GBPUSD Daily Analysis

I'm really happy to analyse the GBPUSD. This rate is known by "Cable". It's really difficult to trade this rate, because the volatility of this currency pair is higher than others. Both regions have their own central bank, so you should be aware about the macroeconomic figures, the policies of the different central Banks (Fed and BoE in this study), the aim of the central Banks.

 GBPUSD Daily 2Years

This chart shows the evolution of the cable during the last 2 years. As you can see it has moved between 1.46000 and 1.72000. One of the most important level to have in mind is the 1.57700, because it is an important level. I would like to mark that the USD has strenghtened since the last August for the rumors of the US interest rate rise. But if we compare the economic situation of both economic areas, they are doing well. They boosted the economy at the right time. In UK, the people are concern about the future of the Eurozone and they prefer to leave Europe but they are currently studying the impact of a theorical Brexit.

GBPUSD Daily 1Year with MACD and RSI

 

This chart shows the 1 year history of GBPUSD with daily candles. You can see a MACD and RSI, it seems that it can go up a bit, but the main trend durind the last year is bear. We should have in mind the upcoming rise of US interest rates. It's probable that UK will raise rates after US.

The Exponential Moving Averages are the following:
          -EMA 200 1.55186
          -EMA 100 1.53199
          -EMA 50   1.53233
          -EMA 20   1.54098


Analysis of GBPUSD Daily

 

Table 1: Statistics                                   

 

 

As we can see in the table the range is really big. Even the standard deviation is higher than EURUSD. Also we have long tails, it means that we should take care and use always stop loss.

 



Table 2: Intervals, frecuencies, probabilities                             

 

 

 

 Charts about the Statistical Studio

I hope you had enjoyed with this article and this blog. I'm opened to receive suggestions or doubts, also if you are interested in some currency pair or bond future I will be really happy to share my perspective.