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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 ReportsUSD/JPY Forecast July 29, 2014, Technical Analysis
Tuesday, 29 July 2014 06:34 UTC
The USD/JPY pair rose during the course of the day on Monday, but as you can see we are still struggling to get above the 102 level. Because of this, we feel that this market probably has the ability to go higher, but quite frankly we are more...USD/CAD Forecast July 29, 2014, Technical Analysis
Tuesday, 29 July 2014 06:33 UTC
The USD/CAD pair initially tried to rally during the day on Monday, but as you can see fell back down towards the 1.08 handle. The level course has been supportive in the past, and now that we are broken above it, technical analysis dictates that...GBP/USD Forecast July 29, 2014, Technical Analysis
Tuesday, 29 July 2014 06:31 UTC
The GBP/USD pair went back and forth during the day on Monday, but found the 1.70 level to be resistive enough to keep the market somewhat down. Because of this, we feel that the market will more than likely continue to struggle going higher, but if...EUR/USD Forecast July 29, 2014, Technical Analysis
Tuesday, 29 July 2014 06:30 UTC
In the EUR/USD pair tried to rally during the course of the day on Monday, but as you can see gave back most of the gains. In the end, we ended up forming a shooting star which is a very bearish candle, and even more so when it comes at the bottom of...AUD/USD Forecast July 29, 2014, Technical Analysis
Tuesday, 29 July 2014 06:28 UTC
The AUD/USD pair initially fell during the course of the day on Monday, but as you can see found enough support below to turn things back around and form a nice-looking hammer. This hammer of course suggests that the market is going to go higher,...USDCAD Daily Analysis - July 29, 2014
Tuesday, 29 July 2014 04:22 UTC
USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.0619. Further rise could be expected and next target would be at 1.0900 area. Near term support is at the upward trend line on 4-hour chart, as long as the...
Forex SignalsClose(TP) Buy GBP/NZD @ 1.99332 By Signal Factory
Tuesday, 29 July 2014 05:01 UTC
Close(TP) Buy GBP/NZD @ 1.99332 By Signal Factory | Profit: +80 pips | 2014.07.29 04:53...Close(TP) Buy GBP/NZD @ 1.99285 By Signal Factory
Tuesday, 29 July 2014 05:00 UTC
Close(TP) Buy GBP/NZD @ 1.99285 By Signal Factory | Profit: +80 pips | 2014.07.29 04:51...Close Sell EUR/USD @ 1.34351 By Signal Factory
Monday, 28 July 2014 19:15 UTC
Close Sell EUR/USD @ 1.34351 By Signal Factory | Profit: +47 pips | 2014.07.28 19:11...Close(TP) Buy GBP/NZD @ 1.98935 By Signal Factory
Monday, 28 July 2014 06:15 UTC
Close(TP) Buy GBP/NZD @ 1.98935 By Signal Factory | Profit: +80 pips | 2014.07.28 06:06...Buy GBP/NZD @ 1.98532 By Signal Factory
Sunday, 27 July 2014 21:15 UTC
Buy GBP/NZD @ 1.98532 By Signal Factory | SL:1.98132 | TP:1.99332 | 2014.07.27 21:00...
Technical Analysis ArticlesTips on Choosing the Right Forex Broker
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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
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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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