The Hand of Scalpuman

Forum of the Lord of Trading fellowship


 
HomeCalendarFAQSearchMemberlistUsergroupsRegisterLog in
Latest topics
» Daily Market Analysis from ForexMart
Tue May 03, 2016 9:51 am by Andrea ForexMart

» Company News by ForexMart
Wed Apr 27, 2016 9:46 am by Andrea ForexMart

» forex & binary - licensing & consulting
Thu Apr 14, 2016 1:32 pm by AGPLaw

» Stop leading an 8/5 robotic life and live real life!
Wed Oct 14, 2015 9:59 am by Ian Shaw

» Forex and binary options affiliate program reviews
Wed Sep 09, 2015 7:09 pm by affiliates-network

» InstaForex Company News
Thu Oct 02, 2014 8:29 am by IFX Yvonne

»  Forex expositions by ShowFxWorld.
Fri Aug 29, 2014 10:44 am by ShowFxWorld

» Forex News from InstaForex
Fri Aug 22, 2014 9:48 am by IFX Yvonne

» Shaolin Black Swan and Crunching Hobbit
Wed Jul 23, 2014 7:44 pm by Sauros




Share | 
 

 Technical Analysis for GBP

Go down 
AuthorMessage
fxpulsation



Posts : 8759
Join date : 2012-01-25

PostSubject: Technical Analysis for GBP   Thu Mar 06, 2014 10:30 am



Technical Analysis for GBP

The pair moved to the upside yesterday and stabilized above 1.6670 again, meanwhile trading remained below 1.6740 keeping the pair within an intraday sideways range.

The upside move requires breaching 1.6740 and stabilizing above it to support the positive signal showing on Linear Regression Indicators and AROON. Negativity requires breaking 1.6670 and stabilizing below it to support the signal on MACD traditional. Therefore, we prefer to remain intraday neutral today waiting for new confirmation signals.

Support: 1.6700, 1.6770, 1.6625, 1.6600, 1.6580
Resistance: 1.6740, 1.6785, 1.6800, 1.6860, 1.6920

Recommendation Based on the above, we prefer to remain neutral waiting for confirmation signals For traders who can take high risks, sell the pair around 1.6650 targeting 1.6625 and 1.6600 then 1.6545 with stop-loss above 1.6740, or buy the pair above 1.6750 targeting 1.6775 and 1.6800 then 1.6860 with stop-loss below 1.6670.
Back to top Go down
View user profile
 
Technical Analysis for GBP
Back to top 
Page 1 of 1
 Similar topics
-
» Technical situation after the today downward!
» Technical Mandatory offer
» Sri Lanka's Sampath Bank gets new MD
» Sri Lanka: All Share Index (ASI) crashes below key 200 day moving average

Permissions in this forum:You cannot reply to topics in this forum
The Hand of Scalpuman :: The Trading Holy Grail Forums :: Economic News, Market Comments & Opinions-
Jump to: