The EURGBP trades below 200 day MA

Tests the January 2018 lowHelping the GBPUSDs run up is a weaker EURGBP.Looking at the daily chart above, the price has moved back below the 200 day MA at 0.88296. Earlier in the month the price traded below the MA line but could not sustain selling. The low for the month reached 0.8808. The low price […]

GBP/USD: ‘Swexit’ next? what would it mean for GBP? — BTMU

BTMU on Switzerland’s referendum BTMU Research discusses GBP outlook in light of the contentious issue of immigration in the EU which came to fore again yesterday with the ultra-conservative Swiss People’s Party (SVP) receiving official approval to collect the required 100,000 signatures required in order to hold a referendum on changing the constitution that would effectively give Swiss politicians […]

Forex technical analysis: AUDUSD tests 0.8000 again

Retraces back to the highs of the dayThe AUDUSD moved up to a high of 0.79986 in the Asia-Paciific session, stalled against the 0.8000 area, and fell to 0.7939. That retracement level was where the 38.2% of the move up from Friday’s swing low (the last leg higher). The buyers remain in control.The price is […]