- Analytics
- Weekly Video Overview
GB100 Price Bias Is Still Bearish
The GB100,H4 price forecast in our July 24, 2020 technical analysis was bearish.
- Market data after GB100,H4 July 24, 2020 technical analysis still indicate bearish bias.
- GB100,H4 closed 0.9% lower on July 24, 2020.
- But better than expected composite PMI flash reading for July add to the upside risk for GB100.
Here is what indicators show as of July 27, 2020:
- The Parabolic Indicator gives a bearish signal.
- The Donchian channel indicates no trend: it is flat.
- The MACD indicator gives a bearish signal.
- The RSI oscillator gives a neutral signal.
- The Fractals give a bearish signal.
- The MA(200) Indicator gives a bearish signal.
So the bearish forecast still stands for the GB100,H4.
Order | SELL |
Sell stop | Below 6096.46 |
Stop loss | Above 6276.56 |
Markit’s July 24, 2020 report
New Exclusive Analytical Tool
Any date range - from 1 day to 1 year
Any Trading Group - Forex, Stocks, Indices, etc.