GBP/USD Forecast May 5, 2015, Technical Analysis
The GBP/USD pair initially fell during the day on Monday, but found a little bit of support below in order to form something along the lines of a hammer. With this, we believe that the market is...
Tag: GBPUSD
GBPUSD Weekly Analysis – May 3, 2015
GBPUSD failed to break above 1.5551 resistance, indicating that the pair remains in downtrend from 1.7190 (Jul 15, 2014 high), and the rise from 1.4565 would possibly be consolidation of the downtrend. Further decline to test 1.4565...
GBP/USD Forecast May 4, 2015, Technical Analysis
The GBP/USD pair initially tried to rally during the session on Friday, but failed and fell flat. Because of this, we ended up testing the 1.51 level, and it now seems like we are heading directly to...
GBP/USD Forecast May 1, 2015, Technical Analysis
The GBP/USD pair initially tried to rally during the course of the session on Thursday, but the 1.55 level offered resistance yet again. Because of this, the market ended up forming the second shooting star in a...
GBPUSD Short-Term Uptrend (May 1, 2015)
GBPUSD is forming an uptrend on its 1-hour forex chart, as the recent lows can be connected by an ascending trend line. In addition, the long-term exponential moving average has been holding as a dynamic support area...
GBP/USD Forecast April 30, 2015, Technical Analysis
The GBP/USD pair broke higher during the course of the session on Wednesday, slamming into the 1.55 level. As you can see though, we did pullback a little bit as that area offered resistance. This is a...
GBP/USD forecast April 29, 2015, technical Analysis
The GBP/USD pair initially fell during the day on Tuesday, but found enough support near the 1 TB two level to turn things back around and form a positive candle. Ultimately, the market looks as if it...
GBP/USD Forecast April 28, 2015, Technical Analysis
The GBP/USD pair fell initially during the session on Monday, as the markets looked like they were getting ready to head back to the 1.50 handle. However, we found support below current levels and turned back around...
GBPUSD Weekly Analysis – April 26, 2015
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),...
GBP/USD Forecast April 27, 2015, Technical Analysis
The GBP/USD pair broke out to the upside during the course of the session on Friday, breaking the top of the hammer that had formed on Thursday. We also clear the top of the spike that had...