Gbp/Usd

[achyut]

Weekly forecast: GBPUSD 03-07 Nov. 2014

Technical analysis for weekly forecast for GBPUSD 03-07 Nov. 2014. In weekly chart GBPUSD shows bearish trend. At present GBPUSD below the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 1.55135.

Pivot: 1.60384

Resistance levels

R1 1.61352
R2 1.62779
R3 1.63747
R4 1.64715

Support levels

S1 1.58957
S2 1.57989
S3 1.56562
S4 1.55135

[Gamabunta]

I think that the price will rise from the support level at 1.5951 that's why we can get in long position with take profit at 1.6034.

[monta]

cci(14) : -46.712

bulls (13) : -0.001

i see the in pair down trend

so i will sell from : 1.5995

and my target today is : 1.5795

good luck

[hmmo]

The price is located below the grey line 1.6004 of the MBFX indicator on the GBPUSD chart for today 31/10/2014 And when taking a look on vestro indicator it makes a bullish saturation on its last move to form a sell signal for the coming time According to this considering a bearish trend is strongly recomanded till the vestro indicates another signal Taking a sell trades will be my choise for this day targeting the support levels at 1.596 and 1.5916 on a row .

[samoo]

As you can see on the GBPUSD chart there are a bearish signal formed by the histogram indicator by getting a red line which appears below the level 0 .
On the other hand the Market emotion indicators shows a kind of bearish direction as you can see it is showing a red line for the last candle.
About the Guru indicator it is also showing a signal by seeing the line below the level 0 and the last bars is red then it is a good bearish signal.
Finally there are a sell cross formed by the two exponential moving averages 9 and 152 then you can consider a bearish trend on the coming candles.
As I think according to what you can see above selling is the side that I will choose in the current time and for a take profit the level of 1.5913 is a good area as you can see it is the first support that the price can meet

[ali90]

When we see the chart of GBPUSD there is down trend with down arrows and red candles in Henkin Ashi indicatror In the same time T3-Clean indicator makes an intersection with thw Snake indicator which make sell signal for now Finally there is red signal at the trend-session that shows a strong possibility for down trend if we saw the last signal I think we should choose sell orders and it is the best betting for now for the sell operation target the support 1.5917 is the best point to claim your profits

[frx17]

GBPUSD today, buy at 1.5950 if not break with take profit at open price 1.6000. becarefull if break at 1.5950 it will make gbpusd down

[troykilson]

by viewing the GBPUSD chart of the day we conclude that strong bearish trend happened due to the blade oscillator of value 0.0018 located below the balance level of the indicator which shows a red signal to conclude a strong indication that a bearish direction happen on the short run. By the way the moving average 5 on the chart giving us a down indication then the top placed at price 1.598 can be taken as a stop loss point for the sell orders given by the indicators that we deal with them.

[maggie]

While monitoring the GBPUSD I came to realize that a bearish trend is being formed today on the chart and of course I came to that conclusion because of the red signal performed by the super trend indicator giving me a hint on where the market supposedly would be heading.
The Nolog dot indicator giving us a red colored dot indicating that a sell signal should be taking place soon.
A strong bearish trend is indicated by the signals encouraging us to take sell trades but that of course as long as there is no changes on the signals.
In order to be safe we should think of the best position to act as our stop loss I believe the resistance located at the price 1.599 would be the perfect place for that but if this method is not convincing enough then waiting for the super trend�s color to change to green would be a good idea as well since the bearish trend would certainly be over if it met any of those conditions.
.

[mary]

Obviously in front of us on the GBPUSD chart we can clearly see that there is a down trend taking place as we speak and from its looks of it seems to be a main trend of course that was confirmed when the 6 and 5 EMAs were located below the 35 EMA.
From the looks of it making sell orders would be the wisest decision once a bearish direction is confirmed by the other indicators.
Also there are dots located above the candlesticks from the parabolic sar indicators showing us a downward direction adding to that the downward signal formed by the cci line when it got located at the lower level.
Also to be sure we get a sell signal from the MACD indicator as it was moving below the level 0.
So In the end I do think selling would work greatly for me according to what we witnessed up till now unless an opposite bullish signal appears.
.