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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

USDCAD Daily Analysis - March 3, 2015
Tuesday, 03 March 2015 04:24 UTC

USDCAD moved sideways without trend in a trading range between 1.2352 and 1.2797. The sideways movement could be expected to continue in a couple of days. Support is at 1.2352, as long as this level holds, the sideways movement could be treated as...

USDJPY Daily Analysis - March 3, 2015
Tuesday, 03 March 2015 04:23 UTC

USDJPY is facing 120.47 resistance, a break of this level will indicate that the uptrend from 101.06 (Jul 10, 2014 low) has resumed, then the following upward movement could bring price to 125.00 area. However, as long as 120.47 resistance holds,...

AUDUSD Daily Analysis - March 3, 2015
Tuesday, 03 March 2015 04:21 UTC

AUDUSD broke below the upward trend line on 4-hour chart, indicating that the downtrend from 0.8294 (Jan 15 high) has resumed. Further decline could be expected, and next target would be at 0.7650 area. Resistance is at 0.7912, only break above...

GBPUSD Daily Analysis - March 3, 2015
Tuesday, 03 March 2015 04:19 UTC

GBPUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.4950 had completed at 1.5551 already. Further decline could be expected, and next target would be at 1.5100 area. Resistance levels are at 1.5460 and...

EURUSD Daily Analysis - March 3, 2015
Tuesday, 03 March 2015 04:17 UTC

EURUSD remains in downtrend from 1.1450. Further decline to test 1.1097 support is possible, a breakdown this level will confirm that the downtrend from 1.2569 (Dec 16, 2014 high) has resumed, then the following downward movement could bring price...

NZDUSD Corrective Wave (Mar 2, 2015)
Monday, 02 March 2015 06:04 UTC

NZDUSD seems to have completed its corrective wave, as price is finding resistance at the 61.8% Fibonacci retracement level on the 4-hour chart. This lines up with a broken support level and is close to the .7600 major psychological handle.   If...

Forex Signals

Close(SL) Sell NZD/USD @ 0.75400 By Signal Factory
Tuesday, 03 March 2015 04:15 UTC

Close(SL) Sell NZD/USD @ 0.75400 By Signal Factory | Loss: -10 pips | 2015.03.03 04:11...

Sell NZD/USD @ 0.75296 By Signal Factory
Tuesday, 03 March 2015 03:46 UTC

Sell NZD/USD @ 0.75296 By Signal Factory | SL:0.75400 | TP:0.75119 | 2015.03.03 03:41...

Sell AUD/USD @ 0.77843 By Signal Factory
Tuesday, 03 March 2015 03:45 UTC

Sell AUD/USD @ 0.77843 By Signal Factory | SL:0.79052 | TP:0.77692 | 2015.03.03 03:30...

Close(SL) Sell NZD/USD @ 0.75407 By Signal Factory
Tuesday, 03 March 2015 03:33 UTC

Close(SL) Sell NZD/USD @ 0.75407 By Signal Factory | Loss: -10 pips | 2015.03.03 03:31...

Close(SL) Sell NZD/CHF @ 0.72127 By Signal Factory
Tuesday, 03 March 2015 03:32 UTC

Close(SL) Sell NZD/CHF @ 0.72127 By Signal Factory | Loss: -13 pips | 2015.03.03 03:30...

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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