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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.
Daily Forex ReportsEURNZD Head and Shoulders (May 22, 2015)
Friday, 22 May 2015 02:56 UTC
EURNZD could be in for a huge reversal, as price formed a head and shoulders pattern on its 1-hour time frame. The pair is testing the neckline support at the 1.5100 handle and may be due for a breakdown soon. For now, stochastic is indicating...USD/JPY Forecast Made 21, 2015, Technical Analysis
Thursday, 21 May 2015 07:22 UTC
The USD/JPY pair broke higher during the course of the day on Wednesday, clearing the 121 handle. By doing so, looks like the markets ready to try to break out, but we need to practice a lot of patience as there is quite a bit of noise above....USD/CAD Forecast May 21, 2015, Technical Analysis
Thursday, 21 May 2015 07:21 UTC
The USD/CAD pair broke down rather significantly over the course of the last couple of months, and on Wednesday formed a shooting star. What’s interesting about the shooting started is that it is right where you would want to see it if you were a...GBP/USD Forecast May 21, 2015, Technical Analysis
Thursday, 21 May 2015 07:20 UTC
The GBP/USD pair found support at the 1.55 level during the session on Wednesday, forming a slightly positive yet neutral looking candle. If we break the top of the range from the Wednesday session, we believe that this market will then head...EUR/USD Forecast May 21, 2015, Technical Analysis
Thursday, 21 May 2015 07:18 UTC
The EUR/USD pair initially fell during the course of the day on Wednesday, but below the 1.11 level we found a bit of support. Because of this, we expect the market to bounce somewhere in this area, and we also recognize the 1.10 level as...AUD/USD Forecast May 21, 2015, Technical Analysis
Thursday, 21 May 2015 07:15 UTC
The AUD/USD pair broke down during the course of the session on Wednesday, testing the 0.79 handle. This is an area where we would anticipate seeing a bit of support, and therefore we are not interested in selling. We believe that sooner or later...
Forex SignalsClose(SL) Buy GBP/AUD @ 1.97850 By Signal Factory
Friday, 22 May 2015 16:00 UTC
Close(SL) Buy GBP/AUD @ 1.97850 By Signal Factory | Loss: -40 pips | 2015.05.22 15:49...Buy CAD/CHF @ 0.76685 By Signal Factory
Friday, 22 May 2015 15:30 UTC
Buy CAD/CHF @ 0.76685 By Signal Factory | SL:0.76285 | TP:0.77485 | 2015.05.22 15:25...Close(SL) Buy CAD/JPY @ 98.804 By Signal Factory
Friday, 22 May 2015 14:45 UTC
Close(SL) Buy CAD/JPY @ 98.804 By Signal Factory | Loss: -39 pips | 2015.05.22 14:38...Buy GBP/AUD @ 1.98250 By Signal Factory
Friday, 22 May 2015 14:15 UTC
Buy GBP/AUD @ 1.98250 By Signal Factory | SL:1.97850 | TP:1.99050 | 2015.05.22 14:03...Close Sell EUR/USD @ 1.10070 By Signal Factory
Friday, 22 May 2015 13:46 UTC
Close Sell EUR/USD @ 1.10070 By Signal Factory | Profit: +142 pips | 2015.05.22 16:40...
Technical Analysis ArticlesTips 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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