The analysis shows a variety of moving averages and oscillators, and an overall buy/sell score based on the combination of all the indicators. All the figures update live based on each new market tick.
The moving averages combine traditional calculations (EMA, SMA) with averages which are designed to respond more quickly to changes in price, and to track the current price more closely (Hull, Arnaud Legoux). The table is colour-coded based on whether the current price is above (bullish) or below (bearish) each moving average.
The oscillators track over-bought and over-sold conditions. For example, a value of 80+ on the Stochastic oscillator is traditionally regarded as an over-bought signal, and therefore bearish.
The technical analysis also shows daily pivot points using a variety of popular calculations. If the current price has breached a support level, then that is considered as bearish. Conversely, the analysis regards it as bullish if the price is above a resistance level.
You can change the periods which are used for moving averages, and for oscillators. Adding more moving averages will change their weight in the total score compared to the oscillators. Conversely, adding or removing oscillators will change their contribution to the overall score relative to the moving averages.
The GBPUSD currency pair is one of the largest and most commonly traded currency crosses on the forex market. The pair is often referred to as the "cable," in reference to the transatlantic telegraph wires connecting London and New York. The GBPUSD represents almost 15% of the total daily volume of transactions in forex. With such a formidable volume, GBP/USD is a definitive benchmark by which exchange rate valuations are measured globally. The pair represents two economies: British and American. After the result of the Brexit referendum, this pair has been suffering some turbulence due to risk related with the abandonment process from the European Union. The GBPUSD belongs to the group of 'Majors', which stands for the most important pairs in the world. Other currency pairs in this group are: EUR/USD, USD/JPY, AUD/USD, USD/CHF, NZD/USD and USD/CAD.