www.varchev.com

GBP / USD: medium-term movement is long, but no signal trading

GBP / USD trend is short, but medium-term movement is long

 

Price still traded above 30 period value and support over the diagonal, indicating that the medium-term movement is still ascending, but we do not buy signal. Signal would have if 5 period average crosses above 13 period and CCI crosses above 0.

 

Crossing price below 1.5314 will indicate that there is a change of sentiment and new downward cycle of medium movement, then sell.


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance