Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Bitcoin analysis for September 11, 2018

September 12, 2018 Analytics

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Recently, the GBP/USD has been trading sideways at the price of 1.3018. Anyway, I found the fake breakout of the 2-week high at the price of 1.3042 (strong resistance), which is a sign that buying looks risky. I also found a hidden bearish divergence on the MACD oscillator and breakout of the support trendline, which is another sign of weakness. Watch for selling opportunities. The downward target is set at the price of 1.2920.

The material has been provided by InstaForex Company – www.instaforex.com

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