GBP/USD

Yesterday, the market was slightly shaken by the Federal Reserve’s optimistic economic forecast for the United States, but these forecasts are still insufficient for the development and continuation of risk sentiment. The price went slightly above the target level 1.3950 and shows an intention to turn down. Such a sign is now shown by the Marlin oscillator, which is unfolding to the downside from the border of the growth territory.

analytics6052c4f5d46b4.jpg

The price settled above the balance and MACD indicator lines on the four-hour chart, while Marlin entered the zone of positive values and this indicates the complexity of the expected reversal. The reversal will complete when the price returns under the MACD line, below 1.3870. Of course, the price may rise a little more (at least for speculative reasons), so we advise you to wait until a more stable technical situation is created.

analytics6052c500d08b4.jpg

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.