All Blog Posts Tagged 'GBPUSD' (689)

FX Light - Bot EURUSD

There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”Jesse Livermore – Legendary Trader. 1877-1940  

August 26th 2014 – I’ve bought some EURUSD just above 1.32 as a scalping trade.…

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Added by Gary on August 26, 2014 at 8:00am — No Comments

GBPUSD Weekly Forecast Aug 25 2014

Outlook in GBPUSD remains on the downside as long as resistance 1.6765/1.6888 holds on a weekly basis , support comes at the 1.6563 levels , losing this levels would open 1.6450 /1.6382  next , further downside will aim the 1.6251 levels . At this point I’d expect strong support from the 1.6251/1.6450 levels to contain fall from the 1.7190 levels and bring rebound . however ; sustained trading – weekly closing below the 1.6250 levels will bring free fall towards the 1.6058 levels ahead of…

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Added by Haitham653 on August 25, 2014 at 8:56am — No Comments

GBPUSD Daily Forecast Aug 21 2014

Outlook in GBPUSD remains on the downside as long as resistance 1.6610 holds on a daily closing basis , next support comes at the 16550 levels , losing this level will open 1.6450 levels , a halt is likely , but further losses will aim the 1.6250 levels…

On the upside , resistance comes at the 1.6610 levels , break of the 1.6610 levels on a daily basis will turn outlook neutral towards the 1.6678/1.6738 levels before the next fall….

In all , as long as resistance 1.6610 holds…

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Added by Haitham653 on August 21, 2014 at 9:06am — No Comments

FX Light - Tiptoeing Into A Long GBPUSD Position

21st August 2014. Yesterday’s Fed minutes were a bit of a strange event. The tone was clearly more hawkish and yet the equity markets took it all within stride. The Fed exiting QE and raising interest rates is apparently no problem. Still watch these markets carefully into the end of the week as we…

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Added by Gary on August 21, 2014 at 7:18am — No Comments

GBPUSD Daily Forecast Aug 20 2014

The GBPUSD continued its bearish momentum yesterday , printed resistance at the 1.6737 levels .This development leaves the pair targeting the 1.6450  levels , a halt is likely , but losing this level would open 1.6250 next , further downside will aim the 1.6000 levels…

On the upside , resistance comes at the 1.6656 levels ahead of the 1.6737  levels , break of the 1.6737  levels on a daily basis will turn outlook neutral towards the 1.6838 levels ahead of the 1.6888 levels……

In…

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Added by Haitham653 on August 20, 2014 at 9:58am — No Comments

FX Light - Fed Minutes & Cable Oversold

20th August 2014. The major event risk today will be the release of the minutes of the last Fed meeting and I would expect some EURUSD volatility there. Also it is worth noting the significant drop in GBPUSD both yesterday and over the past number of days perhaps now setting us up for a long scalping or…

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Added by Gary on August 20, 2014 at 6:30am — No Comments

GBPUSD Daily Forecast Aug 15 2014

The GBPUSD declined as suggested few days ago reached the 1.6692 levels as said before , Outlook in GBPUSD remains on the downside as long as resistance 1.6756/1.6838 holds on a daily closing basis , support comes at the 1.6688 levels , losing this level on a daily closing basis is needed to resume the downside move , If seen , next target would be the 1.6550 levels , a halt is likely , but further losses will aim the 1.6375 levels.

On the upside , resistance comes at the 1.6756…

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Added by Haitham653 on August 15, 2014 at 8:05am — No Comments

FX Light - EURUSD and GBPUSD Outlook

14th August 2014. So both German and Italian GDP growth contracted 0.2% in Q2. Investment and construction are weak but the conventional wisdom is that there should be a pick-up in the second half of 2014. Hopefully that is true but certainly Russia and the sanctions regime could well be a…

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Added by Gary on August 14, 2014 at 7:21am — No Comments

GBPUSD - Bullish Hammer pattern targets higher levels

Although a new 2 month low was posted in early trading yesterday, Monday’s indecisive price action was followed by profit taking. This bounce created a Bullish Hammer on daily candle charts which, especially ahead of a key 50% correction point, leaves immediate sentiment as positive. The bounce is likely to be temporary, especially while the 13 day average is intact, but sentiment is assessed as positive with potential to 1.6825, 1.6847 and 1.6866.…

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Added by Alan Collins on August 13, 2014 at 6:00am — No Comments

GBPUSD Weekly Forecast Aug 11 2014

The GBPUSD continued its bearish momentum last week , printed resistance at the 1.6888 levels . This development leaves the pair targeting the 1.6650  levels , a halt is likely , but losing the 1.6650 levels on a weekly basis would open 1.6500 next , further downside will aim the 1.6350 levels….

