Gbp/Usd

[BURHANFX]

http://prntscr.com/49si95
analysis for today 8 / 5 / 2014
GBP/USD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.6843
Retracement (50%) 1.6838
retracement (61,8%) 1.6832

Extensions (61.8%) 1.6892
Extensions (100.0%) 1.6911
Extensions (138.2%) 1.6930
Extensions (161.8%) 1.6941
calculation based on a Fibonacci retracement then today I choose buy

[Emi]

http://prntscr.com/49pgt3
analysis for today 8 / 5 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBP / USD on the date 8 / 4 / 2014
OPEN 1.6829
HIGH 1.6862
LOW 1.6813
CLOSED 1.6862

The third resistance (R3) 1.6862 -( 1.6846 - 1.6813 = 0.0033 x 2 = 0.0065 )= 1.6927
The second Resistance (R2) 1.6846 + 1.6862 - 1.6813 = 1.6895
First resistance (R1) 1.6846 x 2 = 3.3691 - 1.6813 = 1.6878
pivot points 1.6862 + 1.6813 + 1.6862 = 5.0537 / 3 = 1.6846
Support for the first (S1) 1.6846 x 2 = 3.3691 - 1.6862 = 1.6829
Support second (S2) 1.6846 -( 1.6862 - 1.6813 = 0.0049 ) = 1.6797
Third Support (S3) 1.6813 -( 1.6862 - 1.6846 = 0.0016 x 2 = 0.0033 )= 1.6780

[Bieela]

For the USA market is likely to experience a slight correction GBPUSD rose to the level of 1.6872 - 1.6897 or even higher than that, because the moving average indicator has been cut, and if the lines are cut larger then most likely there will be a new trend.

[ng1985]

pair- gbp/usd
chart analysis time frame- m15



the price movement setup the descending triangle chart pattern with having the support at 1.6810 level and its up movement break the resistance at 1.6825 level with the parabolic sar up signal. we can long with target above daily pivot point 1.6843 and stop loss at the 1.6800
good luck

[Ali110]

what do you think about the current situation of gbp? would it consolidate on the current resistance level or breakdown further?

[samoo]

As you can see on the GBPUSD chart there are a bearish signal formed by the histogram indicator by getting a red line which appears below the level 0 . On the other hand the Market emotion indicators shows a kind of bearish direction as you can see it is showing a red line for the last candle. About the Guru indicator it is also showing a signal by seeing the line below the level 0 and the last bars is red then it is a good bearish signal. Finally there are a sell cross formed by the two exponential moving averages 9 and 152 then you can consider a bearish trend on the coming candles. As I think according to what you can see aboveselling is the side that I will choose in the current time and for a take profit the level of 1.6767 is a good area as you can see it is the first support that the price can meet

[ali90]

When we see the chart of GBPUSD there is down trend with down arrows and red candles in Henkin Ashi indicatror In the same time T3-Clean indicator makes an intersection with thw Snake indicator which make sell signal for now Finally there is red signal at the trend-session that shows a strong possibility for down trend if we saw the last signal I think we should choose sell orders and it is the best betting for now for the sell operation target the support 1.6775 is the best point to claim your profits

[halloiasan]

As you can see on the GBPUSD chart the price is moving at a bearish channel. Now the price hits the low edge of donchain channel and I can say that a buy trades can be open by now targeting the high edge Stostatic by the way have a sell signal by having a bearish intersection near the 20 th level Finally a sell signal is shown on the awesome oscillator as you can see by having the bars below the 0 level and also the last bar is colored by red To make a clear decision from the previous givens the price have a higher chance to head up till the higher level of donchain channel but if you face the up edge of manually drawn channel then you have to close any buy trades and for more strength for your trades waiting for a buy signals drom awesome oscillator and stostatic is prefered

[ng1985]

pair- gbp/usd
chart analysis time frame- m15



the price is making lower to lower with the macd down divergen. price is having up movement signal from parabolic sar at the daily support level two 1.6819. if the rsi is break its resistance trend line and price is above 1.6885 then make long entry with take profit at 1.6940. stop loss at the 1.6800
good luck

[edmar6969]

31, July 2014
GBP/USD (a 4-hour chart)
The price is finding the first support at 1.6900, the next one is at 1.6860. The price is finding the first resistance at 1.6950, the next one is at 1.7000.
Trading recommendations
We expect the level of 1.6880- 1.6900 testing soon. The potential growth target is the level of resistance 1.7000.