the pair succeeded to break the uptrend on the daily chart
and i think it is better to go for short after closing one daily candle under 0.8500 level
![]()
the pair succeeded to break the uptrend on the daily chart
and i think it is better to go for short after closing one daily candle under 0.8500 level
![]()
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Forex Basics
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Eur/gbp technical analysis
date : 08.31.2013
time : 12:15 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 42.90
2) MACD (26,12,9)
value: 0.0002
3) ADX (14)
value: 26.46
4)CCI(14)
value: -112.51
overall trend - strongly bearish.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Eur/gbp technical analysis
date : 08.30.2013
time : 17:00 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 46.76
2) MACD (26,12,9)
value: -0.0004
3) ADX (14)
value: 31.09
4)CCI(14)
value: -51.87
overall trend - slightly bearish.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
the H1 time frame charts on currency pairs eur/gbp
such as the support resistance on
R3 = 0.8642
R2 = 0.8617
R1 = 0.8578
Pivots = 0.8553
S1 = 0.8514
S2 = 0.8489
S3 = 0.845
with today's market position is at point 0.8532
then I strongly recomended you to the open position BUY
consideration for stop loss at 0.8512 and take profit at 0.8552 Good luck all
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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