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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 - April 26, 2015
Sunday, 26 April 2015 09:27 UTC

USDCAD is now in downtrend from 1.2835. Further decline would likely be seen over the next several weeks, and next target would be at 1.1500 area. Resistance is at 1.2450, only break above this level could trigger another rise towards 1.3500.

USDJPY Weekly Analysis - April 26, 2015
Sunday, 26 April 2015 09:27 UTC

USDJPY is forming a sideways consolidation in a range between 115.56 and 122.02. Another fall to 115.00 area to complete the consolidation would likely be seen over the next several weeks. Key support is at 112.00, as long as this level holds, the...

AUDUSD Weekly Analysis - April 26, 2015
Sunday, 26 April 2015 09:26 UTC

AUDUSD continued its sideways movement in a range between 0.7532 and 0.7938. Resistance is at 0.7938, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 0.9504 (Jul 1, 2014 high),...

GBPUSD Weekly Analysis - April 26, 2015
Sunday, 26 April 2015 09:25 UTC

GBPUSD is facing the resistance of the price channel on daily chart, as long as the channel resistance holds, the rise from 1.4565 could be treated as consolidation of the downtrend from 1.7190 (Jul 15, 2014 high), another fall towards 1.4000 is...

EURUSD Weekly Analysis - April 26, 2015
Sunday, 26 April 2015 09:25 UTC

EURUSD continued tis sideways movement in a range between 1.0462 and 1.1052. Near term resistance is at the top of the price channel on daily chart, followed by 1.1052. As long as 1.1052 resistance holds, the sideways movement could be treated as...

USD/JPY Forecast April 27, 2015, Technical Analysis
Saturday, 25 April 2015 10:20 UTC

The USD/JPY pair fell hard during the course of the session on Friday, as the pair continues to bang around and consolidate. Just below at the 118.50 level we see quite a bit of support, so we think that that is going to be a bit of a “floor” in...

Forex Signals

Buy AUD/NZD @ 1.03054 By Signal Factory
Sunday, 26 April 2015 20:46 UTC

Buy AUD/NZD @ 1.03054 By Signal Factory | SL:1.02654 | TP:1.03854 | 2015.04.24 20:58...

Close(SL) Sell NZD/CAD @ 0.92361 By Signal Factory
Friday, 24 April 2015 15:00 UTC

Close(SL) Sell NZD/CAD @ 0.92361 By Signal Factory | Loss: -40 pips | 2015.04.24 14:58...

Sell NZD/CHF @ 0.72312 By Signal Factory
Friday, 24 April 2015 15:00 UTC

Sell NZD/CHF @ 0.72312 By Signal Factory | SL:0.72712 | TP:0.71512 | 2015.04.24 14:45...

Buy EUR/USD @ 1.08064 By Signal Factory
Friday, 24 April 2015 14:15 UTC

Buy EUR/USD @ 1.08064 By Signal Factory | SL:1.07664 | TP:1.08864 | 2015.04.24 14:06...

Close(SL) Buy EUR/JPY @ 128.986 By Signal Factory
Friday, 24 April 2015 14:01 UTC

Close(SL) Buy EUR/JPY @ 128.986 By Signal Factory | Loss: -40 pips | 2015.04.24 13:47...

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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