On the upside , break of the 1.6888 levels  will turn outlook neutral for the 1.7035/1.7190  levels , a halt could be seen , but break of the 1.7190  levels will open 1.7300  levels…

In…

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Added by Haitham653 on August 11, 2014 at 9:32am — No Comments

GBPUSD Weekly Forecast Aug 04 2014

Weekly Outlook in GBPUSD remains neutral with risk to the downside this week as long as resistance 1.7035/1.7190  holds on a weekly closing  basis , support comes at the 1.6692/1.6737 levels , we might see hesitation around this level , but further losses will open up the 1.6563 levels , ahead of the 1.6458/1.6382/1.6251 levels before the next strong rise……

On the upside , resistance comes at the 1.7035 levels , sustained trading – weekly closing – above this level should weaken the…

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Added by Haitham653 on August 4, 2014 at 8:02am — No Comments

GBPUSD Daily Chart

Added by Sheeda Pastaol on July 29, 2014 at 6:55am — No Comments

FX Light - A Big Week For the Buck

“One characteristic I’ve found among successful traders is that they function effectively when they’re not trading. When markets become very quiet and range bound, they occupy themselves with a variety of activities, from sharing ideas with peers to conducting research. Traders who do not tolerate…

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Added by Gary on July 28, 2014 at 9:51am — No Comments

GBPUSD Daily Forecast Jul 25 2014

Outlook in GBPUSD remains on the downside as long as resistance 1.7000/1.7040 holds on a daily closing basis , next support comes at the 1.6965 levels , losing this level  would open 1.6900 next , further downside will aim the 1.6825 levels…….

On the upside , resistance comes at the 1.7000 levels ahead of the 1.7040 levels ( main) , break of the 1.7040 levels on a daily basis will turn outlook neutral for retesting the 1.7082/1.7143 levels before the next fall…

In all , as long…

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Added by Haitham653 on July 25, 2014 at 9:25am — No Comments

GBPUSD Daily Forecast Jul 24 2014

Outlook in GBPUSD remains on the downside as long as resistance 1.7082 holds on a daily closing basis , support comes at the 1.7040 levels , losing this level would open 1.7000 levels , a halt is likely ,and buyers might back to the market form this point ,  but losing the 1.7000 levels will open 1.6950 next , further losses will aim the 1.6880 levels…

On the upside , resistance comes at the 1.7082 levels , break of 1.7082 on a daily basis will turn outlook neutral for retesting the…

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Added by Haitham653 on July 24, 2014 at 6:59am — No Comments

GBPUSD Weekly Forecast Jul 21 2014

Despite the bearish correction last week , outlook in GBPUSD remains on the upside , resistance comes at the 1.7120/ 1.7179 levels , sustained trading above the  1.7179 would open the 1.7310 levels , a halt is likely , and a top is suggested around this level, but break of the 1.7310 levels will open the 1.7480 next , further upside will aim the 1.7665 levels…

On the downside , support comes at the 1.7051 levels ahead of the 1.6991 levels ( main ) , sustained trading – weekly closing…

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Added by Haitham653 on July 21, 2014 at 10:25am — No Comments

GBPUSD Weekly Forecast Jul 14 2014

Outlook in GBPUSD remains on the upside this week , resistance comes at the 1.7179 levels , a break would open the 1.7310 levels , a halt is likely , and a top is suggested around this level, but break of the 1.7310 levels will open the 1.7480 next , further upside will aim the 1.7665 levels…

On the downside , support comes at the 1.7051 levels ahead of the 1.6991 levels ( main ) , losing the last one on a weekly closing basis will turn outlook neutral for retesting the 1.6737/1.6692…

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Added by Haitham653 on July 14, 2014 at 10:16am — No Comments

GBPUSD Daily Forecast Jul 04 2014

Outlook in GBPUSD remains on the upside as long as support 1.7114 holds on a daily closing basis , resistance comes at the 1.7165 levels ,  break of 1.7165 on a daily basis would open 1.7235 levels next , further upside will aim the 1.7320  levels…

On the downside , support comes at the 1.7114 levels , losing this level on a daily closing basis will turn outlook neutral for retesting the 1.7051/1.7007 levels before the next rise…

In all , as long as support holds 1.7114 holds…

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Added by Haitham653 on July 4, 2014 at 8:48am — No Comments

FX Light - Strategy Around NFP's and ECB Rate Decision.

3rd July 2014. So today we have a fair bit packed into the news flow because there is a July 4th holiday on Friday so we have NFP’s today, plus we have an ECB rate decision. It could well be argued that a big upside surprise on Non-Farm Payrolls will shake up the equity markets but I…

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Added by Gary on July 3, 2014 at 8:42am — No Comments

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