House prices increase in UK bullish for GBPUSD
Technical Analysis Summary GBP/USD: Buy
| Indicator | VALUE | Signal |
| RSI | Neutrální | |
| MACD | Buy | |
| Donchian Channel | Buy | |
| MA(200) | Buy | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
Chart Analysis
On 1-hour timeframe GBPUSD: H1 is edging higher above the 200-period moving average MA(200) which is rising. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 1.2473. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.2375. After placing the order, the stop loss is to be moved to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamentální analýza -
House Price Index rose in Britain in March. Will the GBPUSD rise?
House Price Index rose in Britain in March: nationwide HPI rose 0.8% after 0.3% gain in February, when no change was expected. This is bullish for GBPUSD.