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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 Weekly Analysis - December 21, 2014
Sunday, 21 December 2014 05:33 UTC

USDCAD's upward movement from 1.0619 extended to as high as 1.1673. Support is located at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.2000...

USDCHF Weekly Analysis - December 21, 2014
Sunday, 21 December 2014 05:32 UTC

USDCHF broke above 0.9817 previous high, indicating that the uptrend from 0.8703 has resumed. Near term support is at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to continue, and...

USDJPY Weekly Analysis - December 21, 2014
Sunday, 21 December 2014 05:31 UTC

After touching the lower line of the price channel on daily chart, USDJPY rebounded from 115.56, indicating that the pair remains in uptrend from 101.06, and the fall from 121.84 could be treated as consolidation of the uptrend. As long as the...

AUDUSD Weekly Analysis - December 21, 2014
Sunday, 21 December 2014 05:31 UTC

AUDUSD stays below the downward trend line on daily chart, and remains in downtrend from 0.9504. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 0.7500 area. Only a clear break...

GBPUSD Weekly Analysis - December 21, 2014
Sunday, 21 December 2014 05:30 UTC

GBPUSD moved sideways in a trading range between 1.5541 and 1.5825. As long as 1.5825 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.7190, further decline to 1.5000 area could be expected...

EURUSD Weekly Analysis - December 21, 2014
Sunday, 21 December 2014 05:30 UTC

EURUSD broke below 1.2247 previous low, indicating that the downtrend from 1.3993 has resumed. Near term resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, further decline could be expected, and...

Forex Signals

Close(SL) Buy NZD/CAD @ 0.89780 By Signal Factory
Friday, 19 December 2014 21:45 UTC

Close(SL) Buy NZD/CAD @ 0.89780 By Signal Factory | Loss: -40 pips | 2014.12.19 21:40...

Sell EUR/NZD @ 1.57877 By Signal Factory
Friday, 19 December 2014 21:30 UTC

Sell EUR/NZD @ 1.57877 By Signal Factory | SL:1.58277 | TP:1.57077 | 2014.12.19 21:21...

Sell GBP/NZD @ 2.01724 By Signal Factory
Friday, 19 December 2014 20:15 UTC

Sell GBP/NZD @ 2.01724 By Signal Factory | SL:2.02124 | TP:2.00924 | 2014.12.19 20:07...

Close(SL) Buy EUR/USD @ 1.22315 By Signal Factory
Friday, 19 December 2014 16:45 UTC

Close(SL) Buy EUR/USD @ 1.22315 By Signal Factory | Loss: -49 pips | 2014.12.19 16:36...

Close(SL) Buy EUR/CAD @ 1.42175 By Signal Factory
Friday, 19 December 2014 16:15 UTC

Close(SL) Buy EUR/CAD @ 1.42175 By Signal Factory | Loss: -40 pips | 2014.12.19 16:01...

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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