Gbp/Usd

[sikander shahbaz]

17 November According to the previous events, the price of GBP/USD is going to move between the levels of 1.5735 and 1.5530. The pair will probably go down because the downward trend is still strong. THe weekly pivot point will set at the level of 1.5735, for that it will act as strong resistance today. Therefore, sell below the level of 1.5735 which represents the pivot point in H1 chart with the first target at 1.5592 (the double bottom), then the trend will be able to continue toward the level of 1.5533. Nevertheless, the stop loss should be set at 1.5772.

[hatrik]

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

[clark]

Because the price is now upper than the EMA level as you can see on the chart of GBPUSD in front of you a bullish trend assumed to take place on the current day.
On the other hand the power line indicator is now below the level of 80th as you can see and of course this can be considered as a good signal for a downward direction.
Finally the buy position can be think about and to calculate the power of the trend you can use the data of the power momentum indicator which shows a big power of the bullish trend .

[sikander shahbaz]

GBP/USD for November 17, 2014 On the daily chart, the GBP/USD pair continues to weaken. Now, this pair has touched new historical lows at the support level of 1.5642. If the pair manages to consolidate below that level, GBP/USD will have free space to fall to the support level of 1.5506. There is still a lot of bearish force in the GBP/USD pair because the MACD indicator remains in the negative territory. Daily chart's resistance levels: 1.5746 / 1.5883 Dailychart's support levels: 1.5642 / 1.5506

---------- Post added at 01:27 PM ---------- Previous post was at 01:25 PM ----------

GBP/USD for November 17, 2014 H1,
The GBP/USD pair has made a rebound at the support level of 1.5590, because this pair is again trying to make a breakout at the resistance level of 1.5686. If successful, it is expected to go up to the resistance level of 1.5739 in the short term. The SMA 200 is located above the 1.5810 level in the H1 chart. The MACD indicator remains in the positive territory. H1 chart's resistance levels: 1.5686 / 1.5739 H1 chart's support levels: 1.5632 / 1.5590

---------- Post added at 01:59 PM ---------- Previous post was at 01:27 PM ----------

GBP/USD for November 17, 2014 Weekly, The cable saw a huge fall during 5 weeks. The pound fell to a 14-month fresh low against the US dollar. The key trigger for pound is the inflation. Tomorrow, the inflation report will decide the fate of this pair. The delay in the UK interest hike is putting pressure on the pound. Last Monday, we recommended fresh selling below 1.5750 with the targets at the 1.5620 and 1.5500 levels. We are extending the lower targets to the 1.5450 and 1.5430 levels. The pair favors selling on the rise. The cable has strong resistance between the 1.6227 and 1.6183 levels. Use every rise to sell, until the prices are closed above these resistance levels. The monthly resistance exists at 1.6030 or 50M sma. The pair has weekly resistance at 1.5800, above this we can expect 1.5875 and 1.6025.

---------- Post added at 03:31 PM ---------- Previous post was at 01:59 PM ----------

GBP/USD for November 17, 2014 H4,
Today, the pair opened above previous closure, indicating some pullback signs towards the 1.5712 and 1.5750 levels. From an hourly point of view, the cable has support at 1.5690, 1.5658, and 1.5630. The resistance levels exists at the1.5770 and 1.5800 levels. The cable is expanding its low with a capped top at 1.6020. We recommend selling on every upswing or selling below 1.5680. At the previous session, the pair took support from the channel support. The panic will be triggered below 1.5630 levels.

[halloiasan]

When trying to analyze the GBPUSD there is a bearish channel as you can see to narrow the market movement area between 2 trend lines which tells that the market is in his way for down trend.
Using the donchain channel you can see the price moving at the upper edge of it then I can think about south direction for the price as long as no opposite signs Currently the awesome oscillator has a Currently the awesome oscillator has a appear on awesome oscillator.
Currently the awesome oscillator has a red bars which appears above the level of 0 which can be considered as a good sell signal.
Same on the stostatic indicator which show a sell signal by getting a clear bearish cross between two lines near the 80th 80 level.
Till now down trend seems to be a stronger choice although waiting for sell signals on all the indicators together is a best case but by the way selling the pair targeting the down line of the channel or the low level of donchain channel is not bad idea

[ANDRIAS]

http://prntscr.com/5767om
analysis for today 11 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBP / USD on the date 11 / 14 / 2014
OPEN 1.5711
HIGH 1.5711
LOW 1.5592
CLOSED 1.5669

The third resistance (R3) 1.5711 -( 1.5657 - 1.5592 = 0.0065 x 2 = 0.0131
The second Resistance (R2) 1.5657 + 1.5711 - 1.5592 = 1.5776
First resistance (R1) 1.5657 x 2 = 3.1315 - 1.5592 = 1.5723
pivot points 1.5711 + 1.5592 + 1.5669 = 4.6972 / 3 = 1.5657
Support for the first (S1) 1.5657 x 2 = 3.1315 - 1.5711 = 1.5604
Support second (S2) 1.5657 -( 1.5711 - 1.5592 = 0.0119 ) = 1.5538
Third Support (S3) 1.5592 -( 1.5711 - 1.5657 = 0.0054 x 2 = 0.0107

[swanstad]

GBP/USD's decay from 1.7190 reached out to as low as 1.5592 last week and took out 61.8% retracement of 1.4813 to 1.7190 at 1.5721. Starting inclination stays on the drawback this week. Further fall ought to be seen to 100% projection of 1.7190 to 1.6051 from 1.6523 at 1.5384 next. On the upside, over 1.5789 minor safety will turn predisposition impartial and bring solidification before arranging an alternate decay.

[ducd3vaizo]

Daily Forecast

Pair: GBPUSD
Major Trend: Bullish
Time Frame: H1
Reason: 161.8 Fibo area has not been broken, and daily pivot at 1.5657 untouched, although the price has been in the upper Bollinger Band. RSI has been cut line 50 and go to the top
Recommendation: Buy Limit at 1.5657 with targets 1.5703

[wench]

the red dots appearing above the candle bars indicates that the price today is going to be heading downward depending on the price�s position we are going to determine where the price would be heading so if the price remained in its position lower than 1.6 which act as a strong resistance at this moment also it happens to be a weekly pivot point at the same time then I do believe that the price would be heading south only till it meets the next weekly pivot support at 1.5765 .
But what if blue dots appeared indicating bullish trades and the price bypassed the resistance 1.6 and headed for the opposite direction then I do believe that the price in this condition would be heading north until it reaches the price 1.613 which is the next resistance and the next pivot level of the week.
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[ahmed mustafa mohamed]

Swirling pair of sterling against the dollar around 1.5670 level since the morning, and controlled narrow band on trades, and as long as the price is below 1.5720, the negative pressure will remain in place to this day