Forecast for GBP/USD on October 5, 2022 | Market Analysis
 

Analytical Reviews

Forexmart's analytical reviews provide up-to-date technical information about the financial market. These reports range from stock trends, to financial forecasts, to global economy reports, and political news that impact the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Forecast for GBP/USD on October 5, 2022
23:00 2022-10-04 UTC--4

The pound has almost reached the MACD indicator line on the daily timescale. The Marlin Oscillator is starting to turn down.

This is probably still the limit of the pound's correctional growth, and now it needs to think about how to settle under the nearest level of 1.1305. After that, the task of developing a medium-term decline will be greatly facilitated. An exit above 1.1500 with a consolidation above the MACD indicator line of the daily timeframe can once again push the price up to the level of 1.1760.

analytics633cedd42b793.jpg

On the four-hour chart, despite the strong three-day growth, the Marlin Oscillator refuses to grow, it continues to move sideways just above the zero line. This circumstance increases the chances of a price reversal from current levels. The start of the medium-term decline can push the price to consolidate at 1.1305.

コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.