All Blog Posts Tagged 'GBPUSD' (766)

GBPUSD MIGHT BE ON IT'S WAY TO TEST THE STRONG SUPPORT 1.542

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Added by Tony - FXS Admin on November 19, 2014 at 11:37pm — No Comments

Building Permits (USD): What you need to know!

Building permits are also one of the key indicators for assessing the economic health of a country, as its a first step towards the start of Construction activity in US. The indicator measure the number of permits issued during the month in order to give an idea about the number of construction activities that would arise in the upcoming period. The figure for this index is always given in an annualized figure. The previous month result was 1.02M in comparison to the forecast of 1.04M, (For…

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Added by Rocky Master on November 19, 2014 at 12:26pm — No Comments

GBPUSD - Channel remains negative, targeting 1.5573

There was limited movement in GBPUSD yesterday - producing an 'Inside' day that reflects a degree of investor indecision. But for a 2nd day in a row, the upside was rejected and this, coupled with a declining Keltner channel and 13 day moving average keeps immediate sentiment negative with potential through 1.5599 to 1.5573.…

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Added by Alan Collins on November 19, 2014 at 6:59am — No Comments

GBPUSD Daily Forecast Nov 13 2014

The GBPUSD  continued its bearish momentum yesterday , printed resistance at the 1.2941 levels (as suggested before).This development leaves the pair targeting the 1.5666 levels , a halt is likely , but a cut would open 1.5520 next , further downside will aim the 1.5370 levels.

On the upside , resistance comes at the 1.5835 levels ahead of the…

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Added by Haitham653 on November 13, 2014 at 12:00pm — No Comments

GBPUSD - Marabuzo Line caps. Selling resumed

The market attempted to extend Friday’s profit taking yesterday. However, this demand was limited – failing, and reversing, above a Marabuzo line created by Thursday’s net decline. Resulting losses were minor but it is the upside rejection, coupled with a declining Keltner channel, that is likely to influence today’s sentiment with potential to 1.5791 and towards 1.5757.…

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Added by Alan Collins on November 11, 2014 at 7:02am — No Comments

GBPUSD - Powerful rejection of the lows leaves sentiment positive

Initial powerful selling yesterday took GBPUSD to the most negative levels traded for 12 months. But that downside was almost equally aggressively reversed to leave prices only marginally lower from open to close. Overall in fact, there has been only minor movement over the last 5 days. Although this means that sentiment is not strong, yesterday's bounce sets the tone for intraday signals with a move above the key 13 day moving average increasing positive momentum. Our targets are 1.6024 and…

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Added by Alan Collins on November 6, 2014 at 7:03am — No Comments

Market outlook ahead of FOMC rate decision Oct 29 2014 !

The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) statement is the primary tool the panel uses to communicate with investors about monetary policy, It contains the outcome of the vote on interest rates, discusses the economic outlook and offers clues on the nearest future.

The FOMC announcement will be today at  18:00 GMT .  They are  expected to leave policy rates unchanged-with fed funds at range of zero to 0.25 percent,  there was some talk about a minority expand…

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Added by Haitham653 on October 29, 2014 at 7:38am — No Comments

GBPUSD Weekly Forecast Oct 06 2014

The GBPUSD continued its bearish momentum last week , bottomed at the 1.5951 levels and topped at the 1.6286 levels . outlook in GBPUSD remains on the downside as long as resistance 1.6237 holds on a weekly closing basis , next support comes at the 1.5902 levels . At this point I’d expect strong support from the 1.5902 levels , however ; a clear break below the 1.5902 levels will pave the way towards the 1.5656 levels , before the next rise …

On the…

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Added by Haitham653 on October 6, 2014 at 9:00am — No Comments

FX Light - They say Forex Is Risky But What About Tesco This Morning?

September 22nd 2014. They say that trading Forex is risky and of course it is. However the implication is often that trading equities is not risky. For those people I have one word this morning, Tesco! TSCO and all equities gap at least five times a week and while forex can gap too, it’s not anywhere as much as that. End of…

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Added by Gary on September 22, 2014 at 8:30am — No Comments

GBPUSD Weekly Forecast Sept 22 2014

Outlook in GBPUSD has turned neutral with risk to the downside , resistance comes at the 1.6524 levels , a failure to hold above the 1.6524  levels on a weekly closing basis could mean a return to the 1.6051 levels , a cut will resume the whole fall towards the 1.5853 levels , a halt is likely , but losing the 1.5853 levels will continue losses towards the 1.5500 levels.

On the upside , resistance comes at the 1.6259 levels ahead of the 1.6524 levels (main) , sustained trading…

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Added by Haitham653 on September 22, 2014 at 8:23am — No Comments

GBPUSD Daily Forecast Sept 19 2014

The GBPUSD continued its bullish momentum yesterday , printed support at the 1.6245 levels and topped at the 1.6408 levels , this development leaves the pair targeting the 1.6500 levels, a halt is likely  , but further upside will aim the 1.6630 levels ahead of the 1.6740 levels..

