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From the pair GBP / USD looks like the bears still take the case seriously, very good down the last days and the weekend went very near the major support, MACD - Histogram draws new lows and now prepare to break through the signal line 0 ... so I wait with 1 .5900 looking penetration and activation of a new wave of sales ..
I can see a broken trend as shown in the daily chart attached
so next week my be for sell until reaching 1.5750
http://charts.mql5.com/2/943/gbpusd-...orex-group.png
analysis for today 11 / 4 / 2013
My daily trading,I hope the day is a success ...
GBP/USD (Daily Trade)
Resistance : R1 1.5995 R2 1.6020 R3 1.6040 R4 1.6070
Support : S1 1.5863 S2 1.5838 S3 1.5818 S4 1.5788
Open : 1.5924
High : 1.5938
Low : 1.5920
Range : 18 Pips
Running Price : 1.5931
For intraday trade today suggest SELL at the level 1.5931 stop loss at the level 1.5995 target take profit at the level 1.5818 or at the level 1.5788
GBPUSD for today's analysis by using a simple moving average on the 1 hour time frame
SIMPLE Moving average 5 1.592580 BUY
SIMPLE Moving average 10 1.592695 BUY
SIMPLE Moving average 20 1.596336 SELL
SIMPLE Moving average 50 1.600614 SELL
SIMPLE Moving average 100 1.603677 SELL
overall trend neutral
Todays trading analysis. In daily chart GBPUSD near the 1st support i.e., 1.58737 and below the pivot point. From my point of view we wait and see the price action if its break the 1st support or reversal from the first support.
Pivot: 1.59591
Resistance levels
R1 1.60100
R2 1.60954
R3 1.61463
R4 1.61971
Support levels
S1 1.58737
S2 1.58228
S3 1.57374
S4 1.56519
Attachment 9258
Standart Pivot Point - Support - Resistance
Update: 4 Nov 2013 13:29
Time Frame : Daily
PAIR : GBPUSD
LOW : 1.5908
HIGH : 1.6045
CLOSE : 1.5923
S3 : 1.5735
S2 : 1.5822
S1 : 1.5872
Pivot : 1.5959
R1 : 1.6009
R2 : 1.6096
R3 : 1.6146
pair- gbp/usd
chart analysis- H4 ( fibo analysis )
http://i44.tinypic.com/2zohwmd.png
as the moving average 200 has been break and price is now will be moving at the lower resistance ( fibo 100 ) 1.5890. if this support will break then price will be move at the 127.0 then up movement can expected.
Great britian pound vs us doller. Us doller cover his position after a bigg down point. Because previous week usd down 340 point down. Theirfore gbp was very top in most pair. But now usd reached his normal position and this pair is now at risk point.
analysis for today 11 / 4 / 2013
GBP/USD (Daily Trade)
Resistance 3 1.6034
Resistance 2 1.6004
Resistance 1 1.5984
Pivot Point 1.5926
Support 1 1.5865
Support 2 1.5845
Support 3 1.5815
BUY STOP 1.5984 STOP LOSS 1.5865 TAKE PROFIT 1.6004 OR 1.6034
GBPUSD for today's analysis by using a simple moving average on the 1 hour time frame
SIMPLE Moving average 5 1.593940 BUY
SIMPLE Moving average 10 1.593412 BUY
SIMPLE Moving average 20 1.593166 BUY
SIMPLE Moving average 50 1.598970 SELL
SIMPLE Moving average 100 1.602065 SELL
overall trend neutral