Technical Analysis – 3rd September, 2014 | Vantage FX

Technical Analysis – 4th September, 2014

September 4, 2014

Thursday 4, September 2014


Intraday Support & Resistance Levels


Technical Indicator Signals


Currency Pair Spotlight

GBPUSD: The Sterling kept falling yesterday against Dollar. The latest poll shows that more people in Scotland are in favor of quitting the United Kingdom, which is a clarion for selling Sterling as an event like this would be a disaster for the UK and Scottish economy. Pound/Dollar has reached 7-month low 1.6440. As RSI has reached the bottom below 30, there is a risk of bounce from the current level in short term. However, the bearish trend may probably continue. The resistance is August low 1.6530 and the next bear s’ target may be 1.6250.

For a full market wrap up, see Anthony’s Daily Forex Market Report.


Today’s Key Economic Calendar Events

For the full week’s outlook of events, please see our Economic Calendar


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