On the downside , support comes at the 1.6245 levels , sustained trading – daily closing – below this level will terminate he current bullish run and turn outlook towards the 1.6051 levels…

In all ,…

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Added by Haitham653 on September 19, 2014 at 9:03am — No Comments

GBPUSD Daily Forecast Sept 18 2014

Outlook in GBPUSD remains neutral at the moment , recovery mode above the 1.6230 levels is expected to be limited by the 1.6360/1.6467 levels , however ; sustained trading – daily closing – above the 1.6467 levels will turn outlook bullish towards the 1.6615/1.6738 levels before the next move…

On the downside , minor support comes at the 1.6230 levels , a clear break – daily closing- below this level should weaken the current bullish correction , If seen , focus will be on main…

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Added by Haitham653 on September 18, 2014 at 10:06am — No Comments

GBPUSD Daily Forecast Sept 17 2014

No change , outlook in GBPUSD remains neutral  with risk to the downside at the moment  , sideways trading is suggested above the key support 1.6051 , but upside move above the 1.6051 levels should be limited strongly by the 1.6360/1.6467 levels , however ; a clear break above the 1.6476 levels will bring strong recovery towards the 1.6615/1.6738 levels ..

On the downside , to resume the downside offensive , a clear break below the 1.6051 levels is needed  , If seen , next support…

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Added by Haitham653 on September 17, 2014 at 9:15am — No Comments

GBPUSD Daily Forecast Sept 16 2014

Outlook in GBPUSD remains neutral  with risk to the downside at the moment  , sideways trading is suggested above the key support 1.6051 , but upside move above the 1.6051 levels should be limited strongly by the 1.6467 levels , however ; a clear break above the 1.6476 levels will bring strong recovery towards the 1.6615/1.6738 levels ..

On the downside , to resume the downside offensive , a clear break below the 1.6051 levels is needed  , If seen , next support will be 1.5853 , more…

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Added by Haitham653 on September 16, 2014 at 8:56am — No Comments

FX Light - Bought Kiwi Overnight

 

September 16th 2014 Hi all. It feels like we are waiting for the next move higher for the USD. If we look across the board the likes of USDJPY and USDCAD are now digesting their previous moves and may look to move higher in the coming sessions again. On the other hand the NZDUSD move lower is beginning to look a bit…

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Added by Gary on September 16, 2014 at 8:34am — No Comments

FX Light - Sold EURJPY - Scotland Votes This Week.

September 15th 2014 This is the week of the Scottish referendum and considering the downside riskactually think markets have not sold off enough. Certainly looking at last week’s weekly Hammer Candlestick I would normally be quite keen to buy GBPUSD…

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Added by Gary on September 15, 2014 at 8:44am — No Comments

GBPUSD Weekly Forecast Sept 15 2014

Outlook in GBPUSD remains on the downside as long as resistance 1.6271 holds on a weekly closing basis , support comes at the 1.6058 levels , losing this level will open 1.5853 next , a halt is likely , but further losses will aim the 1.5500 levels..

On the upside , resistance comes at the 1.6271 levels ,  sustained trading above this level will turn outlook neutral for retesting the 1.6440 levels before the next fall…However ; a clear break above the 1.6440 levels will bring strong…

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Added by Haitham653 on September 15, 2014 at 6:13am — No Comments

GBPUSD Daily Forecast Sept 11 2014

Outlook in GBPUSD has turned neutral  with risk to the downside at the moment  , resistance comes at the 1.6229 levels , sustained trading – daily closing – above the 1.6229  levels will bring  recovery towards the 1.6340 levels where a breach will turn focus on the 1.6500 levels , further upside will aim the 1.6643 levels..

On the downside , a failure to hold above the 1.6229 levels could mean a return to the key support 1.6051 where a cut is likely , If seen , next support will be…

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Added by Haitham653 on September 11, 2014 at 12:53pm — No Comments

GBPUSD Daily Forecast Sept 09 2014

Outlook in GBPUSD  remains on the downside as long as resistance 1.6120/1.6232  holds on a daily closing basis , support comes at the 1.5980  levels , a halt is likely  but a cut will open the 1.5825 levels..

On the upside , resistance comes at the 1.6120  levels ahead of the 1.6232 levels (main) , a clear beak – sustained trading above the 1.6232 levels  will turn outlook neutral for retesting the 1.6340/1.6496  levels before the next fall.

In all , as long as resistance…

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Added by Haitham653 on September 9, 2014 at 3:30pm — No Comments

FX Light - Stretched & Stressed. Greenback On The March

 

September 9th 2014 – Markets now remain quite stretched due largely to the march of the Greenback. We spoke about this all year and we are now seeing it everywhere we look.

EURUSD – Key weekly support now comes in all the way down at…

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Added by Gary on September 9, 2014 at 8:33am — No Comments

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