Gbp/Usd

[Ex.ness Support]

02.12.2014 7:07 GBPUSD
In the short term the pound may test the 1.5827 level

Buy on a level breakthrough of 1.5763 with 1.5827 target. Stop loss = 1.5710.

Reason for the trading strategy

The November increase in the business activity index in UK's manufacturing sector from 53.3 p. to 53.5 p. is encouraging recovery in the real sector of the world's 6th economy. Note that at the end of September, industrial production in the UK rose by 0.6% (m/m) and 1.5% (y/y). The labor market in this country also demonstrates good dynamics. In September, the unemployment rate in the UK amounted to 6%. Meanwhile, low inflationary pressure does not allow the Bank of England to start tightening its monetary policy.

GBPUSD, H4

[osos]

The selling signal appearing right in front of us today on the GBPUSD 1 hour chart the red arrow which is the last signal shown by the EMA crossover indicator using 2 exponential moving average lines of non-similar shifts.
A sell signal is being performed when the red line becomes located below the blue one.
The QQE indicator will be giving me a filtering signal by showing us a sell cross when the lines go below the fifty levels.
sell is the order I'll be choosing to target the level 1.5755 which is a support or the other option when a buy cross is created by the 2 exponential moving average lines.
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[troykilson]

According to the analysis made upon the GBPUSD chart today I do notice that a strong bearish trend is taking place based on the oscillator which is now at 0.0024 area located below the balance level while at the same time the indicator is giving us a red signal which makes a strong indication that a bearish direction is taking place on the short term.
The moving average 5 on the chart giving us a down slope the top located at the price 1.569 could be considered a good stop loss for if there were sell orders indicated by the indicators we are using.
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[hatrik]

The momentum indicator shows a clear cross on the GBPUSD chart when the blue line heads below the red line to construct a very good selling signal for now.
On the Oracle Strength indicator a red color is shown and it is an indication for the bearish direction for the GBPUSD pair.
The red color of the arrows can be a confirmation for the downward direction at the Oracle direction indicator.
As a result of the previous indicators the bearish trend would be appeared as the sell cross of the momentum indicator appears on the chart and the sell trades advised to be taken as the ATR indicator still showing a sell signals.

[ralf]

We can see that the price of the GBPUSD chart we can see that the price is moving below the EMA indicator wave to make a bearish direction during the day.
Also the RSI indicator shows a sell signal which shows by the line going below the center line of 35.
This can be combined with the data from the Macd indicator that is shown by the green lines that going down to indicate that the market bears bulls are dominating on the market for now.
I think that you should think in going for bears until another buy until another above the wave of the EMA indicators .

[BURHANFX]

analysis for today 12 / 2 / 2014
GBP/USD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.5724
Retracement (50%) 1.5718
retracement (61,8%) 1.5712

Extensions (61.8%) 1.5772
Extensions (100.0%) 1.5790
Extensions (138.2%) 1.5808
Extensions (161.8%) 1.5820
calculation based on a Fibonacci retracement then today I choose buy

[aliali1]

On the GBPUSD one hour chart you can see a red arrow which indicates a bearish trend for now which has a top supporting it at 1.5745 also it can be used as a strong resistance as the price shouldn't go above it the trend still as a bearish trend.
And the dots of the parabolic sar indicator located above the candles and that sign for the price to go down In case of there are selling trades are taking place then i think that the 1.5695 is a good place to close a part from your opening trades because the price has a good chance to go up after hitting it.

[greenking]

In the GBP-USD , price actions from 1.3503 (2009 low) are dealt with as combinations to long haul down pattern from 2.1161. The current improvement, with medium term top structured at 1.7190, contends that such merging is perhaps finished, just beneath half retracement from 2.1161 to 1.3503 at 1.7332. The firm break of 55 weeks EMA attested this bearish case and GBP-USD is presently heading again to 1.4813 key support level.

[samoo]

As you can see on the GBPUSD chart there are a bullish signal formed by the histogram indicator by getting a green line which appears above the level 0.
On the other hand the Market emotion indicators shows a kind of higher direction as you can see it is showing a green line for the last candle.
About the Guru indicator it is also showing a signal by seeing the line above the level 0 and the last bars is green then it is a good bullish signal.
Finally there are a buy cross formed by the two exponential moving averages 9 and 152 then you can consider a bullish trend on the coming candles.
As I think according to what you can see above buying is the side that I will choose in the current time and for a take profit the level of 1.5802 is a good area as you can see it is the first resistance that the price can meet.

[halloiasan]

As you can see on the GBPUSD chart the price is moving at a down channel to lead the price for downward direction through the upcoming hours.
Now the price hits the upper edge of donchain channel and I can say that a trades can be open by now targeting the south edge of the channel.
Stostatic by the way have a buy signal by having a bullish intersection near the 80 th level.
Finally a buy signal is shown on the awesome oscillator as you can see by having the bars above the 0 level and also the last bar is colored by green To make a clear decision from the previous givens the price have a better chance to head down till the low level of donchain channel but if you face the down edge of manually drawn channel then you have to close any selling trades and for more strength for your trades waiting for a sell signals from awesome oscillator and stostatic is preferred