empty
 
 
16.08.2019 07:04 AM
Forecast for GBP/USD on August 16, 2019

GBP/USD

On Thursday, the release of British data on retail sales for July showed an increase of the indicator by 0.2% against the pessimistic forecast of -0.3%. By lunchtime, the pound grew 100 points against the rest of the market, almost reaching the first rising target, but by the evening, after the release of US retail sales data, it lost more than half of this growth - the US retail sales added 0.7%. As a result, the pound closed the day with a growth of 34 points.

This image is no longer relevant

Thus, the convergence on the Marlin oscillator on the daily chart still worked, and the likelihood of a further decrease due to the worked convergence increased. But for the price, convergence only worked out with a minimal change, growth can continue to the next target level of 223.6% Fibonacci (1.2230). But there are no external prerequisites for this yet - good construction data is expected in the United States today: the number of bookings of new houses in July could grow from 1.25 million to 1.26 million, the indicator of issued permits for the construction of a new house can show growth from 1.23 million y/y to 1.27 million y/y. As a result, we are waiting for the implementation of the main scenario - price consolidation in the range of 1.1986-1.2032. The target range is formed by Fibonacci levels of 1.1986-1.2032.

This image is no longer relevant

On a smaller four-hour chart, the price develops between the balance land MACD lines, the Marlin oscillator indicates growth - here the situation is neutral.

Laurie Bailey,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $8000 mais!
    Em Março nós sorteamos $8000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback