FOREX forecast GBP/USD: bearish trend is not broken

Posted 06 September, 2022

GBP/USD four-hour chart. The currency pair showed good corrective growth from the level (2/8). At the same time, the global trend remains bearish, so from the current levels, we can expect the formation of a reversal formation and the resumption of the downward movement towards the level (2/8).

An additional signal to confirm the completion of the bearish scenario should be a price drop below the four-hour supertrend line. In this case, we can expect the price to drop to 1.1475 (2/8) in the next 1-2 days.

 

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06 September, 2022 10:26

← Oil price forecast. OPEC shows intentions, while oil tries to return to 95-100

The OPEC+ summit agreed to cut oil production by 100,000 barrels per day in October.

Oil price forecast. OPEC shows intentions, while oil tries to return to 95-100

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04 August, 2022 10:12

Forecast EUR/USD. The price wants to go down, but buyers are still holding the line →

The price slipped from the local maximum to the previously formed local minimum.

Forecast EUR/USD. The price wants to go down, but buyers are still holding the line
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