💷GBP/USD Oversold
📊Currency pairs oscillate between being overbought and oversold. Overbought refers to a prolonged price increase, whereas oversold refers to a prolonged price decrease. Price will eventually reverse its direction because it cannot move in one direction indefinitely.
📈All the major indicators show that the GBP/USD is oversold :
☑️Relative Strength Index - 25
The RSI is considered overbought when it rises above 70 and oversold when it falls below 30.
☑️Relative Strength Index - 25
The RSI is considered overbought when it rises above 70 and oversold when it falls below 30.
☑️ Stochastic - 11
When the Stochastic lines are less than 20, the market is considered oversold.
☑️ Williams %R - 89
When readings range from -80 to -100, it indicates that the market is oversold.
When the Stochastic lines are less than 20, the market is considered oversold.
☑️ Williams %R - 89
When readings range from -80 to -100, it indicates that the market is oversold.
☑️ Bollinger Bands - 1.15
The market is overbought if the price is close to or above the upper band. The market is oversold as the price moves below the lower band.
The market is overbought if the price is close to or above the upper band. The market is oversold as the price moves below the lower band.
☑️ Keltner Channel - 1.15
This indicator is similar to Bollinger Bands, but instead of standard deviation (SD), Keltner Channels use average true range (ATR).
This indicator is similar to Bollinger Bands, but instead of standard deviation (SD), Keltner Channels use average true range (ATR).
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