24 Mar 2014
GBP/USD eases lower from 1.6500 test
FXStreet (Barcelona) - Having spent the day in and around the 1.6500 mark, GBP/USD has declined to where it is presently trading at 1.6478, down -0.06% on the day.
With a quiet economic calendar today, GBP/USD has lacked real momentum, but looks to be edging lower as US stocks have pushed into the red, with the DJIA down -0.36%. Tomorrow is a key day for UK data with CPI the headline event amongst a glut of others.
GBP/USD Technicals
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slighty bearish. RSI is in neutral territory at 39.93, down from it’s last hourly close at 40.79, while ADX is ranging above 30 at 13.11, up from 11.80 at the last
hourly close. Daily RSI sits at 37.43, in neutral territory.
A declining 200 SMA on the hourly GBP/USD chart is currently at 1.6497, down from 1.6585 at the previous close. Moving with a downward trend, the exponential average closing price is 1.6603.
On the hourly GBP/USD chart, ATR (14) is presently at 9 pips, while 2-Standard Deviation Volatility Bandwidth is shrinking and currently 27 pips.Daily 2-Standard Deviation Volatility Bandwidth is at 273 pips and expanding.
With a quiet economic calendar today, GBP/USD has lacked real momentum, but looks to be edging lower as US stocks have pushed into the red, with the DJIA down -0.36%. Tomorrow is a key day for UK data with CPI the headline event amongst a glut of others.
GBP/USD Technicals
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slighty bearish. RSI is in neutral territory at 39.93, down from it’s last hourly close at 40.79, while ADX is ranging above 30 at 13.11, up from 11.80 at the last
hourly close. Daily RSI sits at 37.43, in neutral territory.
A declining 200 SMA on the hourly GBP/USD chart is currently at 1.6497, down from 1.6585 at the previous close. Moving with a downward trend, the exponential average closing price is 1.6603.
On the hourly GBP/USD chart, ATR (14) is presently at 9 pips, while 2-Standard Deviation Volatility Bandwidth is shrinking and currently 27 pips.Daily 2-Standard Deviation Volatility Bandwidth is at 273 pips and expanding.