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Technical analysis 05.09.18

GBPUSD

The pair is under pressure and is below 1.2855 not only due to the concerns over Theresa May’s inability to solve the Brexit crisis, but also due to the vocal indicators of slowed economic growth in the country.

The price is below the middle Bollinger band, below SMA 5 …

Technical analysis 04.09.18

GBPUSD

The pair is below the level of 1.2855 as Theresa May’s Cabinet is deemed unable to solve the Brexit crisis.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone and is moving down. Stoch are also falling in …

Technical analysis 03.09.18

AUDUSD

The pair is below 0.7200 as the world economy is feared to be unable to continue growing against the background of the trade wars started by the US. Another negative factor for the pair is the released PMI data in China which showed a decline from 50.8 to 50.6 …

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