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Business / Finance

Fundamental analysis of Viktor Makeyev 17.08.2017

MQL5: Blogs Traders 17.08.2017 at 08:50

Blogs traders and analyst of financial markets

The foreign EXCHANGE MARKET: POUND CONTINUES to lose ground

If you concentrate only on the currency pair U.S. dollar against the pound, it may seem that finally the Briton begin to show signs of recovery. However, the rebound from 1.28690 to 1.28908 more was caused by the weakening of the dollar index and the dollar to the Japanese yen, retreating from 110.924 local resistance to 110.150.

relative to other commodity currencies, the pound has started to recede. Particularly striking pattern was observed in tool pound the canadian dollar, where after the breakdown 1.64500 and clear local database on 1.64234 began almost recoilless decline and the closing wide-range candle. In the end, the market continues to win back yesterday's negative statistics on British.