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Gbpusddaily

GBPUSD 1H 'M' Formation & ForecastGBPUSD has just it's 4th leg on an M formation, with price reacting perfectly to our previous prediction. We have taken profit from our trade long to resistance, and now wait to see if price breaks through support or bounces back upwards. Interestingly, the 200 MA is sitting near the Support Level at the moment adding an extra layer of buyer demand. However, with the overall daily trend being bearish, we find it more probable of a break downwards. We await confirmation. Trading Ideas: Trade the range Trade the M formation Trade the breakout on either side
Short
by Elemont
XAU/USD - Gold Market Overview - 4th July 2016Overview: The Gold markets rally during the course of the session on Friday, touching the $1350 level. At this point in time, Gold sentiment is bullish and market is ready to go higher, as buyers are still interested in the market. The main trend of Gold is bullish on charts and and market is sustaining above the 100 days moving average on its 4 hourly chart. It is having important resistance at the level of $1360 and support level at the level of $1340. On its 4 hourly charts, MACD is sustaining in its positive territory and RSI is sustaining in its buying zone indicating the upcoming bearish trend in the oil prices. On intra day basis one can go for buy on lower level strategy. www.tradingsignalreviews.com
FX_IDC:XAUUSDLong
by TheBanker
GBPUSD 725 PIP OPPORTUNITY !!! Rarely wrong on cable, as I mentioned yesterday, market in potential Head & Shoulder formation managed to hit the market with first drop so far toward 1.4325 level where market back to advance from intraday uptrend level. GBP/USD Overview: Market still has room to advance to re-test resistance zone 1.4410-40 while as long as market holding below 1.4515 this H&S formation may drive market lower toward 1.3950 zone, where below 1.4325 expect farther drop along with this formation Above 1.4515 market may enter new advance channel that may lead higher to test 1.4600-70 zone. www.tradingsignalreviews.com
Short
by TheBanker
49
ForexTrading Tips Easy 200-300 Pips GBPUSD BUY BUY!!GBP/USD Hourly 1.4076 Overview : Market managed to fell to test support 1.3845 as we see over the chart, while managed from there to rebound toward target zone 1.3960-1.4000 as we advised before on Tuesday. Britain published construction sector PMI: 54,2 that is lower then the forecasted 55,5. The pound did not receive support from the black gold market positive dynamics. The financial markets showed a steady demand for "risk assets", which allowed the British currency to finish the day in the "green zone". The price is finding the first support at 1.4000, the next one is at 1.3920. The price is finding the first resistance at 1.4080, the next one is at 1.4140. The price is in the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show an upward movement forming a “Golden Cross”. Indicators: RSI is in the buy zone to indicate further bullish movement in this pair with some relief for now in sterling. The MACD indicator is in a neutral territory. The price is growing. Best of luck guys :) For more information on signals please see; www.tradingsignalreviews.com
Long
by TheBanker
21
Forex Market Analysis And Trading Tips Feb 17th 2016SUMMARY: The primary trend of GBP/USD is bearish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and taking resistance of 200 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4405 and support at the level of 1.4175. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair. STRATEGY: GBP/USD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it. www.tradingsignalreviews.com
Short
by piponomics
Technical Analysis Idea GBP/USD - 04/02/2016The British Pound retains a strong upward tone after of the BOE's economic policy statement, trading a handful of pips above the fresh 4-week high posted last Wednesday, and pressuring the 50% retracement of the latest daily decline between 1.5239 and 1.4078. Carney says the Bank of England expects real incomes in the UK to grow solidly this year, after several lean years. And business investment should also continue to grow strongly. Retracements are now seen as buying opportunities, with short term supports at 1.4605 and 1.4560 ahead of the critical one at 1.4530. This last should keep the downside contained in order to maintain the bullish potential. www.tradingsignalreviews.com
Long
by piponomics
Bullish and Bearish potential setups on CableI have highlighted daily support areas which are confluent with Fibonacci levels. I lean towards the Bearish side, however I would not discount the Bullish targets on screen, especially with announcements from the US today. The bullish or bearish move will depend largely on price action and candlestick confirmation for me. Another reason for leaning to the bearish side is trend-continuation. Here the overall Bear trend is in full force and I tend to lean towards trading with the trend as much as possible. This is an example of some very effective yet basic technical analysis which is tested and proven to work time and time again. Please leave any comments should you wish to do so. Happy trading and I hope you all have a great weekend! Barry the Forex Trader
Short
by barry_fxtrader
1