Gbp/Usd

[halloiasan]

As you can see on the GBPUSD chart the price is moving at a up channel to lead the price for upward direction through the upcoming hours.
Now the price hits the lower edge of donchain channel and I can say that a trades can be open by now targeting the north 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 below 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 up till the high level of donchain channel but if you face the up edge of manually drawn channel then you have to close any buying trades and for more strength for your trades waiting for a buy signals from awesome oscillator and stostatic is preferred

[mary]

The 3 fast EMAs is heading Below the slow EMA on the chart of GBPUSD to let me think that we are on a beginning of a bearish trend for the upcoming day and according to that sell positions are very welcomed .
The parabolic sar indicator by the way offers a downward signal as you can see it's dots shown Above the candles of the price and also the MACD indicator perform another sell signal as you can see it moving Below the level of zero and in additional to that the upward signal of CCi is clear as it located near the it's higher level .
I think you can agree with me that selling the pair is a winning trade as I think we are not facing bullish trend very soon .

[sikander shahbaz]

GBP/USD for November 18, 2014 The GBP/USD pair continues to find support on the bearish trend line at the level of 1.5635, which is prompting the pair to strengthen the current bearish trend on H4 chart. However, the GBP/USD pair could form a double bottom pattern to rise again to the resistance level of 1.5698. The aforesaid movement may be a corrective move in favor of the bearish trend and the following objective remains at the support level of 1.5512. The MACD indicator remains in the positive territory. H4chart's resistance levels: 1.5698 / 1.5811 H4chart's support levels: 1.5600 / 1.5512

On the H1 chart, GBP/USD had a fall from the level of 1.5735 to the 1.5632 support level. A break of that support level could bring this pair to fall to the 1.5590 level in the short term. For now, we recommend using caution when placing buy orders at the current levels, because the GBP/USD pair is still holding firmly in the bearish bias. H1 chart's resistance levels: 1.5686 / 1.5739 H1 chart's support levels: 1.5632 / 1.5590

---------- Post added at 01:23 PM ---------- Previous post was at 01:22 PM ----------

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.5632, take profit is at 1.5590, and stop loss is at 1.5672.

---------- Post added at 01:32 PM ---------- Previous post was at 01:23 PM ----------

GBP/USD for November 18, 2014 The pound has been continuously losing its winning streak for the 4th day in a row. The key trigger for the pound is inflation. Today, the inflation report will decide the fate of this pair. The delay in the UK interest rate hike is putting pressure on the pound sterling. We are extending the lower targets to 1.5500, 1.5450, and 1.5430. The pair favors selling on a rise. The monthly resistance exists at 1.6030 or 50M sma. The pair has weekly resistance exists at 1.5800, above this we can expect 1.5875 and 1.6025. The prices are making a minor base at the 1.5620 levels. The prices fell below the 3-week trading channel. In the US dollar front today, CPI data put pressure on the pound. Any positive readings will push the pair towards new lows. The cable has resistance at 1.5650 or 35DEMA; above this at 1.5670 or 12ema which will act as a major resistance level for an intraday session. Until the prices close above 1.5766, bears have an upper hand. We recommend fresh selling below 1.5630 with the targets at 1.5620, 1.5600, 1.5540, and 1.5500. Safe traders can start selling below the 1.5620 levels. Trade: Selling below 1.5630, safe selling below 1.5620.

[ANDRIAS]

http://prntscr.com/57j2s0
analysis for today 11 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBP / USD on the date 11 / 17 / 2014
OPEN 1.5684
HIGH 1.5735
LOW 1.5619
CLOSED 1.5640

The third resistance (R3) 1.5735 -( 1.5665 - 1.5619 = 0.0046 x 2 = 0.0091 )= 1.5826
The second Resistance (R2) 1.5665 + 1.5735 - 1.5619 = 1.5781
First resistance (R1) 1.5665 x 2 = 3.1329 - 1.5619 = 1.5710
pivot points 1.5735 + 1.5619 + 1.5640 = 4.6994 / 3 = 1.5665
Support for the first (S1) 1.5665 x 2 = 3.1329 - 1.5735 = 1.5594
Support second (S2) 1.5665 -( 1.5735 - 1.5619 = 0.0116 ) = 1.5549
Third Support (S3) 1.5619 -( 1.5735 - 1.5665 = 0.0070 x 2 = 0.0141 )= 1.5478

[ducd3vaizo]

Daily Forecast

Pair: GBPUSD
Major Trend: Bearish
Time Frame: H1
Reason: This pair has support at 1.5620 area, but the daily pivot at 1.5665 untouched. Maybe there will be a slight correction to the pivot. RSI remains below the line 50. The price will retest on 1.5993 support area which also Fibo 161.8
Recommendation: Sell Limit at 1.5665 with targets 1.5620

[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 1.5877 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 1.5525 .
But what if blue dots appeared indicating bullish trades and the price bypassed the resistance 1.5877 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 1.6087 which is the next resistance and the next pivot level of the week.
.

[greenking]

The Cable arrived at another yearly low a week ago, despite the fact that the cash was overall supported by 1.5850/30 and the greater part of the month to month specialized pointers were bullish. This affirms the down-pattern resistance line (unites Jul 15 and Oct 29 highs) as the predominant variable in the conduct of the Sterling in the medium term. As needs be, while there is a high plausibility of an upward adjustment, it ought not broaden past 1.59.

[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 .