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Trading signals and online forecasts GBP/USD

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GBP/USD - Technical analysis of the GBP/USD currency pair on November 26
With the opening of trading in Asia on Friday, this currency pair is trading with a decrease in quotations, remaining within the current support level at 1.3297 and the resistance level at 1.3412, where the market chart progresses below exponential moving averages with a period of 21 and 55 days, demonstrating the advantage of sellers in this market in the short term.On the four-hour chart, the moving averages continue to move down, maintaining the divergence, which indicates the strengthening of bears in this market in the short term.The technical picture also demonstrates the sellers' advantage with the strengthening of the downward potential, since the MACD histogram remains in the area below its central line, and the strength indicator of the current RSI movement has dropped to the 30 line, confirming the potential for sales in this market in the short term.Thus, we also intend to sell this trading instrument ...
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The GBP/USD pair strengthened in the support area of 1.3317
Forex. Pound/Dollar (GBP/USD) forecast for todayThe pound/dollar exchange rate is steadily declining. The pair has gained a foothold in the support area of 1.3317, the market trend of the last trading sessions remains. If the currency pair breaks through the support at 1.3321, then the pound can gain a foothold in a lower trading framework, at the level of reliable support at 1.3230.The yield on 10-year UK bonds has moved away from the November minimum and is now at 0.9685%.The US dollar is still strongly strengthening and putting pressure on the pound. Meanwhile, according to the latest minutes of the Fed, published on Wednesday, some of the leaders of the US Central Bank, including the deputy chairman of the Fed Richard Clarida, member of the Board of Governors Christopher Waller, as well as the heads of the Federal Reserve Banks (FRB) of St. Louis and San Francisco James Ballard and Mary Daly, have already made it clear that they are ready to discuss increasing the pace of reduction of the asset repurchase program at a meeting on December 14– 15.Market participants are likely to wait for the pound's reaction on Monday. On this day, the news background will be focused on the UK. The focus will be on the volume of consumer lending by the Bank of England, the M4 monetary aggregate, the number of mortgage loans approved and the number of mortgage loans ...
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GBP/USD fell to the level of 1.3321
Forex. Pound/Dollar (GBP/USD) forecast for todayThe currency pair is at the December price levels of last year, in a lower trading range.The yield of 10-year UK bonds is close to the October maximum, and now it is at 0.9970%.The decline of the pound is strongly influenced by the US dollar, and the reaction of market participants to American statistics. The US GDP turned out to be worse than the previous value and worse than the forecast. But inflationary indicators were the drivers of the strengthening of the dollar against the pound. The index of consumer confidence in the United States in November fell to 67.4 points compared with 71.7 points a month earlier, according to the final data of the University of Michigan. Note that this is the minimum value of the indicator for the last 10 years.Previously, the indicator was estimated at 66.8 points. Analysts predicted a revision to 66.9 points. The prospects of maintaining high growth rates of consumer prices have a negative impact on the mood of Americans.Today, the market will be waiting for the volume of UK retail sales for November. This indicator is the main indicator of consumer spending. The current value above the forecast will only strengthen the pound against the US ...
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GBP/USD - Technical analysis of the GBP/USD currency pair on November 24
With the opening of trading in Asia on Wednesday, this currency pair is trading with a decrease in quotations, remaining within the current support level at 1.3363 and the resistance level at 1.3453, where the market chart progresses below exponential moving averages with a period of 21 and 55 days, demonstrating the advantage of sellers in this market in the short term.On the four-hour chart, the moving averages have accelerated and continue to move downwards, increasing the divergence, which indicates the strengthening of bears in this market in the short term.The technical picture also demonstrates the sellers' advantage with the strengthening of the downward potential, since the MACD histogram remains in the area below its central line, and the strength indicator of the current RSI movement has fallen below the 40 line, confirming the potential for sales in this market in the short term.Thus, we also intend to sell this trading instrument ...
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Forex trading: understanding the forex market
The foreign exchange market is better known as Forex or FX. Trading in this market has become very popular in recent years. However, this is not the case - Forex trading raises a number of questions. For example: what is the foreign exchange market? Which currency pairs are best to trade? Is currency trading risky? Some of the answers to these questions will be found in this article.What is the Forex market?The foreign exchange market is also called the Forex market or the English foreign exchange market. It is simply a market where currencies are exchanged. According to the Bank for International Settlements (BIS), the foreign exchange market is the largest market in terms of total volume, with up to USD 5 trillion traded daily. It is not a physical place, but rather an electronic network where institutions or individuals trade with each other.The left-hand currency is called the base currency and the right-hand currency is called the quote currency. The second currency indicates the value relative to 1 unit of the base currency. For instance, the formula EUR/USD = 1.4000 implies that EUR/USD trades at 1.4000, i.e., 1 Euro has a value of $1.40. The first currency is always expressed in the second currency. USD/JPY at 110.50 means that one USD is worth JPY 110.50. EUR/USDWhat are the best currency pairs to trade?The best currency pairs to trade effectively depend on your trading style. If you have a short term strategy, for example, if you like to scalp, then the major currency pairs will be most profitable for you because of the low spreads.On the other hand, for a fundamental trader, smaller currency pairs will be of interest based on long-term analysis. The most profitable currency pairs may be those involving the Australian dollar, Japanese yen or Canadian dollar.The best forex currency pairs:EUR/USD: this pair has the lowest spread and is not very volatile.GBP/USD: this pair is interesting in terms of spreads and possible gaps, but it is quite volatile.USD/JPY: this pair has low spreads and offers some interesting possibilities. GBP/USDHow to get started trading currencies online?To start trading currencies online, follow these steps:- Choose a regulated and reputable broker- Choose a broker by the quality of execution of trading instructions- Decide on the trading style that suits you best (scalping, intraday trading, swing trading - you keep your position open for several days)- Determine the appropriate leverage effect in the stock market according to your strategy and experience.- Do not invest more than you can afford to lose.- Choose an intuitive, simple and secure trading platform such as MetaTrader 4.- Try all the above steps on a demo account, before trading live.Read more: Features of intraday trading on the Forex marketGoldIs online currency trading dangerous?Like any financial investment, currency trading online is subject to risks. However, there are different methods to control these risks:- Determine the price of the currency pair at which you want to close a position if developments are unfavourable (for example, if you buy and the price falls, or if you sell and the price rises),- Determine the size of the trade so that your potential loss should not exceed 2-3% of your capital per trade,- Estimate your risk/return ratio (loss/profit) before you open the trade. By default you should have a greater potential for profit than loss, e.g. risk 50 pips, but try to make a profit of e.g. 100 pips.For proper money management and risk reduction it is advisable to start trading on a demo account and try things out on the dirt first. Such an account will allow you to trade in real market conditions, but with fictitious capital, so that you have a complete understanding of the foreign exchange market without any risk.Read more: Forex broker: how to choose a good ...
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