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Technical Analysis
Daily Market Analysis from ForexMart
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[QUOTE="Andrea ForexMart, post: 100040, member: 36651"] [B][SIZE=5]Technical Analysis for GBP/USD: April 11, 2016[/SIZE][/B] The UK investors were perturbed by the poor macroeconomic data. Because of the seasonal correction which came at 1.1%, The Manufacturing Production for February decreased wherein it was way farther than the reported 0.2%. Moreover, from 12.16 billion pounds in January to 11.96 billion pounds in February, the Britain Trade Balance Deficit lessened. The first support occurs at 1.4080 and at 1.4000 subsequently. The first resistance lies at 1.4160 and at 1.4240 subsequently. A confirmed and a sturdy sell signal has been found. The price is below the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen displays a descending movement and the Kijun-sen forms a horizontal motion. The descending movement will remain until the price is below the Cloud. The MACD indicator is in a negative location. The price is retrieving. [ATTACH=full]7220[/ATTACH] [/QUOTE]
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