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GBPUSD Analysis - Jun 7, 2008

GBPUSD rebounded sharply from 1.9461. The rise from 1.9461 could possibly be resumption of up trend. Further rise to test 2.0029 resistance is expected in a couple of weeks. Key support is located at 1.9363, only break down below this level will signal resumption of long term down trend.

For long term analysis, the pair formed a long term cycle bottom at 1.9337 (Jan 22 low), the rise from 1.9363 could possibly be resumption of the long term up trend, and rebound to 2.0500 area to reach the next cycle top on weekly chart is now in favor.

gbpusd daily chart

Daily Forex Reports

GBPNZD Short-term Pullback (Sept 18, 2014)
Thursday, 18 September 2014 06:13 UTC

An uptrend appears to be forming on GBPNZD, as a rising trend line can be drawn to connect the recent lows on the 1-hour time frame. However, stochastic has just reached the overbought area and is heading lower after price tested the 2.0100 major...

USDCAD Daily Analysis - September 18, 2014
Thursday, 18 September 2014 03:15 UTC

After touching 1.0933 support, USDCAD rebounded from 1.0926, indicating that the pair remains in uptrend from 1.0810, and the fall from 1.1098 could be treated as correction of the uptrend. Further rise to test 1.1098 would likely be seen, a break...

USDCHF Daily Analysis - September 18, 2014
Thursday, 18 September 2014 03:14 UTC

USDCHF's upward movement from 0.8997 extended to as high as 0.9432. Further rise could be expected, and next target would be at 0.9600 area. Near term support is at the upward trend line on 4-hour chart, and the key support is at 0.9300, only...

USDJPY Daily Analysis - September 18, 2014
Thursday, 18 September 2014 03:14 UTC

After consolidation, USDJPY continued its upward movement from 101.50, and the rise extended to as high as 108.67. Further rise could be expected after a minor consolidation, and next target would be at 110.00 area. Near term support is located at...

AUDUSD Daily Analysis - September 18, 2014
Thursday, 18 September 2014 03:13 UTC

AUDUSD continued its downward movement from 0.9401 and the fall extended to as low as 0.8938. Further decline could be expected and next target would be at 0.8700 area. Near term resistance is at the downward trend line on 4-hour chart, and the...

GBPUSD Daily Analysis - September 18, 2014
Thursday, 18 September 2014 03:12 UTC

GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the rise from 1.6051 could be treated as consolidation of the downtrend from 1.7190 (Jul 15 high), another fall towards 1.5800...

Forex Signals

Buy GBP/NZD @ 2.01104 By Signal Factory
Thursday, 18 September 2014 19:15 UTC

Buy GBP/NZD @ 2.01104 By Signal Factory | SL:2.00704 | TP:2.01904 | 2014.09.18 19:12...

Sell EUR/CAD @ 1.41479 By Signal Factory
Thursday, 18 September 2014 16:15 UTC

Sell EUR/CAD @ 1.41479 By Signal Factory | SL:1.41879 | TP:1.40679 | 2014.09.18 16:13...

Close(SL) Sell GBP/CHF @ 1.53390 By Signal Factory
Thursday, 18 September 2014 12:00 UTC

Close(SL) Sell GBP/CHF @ 1.53390 By Signal Factory | Loss: -40 pips | 2014.09.18 11:59...

Sell GBP/CHF @ 1.53210 By Signal Factory
Thursday, 18 September 2014 11:45 UTC

Sell GBP/CHF @ 1.53210 By Signal Factory | SL:1.54010 | TP:1.51810 | 2014.09.18 11:30...

Sell GBP/CHF @ 1.52990 By Signal Factory
Thursday, 18 September 2014 09:30 UTC

Sell GBP/CHF @ 1.52990 By Signal Factory | SL:1.53390 | TP:1.52190 | 2014.09.18 09:22...

Technical Analysis Articles

Tips on Choosing the Right Forex Broker
Wednesday, 29 January 2014 14:43 UTC

According to estimates, the average traded value per day in the forex market is to the tune of $4 trillion, making it the world’s largest financial market. Forex trading is a high-risk activity and investors are susceptible to windfall profits and...

The Two Types of Forex Trading Spreads
Tuesday, 17 December 2013 04:31 UTC

A spread is the difference between the price a trader pays and the price offered by a broker. It is expressed in pip/s. For instance, a trader's price is 4.000 and a broker's offer is 3.500, the difference between them is .500. Thus, the spread is...

What are the political and economic factors associated with forex trading?
Thursday, 24 October 2013 12:32 UTC

For people seeking to engage in forex trading, whether by directly buying currencies or by spreadbetting via a company like IG, the array of political and economic indicators that can move the currency markets...

What's the best way to trade Martingale Forex Trading Strategies?
Monday, 07 October 2013 08:19 UTC

We are not advocating Martingale strategies. But rather, we respect the Martingale concept and believe it has its place in a trader's portfolio. The following tips seek to reduce the overall risk and increase the overall success for Martingale...

Know more about Forex Risk/Reward Ratio
Thursday, 12 September 2013 11:03 UTC

A forex trader will often encounter the term 'risk/reward ratio'. What does this tem actually mean? Would understanding this ratio bring a lot of profit to a trader?

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