Five expect this to happen in as little as a year. Nine believe it will take longer:
- The median prediction is that unemployment will peak at 6.5 percent, and will likely happen in the 4th quarter of 2021;
- The median forecast for British GDP for 2021 was 4.6% vs. the previous estimate of 4.7%; for 2022, 5.7% vs. pre. 5,5%;
- None of the economists surveyed expect the Bank of England to make any changes to its monetary policy following its meeting on March 18.
GBP/USD, 30 min
Pivot: 1.3973
Analysis:
Provided that the currency pair is traded below 1.4000, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.3973
- Take Profit 1: 1.3940
- Take Profit 2: 1.3915
Alternative scenario:
In case of breakout of the level 1.4000, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.4000
- Take Profit 1: 1.4020
- Take Profit 2: 1.4040
Comment:
RSI shows descending momentum during the day.
Key levels:
Resistance Support
1.4040 1.3940
1.4020 1.3915
1.4000 1.3900
GBP/USD, D1
Pivot: 1.3933
Analysis:
While the price is above 1.3745, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.3933
- Take Profit 1: 1.4180
- Take Profit 2: 1.4370
Alternative scenario:
If the level 1.3745 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3745
- Take Profit 1: 1.3500
- Take Profit 2: 1.3300
Comment:
RSI indicates that an uptrend continues in the medium term.
Key levels:
Resistance Support
1.4550 1.3745
1.4370 1.3500
1.4180 1.3300
USD/CAD Forecast Fundamental Analysis | US Dollar / Canadian Dollar
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