Posts Tagged ‘Analysis’
Chart of The Day: EUR/GBP – Forex Trading, Currency Forecast, FX …
Chart of The Day: EUR/ GBP Price action on EUR/ GBP , a daily chart of which is shown, has tentatively broken down below a confluence of two different uptrend support lines – one extending from the June 2009 low, and the other extending from the July 2007 low. This tentative confluence breakdown occurs within the context of a month-long downtrend extending from the mid-March high, … ActionForex.com Forex Trading Portal with Forex News , Forecast and Analysis, Charts, …
GBP/JPY: Third Bullish Swing – Forex Trading, Currency Forecast …
GBP /JPY: Third Bullish Swing The GBP /JPY broke below the 141.50 support that was holding on Friday. It was mentioned that a break below 138.50 is bearish as it would break below a rising trendline and a former resistance. Instead the market held above 139.00 and looks to close the opening gap.
GBP/USD: Target May be 1.48 – Forex Trading, Currency Forecast, FX …
GBP /USD: Target May be 1.48 : The Sterling has been stubborn against the greenback.
Trade Idea: GBP/USD – Sell at 1.5155 – Forex Trading, Currency …
Trade Idea: GBP /USD – Sell at 1.5155 Although cable extended decline from last week’s high of 1.5382 to intra-day low of 1.4929, as sterling has recovered from there partly due to cross-trading, suggesting minor consolidation above said support would take place and gain to the Tenkan-Sen (now at 1.5061) and 1.5100/05 (approx. 38.2% Fibonacci retracement of 1.5382 to 1.4929) cannot be … ActionForex.com Forex Trading Portal with Forex News , Forecast and Analysis, Charts, …
Trade Idea: GBP/USD – Buy At 1.5035 – Forex Trading, Currency …
Trade Idea: GBP /USD – Buy At 1.5035 Although cable briefly slipped to 1.4993 last Friday on dollar’s rebound after the release of better-than-expected US NFP data, sterling found good support there and rebounded due to active cross-buying in sterling versus Japanese yen on risk appetite, suggesting the rise from 1.4781 low is still in progress and mild upside bias is seen for … ActionForex.com Forex Trading Portal with Forex News , Forecast and Analysis, Charts, …
Trade Idea: GBP/USD – Sell at 1.5080 – Forex Trading, Currency …
Trade Idea: GBP /USD – Sell at 1.5080 Cable’s intra-day sideways trading is expected to continue and as long as support at 1.4781 holds, another corrective rise cannot be ruled out, break of minor resistance at 1.5015/20 would bring retracement of recent decline towards 1.5084 (38.2% Fibonacci retracement of 1.5575 to 1.4781) and price should falter well below the Kijun-Sen (now at … ActionForex.com Forex Trading Portal with Forex News , Forecast and Analysis, Charts, …
EUR/GBP Elliott Wave Analysis – Forex Trading, Currency Forecast …
EUR/ GBP Elliott Wave Analysis As the single currency rebounded after finding good support at 0.8658, suggesting a test of minor resistance at 0.8841 would be seen, however, only a daily close above 0.8857 (tentatively wave i of c) would signal low has possibly been formed and risk rebound towards 0.8990/00 and then 0.9050/55., Forex, Forex Portal, Forex Trading. … ActionForex.com Forex Trading Portal with Forex News , Forecast and Analysis, Charts, …
Trade Idea: GBP/USD – Sell at 1.5700 – Forex Trading, Currency …
Trade Idea: GBP /USD – Sell at 1.5700 Despite intra-day brief bounce to 1.5766, the British pound ran into heavy selling pressure there and slipped quickly, suggesting recent decline has resumed and break of support at 1.5535 would extend weakness to 1.5500, however, loss of near term downward momentum should prevent sharp fall below 1.5450 and reckon 1.5412 (100% projection of 1.6879 … ActionForex.com Forex Trading Portal with Forex News , Forecast and Analysis, Charts, …
Trade Idea: GBP/USD – Sell at 1.5830 – Forex Trading, Currency …
Trade Idea: GBP /USD – Sell at 1.5830 The British pound continued to move lower in tandem with euro partly due to cross-selling versus yen on risk aversion and early breach of chart support at 1.5708 confirms a downside break of indicated range of 1.5708-1.7044 has taken place, hence stronger retracement of early upmove is under way for weakness towards 1.5600. … ActionForex.com Forex Trading Portal with Forex News , Forecast and Analysis, Charts, …
Trade Idea: GBP/USD – Sell at 1.5915 – Forex Trading, Currency …
Trade Idea: GBP /USD – Sell at 1.5915 The British pound tumbled after breaking indicated support at 1.5832-50 on broad-based selloff in sterling (by UK, US, Japanese and Swiss names together with model funds) and further weakness towards chart support at 1.5708 is now in progress, however, oversold condition should limit downside to 1.5643-59 (100% projection of 1.6277 to 1.5850 … ActionForex.com Forex Trading Portal with Forex News , Forecast and Analysis, Charts, …