction and strength and also the trend start line is drawn on the chart so its easy to see if a divergence is created and reversal is possible ! In the first picture we are just above the bulish trendline and reaching the supply
