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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

AUDUSD Support Turned Resistance (June 27, 2016)
Monday, 27 June 2016 05:16 UTC

AUDUSD tested the .7650 minor psychological resistance before selling off sharply last week and a look at the daily time frame shows that this resistance is a long-term area of interest. It held as support in the first half of 2015 before the...

USDCAD Weekly Analysis - June 26, 2016
Sunday, 26 June 2016 07:49 UTC

USDCAD moved sideways in a range between 1.2460 and 1.3188 for several weeks. Another rise to 1.3600 area would likely be seen after the sideways movement, and a break of 1.3188 resistance could signal resumption of the uptrend from 1.2460.

USDJPY Weekly Analysis - June 26, 2016
Sunday, 26 June 2016 07:49 UTC

USDJPY's downward movement from 123.75 extended to as low as 98.97. Further decline could be expected after a minor consolidation, and next target would be at 95.00 area. Resistance is at the downward trend line on daily chart, as long as the...

AUDUSD Weekly Analysis - June 26, 2016
Sunday, 26 June 2016 07:47 UTC

No changed in our view, AUDUSD remains in downtrend from 0.7834, the bounce from 0.7144 could be treated as correction of the downtrend. Further decline could be expected after correction, and next target would be at 0.6900 area.

GBPUSD Weekly Analysis - June 26, 2016
Sunday, 26 June 2016 07:46 UTC

GBPUSD broke below 1.3835 previous low support, indicating that the long term downtrend from 1.7190 (Jul 15, 2014 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 1.2000 area.

EURUSD Weekly Analysis - June 26, 2016
Sunday, 26 June 2016 07:45 UTC

EURUSD broke below the support of the price channel on daily chart, indicating that the upward movement from 1.0517 had completed at 1.1616 already. Further decline could be expected over the next several weeks, and next target would be at 1.0600...

Forex Signals

Sell EUR/CHF @ 1.07713 By Signal Factory
Monday, 27 June 2016 18:30 UTC

Sell EUR/CHF @ 1.07713 By Signal Factory | SL:1.08113 | TP:1.06913 | 2016.06.27 18:28...

Close(TP) Sell NZD/CHF @ 0.68362 By Signal Factory
Monday, 27 June 2016 18:00 UTC

Close(TP) Sell NZD/CHF @ 0.68362 By Signal Factory | Profit: +80 pips | 2016.06.27...

Sell USD/JPY @ 101.915 By Signal Factory
Monday, 27 June 2016 17:30 UTC

Sell USD/JPY @ 101.915 By Signal Factory | SL:102.315 | TP:101.115 | 2016.06.27 17:19...

Sell EUR/CAD @ 1.44156 By Signal Factory
Monday, 27 June 2016 16:15 UTC

Sell EUR/CAD @ 1.44156 By Signal Factory | SL:1.44556 | TP:1.43356 | 2016.06.27 16:00...

Close(TP) Sell NZD/USD @ 0.70149 By Signal Factory
Monday, 27 June 2016 15:30 UTC

Close(TP) Sell NZD/USD @ 0.70149 By Signal Factory | Profit: +80 pips | 2016.06.27...

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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