Printable View
http://prntscr.com/4g6sqn
analysis for today 8 / 25 / 2014
GBP/USD
Resistance : R1 1.6612 R2 1.6637 R3 1.6657 R4 1.6687
Support : S1 1.6484 S2 1.6459 S3 1.6439 S4 1.6409
Open : 1.6548
High : 1.6559
Low : 1.6537
Range : 22 Pips
Running Price : 1.6557
Strategy : SELL at the level 1.6557 stop loss at the level 1.6612 target take profit at the level 1.6439 or at the level 1.6409
Trading analysis for 25th August, 2014. In Daily chart GBPUSD shows bearish trend. GBPUSD breaks 1st and 2nd support levels. At present GBPUSD little bit above from the 1st support level. It shows further go downside to the strongest support level i.e., 1.65012.
Pivot: 1.65750
Resistance levels
R1 1.65899
R2 1.66095
R3 1.66244
R4 1.66392
Support levels
S1 1.65554
S2 1.65405
S3 1.65209
S4 1.65012
Attachment 11188
http://prntscr.com/4g88ze
analysis for today 8 / 25 / 2014
GBP/USD (Daily Trade)
I think the movement is still in a bearish trend
replacement (38.2%) 1.6573
Retracement (50%) 1.6578
retracement (61,8%) 1.6582
Extensions (61.8%) 1.6538
Extensions (100.0%) 1.6525
Extensions (138.2%) 1.6512
Extensions (161.8%) 1.6503
calculation based on a Fibonacci retracement then today I choose sell
pair- gbp/usd
chart analysis time frame- m15
http://i62.tinypic.com/2i8x4ee.jpg
the price is open with some negative gap that is filledup and price moving up side. this is try to break the daily pivot point at the 1.6575 level and moving up but now the rsi indicator is showing overbought so it will again falling down. short with the take profit at the 1.6300 and stop loss at 1.6600
good luck
Trading analysis for 26th August, 2014. In Daily chart GBPUSD return from 1st support level. The price going toward the 1st resistance level but not break the 1st resistance level. At present the price is at pivot point. If it continue to break 1st 2nd and 3rd resistance levels then you say that bullish trend started.
Pivot: 1.65702
Resistance levels
R1 1.66040
R2 1.66307
R3 1.66645
R4 1.66982
Support levels
S1 1.65435
S2 1.65097
S3 1.64830
S4 1.64562
Attachment 11192
http://prntscr.com/4gkeig
analysis for today 8 / 26 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBP / USD on the date 8 / 25 / 2014
OPEN 1.6548
HIGH 1.6598
LOW 1.6537
CLOSED 1.6577
The third resistance (R3) 1.6598 -( 1.6571 - 1.6537 = 0.0034 x 2 = 0.0067 )= 1.6665
The second Resistance (R2) 1.6571 + 1.6598 - 1.6537 = 1.6632
First resistance (R1) 1.6571 x 2 = 3.3141 - 1.6537 = 1.6604
pivot points 1.6598 + 1.6537 + 1.6577 = 4.9712 / 3 = 1.6571
Support for the first (S1) 1.6571 x 2 = 3.3141 - 1.6598 = 1.6543
Support second (S2) 1.6571 -( 1.6598 - 1.6537 = 0.0061 ) = 1.6510
Third Support (S3) 1.6537 -( 1.6598 - 1.6571 = 0.0027 x 2 = 0.0055 )= 1.6482
26.08.2014 10:10 GBPUSD
GBPUSD: growth before the publication of data from the British Bankers' Association
Buy on a level breakthrough of 1.6600 with a 1.6660 target. Stop loss = 1.6550.
Reason for the trading strategy.
Today at 8.30 GMT, a publication on the number of new mortgages approved in the UK as calculated by the British Bankers' Association will be released. In the case of the expected growth of this index in July from 43.3 thousand to 44.2 thousand, the demand for the British currency will increase.
GBPUSD, H4
https://www.exness.com/media/2014/08/26/1_1.png
http://prntscr.com/4gk0uu
analysis for today 8 / 26 / 2014
GBP/USD
Resistance : R1 1.6640 R2 1.6665 R3 1.6685 R4 1.6715
Support : S1 1.6519 S2 1.6494 S3 1.6474 S4 1.6444
Open : 1.6578
High : 1.6594
Low : 1.6565
Range : 29 Pips
Running Price : 1.6581
Strategy : SELL at the level 1.6581 stop loss at the level 1.6640 target take profit at the level 1.6474 or at the level 1.6444
http://prntscr.com/4eygf3
analysis for today 8 / 22 / 2014
GBP/USD (Daily Trade)
I think the movement is still in a bearish trend
replacement (38.2%) 1.6577
Retracement (50%) 1.6582
retracement (61,8%) 1.6586
Extensions (61.8%) 1.6540
Extensions (100.0%) 1.6526
Extensions (138.2%) 1.6512
Extensions (161.8%) 1.6503
calculation based on a Fibonacci retracement then today I choose sell
pair- gbp/usd
chart analysis time frame- m15
http://i57.tinypic.com/2cpon08.jpg
the price movement can see in the down trend channel pattern with having the resistance at 1.6590 and the support at 1.6565 level. its again moving up side from the supporting trend line to continue in channel pattern. long with take profit at 1.6590 and stop loss at 1.6540
good luck