Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Saturday, July 14, 2018
GBPUSD British Pound Daily Chart; Death Cross
Here is the pound, or sterling, GBPUSD, daily chart showing the death cross a couple weeks ago (black circle). The pound is pounded. The currency pair number at 1.323 weakens as the pound weakens and weakens more as the US dollar rises. As always, price usually bounces when the death cross occurs and you can see that the pound is chopping sideways for the last month. Sterling will continue to weaken in the weeks ahead if the death cross remains in play. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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