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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

USD/JPY Forecast March 31, 2015, Technical Analysis
Tuesday, 31 March 2015 07:44 UTC

The USD/JPY pair had a very strong session on Monday, slicing through the 120 level during US trading. That being the case, the market looks very bullish and if we can break above the top of the range for the session on Monday, we are more than...

USD/CAD Forecast March 31, 2015, Technical Analysis
Tuesday, 31 March 2015 07:43 UTC

The USD/CAD pair broke higher during the course of the session on Monday as we continue to see bullishness in this market. Quite frankly, the oil markets are doing absolutely nothing to benefit the Canadian dollar right now, and as a result we...

GBP/USD Forecast March 31, 2015, Technical Analysis
Tuesday, 31 March 2015 07:38 UTC

The GBP/USD pair initially fell during the session on Monday, and sliced below the 1.48 level to start showing weakness. However, we found enough support there to turn things back around and form a hammer. This hammer of course suggests...

EUR/USD Forecast March 31, 2015, Technical Analysis
Tuesday, 31 March 2015 07:36 UTC

The EUR/USD pair broke down a little bit during the session on Monday, as the market is now testing the 1.08 handle. If we can get below that number, we believe that this market will then head to the 1.05 handle given enough time. It’s probably...

AUD/USD Forecast March 31, 2015, Technical Analysis
Tuesday, 31 March 2015 07:33 UTC

The AUD/USD pair fell during the course of the day on Monday, and as you can see broke down below the 0.77 handle. We recognize that there is a lot of noise just below, so even though we feel that the Australian dollar will continue to fall over...

USDCAD Daily Analysis - March 31, 2015
Tuesday, 31 March 2015 02:38 UTC

USDCAD is in uptrend from 1.2410. Further rise to test 1.2835 resistance would likely be seen, a break of this level will signal resumption of the long term uptrend from 1.0619 (Jul 3, 2014 low). Support levels are at 1.2575 and 1.2410, only break...

Forex Signals

Close(SL) Buy GBP/CAD @ 1.87846 By Signal Factory
Tuesday, 31 March 2015 20:00 UTC

Close(SL) Buy GBP/CAD @ 1.87846 By Signal Factory | Loss: -40 pips | 2015.03.31 19:58...

Close(TP) Sell AUD/CAD @ 0.96367 By Signal Factory
Tuesday, 31 March 2015 19:00 UTC

Close(TP) Sell AUD/CAD @ 0.96367 By Signal Factory | Profit: +80 pips | 2015.03.31...

Close(SL) Buy NZD/CAD @ 0.94751 By Signal Factory
Tuesday, 31 March 2015 17:15 UTC

Close(SL) Buy NZD/CAD @ 0.94751 By Signal Factory | Loss: -40 pips | 2015.03.31 17:03...

Buy GBP/CAD @ 1.88246 By Signal Factory
Tuesday, 31 March 2015 15:30 UTC

Buy GBP/CAD @ 1.88246 By Signal Factory | SL:1.87846 | TP:1.89046 | 2015.03.31 15:15...

Close(TP) Sell EUR/NZD @ 1.43149 By Signal Factory
Tuesday, 31 March 2015 15:02 UTC

Close(TP) Sell EUR/NZD @ 1.43149 By Signal Factory | Profit: +80 pips | 2015.03.31...

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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