The GBPUSD maintained a bullish momentum 2 days ago , broke above the key resistance 1.6874 .This development leaves the pair targeting the 1.6995 levels , a halt is likely , but a break would open 1.7100 next , further upside will aim the 1.7200 levels.
On the downside , support comes at the 1.6824 levels , a break would open main support at the 1.6730 levels . At this point , I’d expect strong support from the 1.6730 levels to contain fall from 1.6995 levels and bring rally…Continue
Outlook in GBPUSD remains neutral this week with risk for both sides , on the upside : resistance comes at the 1.6900 levels , a break would open 1.6995 (main) , a halt is strongly suggested , but sustained trading – weekly closing – above 1.6995 will extend gains towards the 1.7100 levels ahead of the 1.7200 levels.
On the downside , support comes at the 1.6730 levels , a break would open main support at 1.6563 levels , a halt is likely , but sustained trading - weekly…Continue
Added by Haitham653 on May 19, 2014 at 6:15am — No Comments
“Avoid having your ego so close to your position so that when your position fails, your ego goes with it.” General Colin Powell, US Army.
May 15th 2014. In weeks gone by I have made a fairly big deal out of important economic numbers only to see minimal…Continue
Added by Gary on May 15, 2014 at 10:20am — No Comments
BofAML - "£/$ is rolling over and on the verge of completing a medium, potentially long term bullish turn in trend. 1.6748/1.6709 (Apr'11 pivot and 6m channel base) is KEY SUPPORT. A close below here confirms the turn in trend exposing the Oct'13 pivot at 1.6262 and potentially below. With $/¥ still setup for a test and break of the 200d at 101.15 (we target 99.37 and potentially below), watch £/¥. It is on the verge of breaking 1.5yr channel support at 170.43. Below here would see…Continue
Added by Francesc Riverola on May 15, 2014 at 9:38am — No Comments
The background in GBPUSD remains last week's Bearish Inverted Hammer. Monday’s rally proved limited – unable to close above the 13 day moving average and failing at Friday’s Marabuzo line. The subsequent renewal of selling produced a 4th down day from the last 5 and although oversold extremes have produced profit taking in Asia we currently look for bounces to be limited with potential for renewed downside to focus on 1.6819…Continue
Added by Alan Collins on May 14, 2014 at 6:19am — No Comments
The GBPUSD continued its bullish momentum yesterday , printed support at the 1.6863 levels . This development leaves the pair targeting the 1.7045 levels where a breach is very likely , If seen , It will target 1.7140 next , further upside will aim the 1.7230 levels.
On the downside , support comes at the 1.6918 levels ahead of 1.6863 ( main) , stability above support levels will keep the bullish momentum intact , however ; sustained trading – daily closing – below 1.6863 will turn…Continue
Added by Haitham653 on May 7, 2014 at 7:18am — No Comments
“Victorious warriors win first and then go to war, while defeated warriors go to war first, and then seek to win”. Sun Tzu, The Art of War
May 6th 2014. I would say SPX 1800, USD/JPY 100.75 and EUR/CHF 1.2100 are those major areas you want to pay…Continue
Added by Gary on May 6, 2014 at 9:24am — No Comments
The GBPUSD continued its bullish momentum last week , bottomed at the 1.6776 levels and topped at the 1.6918 levels , as a result ; outlook in GBPUSD remains on the upside , break of 1.6918 would open 1.7045 next , further upside will aim the 1.7190 levels.
On the downside , support comes at the 1.6776 levels ahead of 1.6563 ( main ) , stability above support will keep the bullish momentum intact , however ; losing the 1.6563 levels on a weekly closing basis is needed to signal short…Continue
Added by Haitham653 on May 5, 2014 at 8:42am — No Comments
Currently we are at 94.82. We are looking for a continuation to the Day chart trend line area @ 94.10-16 and then a possible bounce. The average daily true range (ATR) for the pair currently is 72 pips.…Continue
Added by Scott Barkley on May 1, 2014 at 12:13pm — No Comments
The GBPUSD continued its bullish momentum yesterday , printed support at the 1.6806 levels . This development leaves the pair targeting the 1.7000 levels , a halt is likely , but a breach would open 1.7175 next , further upside will aim the 1.7350 levels.
On the downside , support comes at the 1.6847 levels ahead of 1.6806 ( main ) , stability above support levels will keep the bullish momentum intact , however ; losing the the 1.6806 levels on a daily closing basis will turn…Continue
On cable we are tracking a bullish impulsive wave count, now with wave V in progress which is a final leg of the pattern. Wave V also must be structured by five subwaves, so we expect more upside as pullback down to 1.6463 unfolded in corrective manner, labeled as wave (4). We are looking for a rally toward 261.8% projected target of wave IV and even to 1.7000 before we may look for evidences of a bearish reversal. As long as pair stays above the lower trendline trend is up!
Added by Gregor Horvat on May 1, 2014 at 7:35am — No Comments
"(...) Re-pricing of front end interest rate expectations in the UK and then the US is the most likely cause (eventually) of some renewed Majors FX market volatility. But tightening is not yet imminent anywhere (outside New Zealand where rate rises are already well discounted in the super expensive level of the NZD). So, a more prolonged period of FX market lethargy is most likely. During any such period, the 'pain' trade for global FX markets is a weaker dollar – EUR/USD higher through…Continue
Added by Daologic on April 30, 2014 at 2:53pm — No Comments
Despite hesitation last week , outlook in GBPUSD remains on the upside towards the 1.6920 levels where a breach will turn focus on the 1.7040 levels , further upside will aim the 1.7185 levels.
On the downside , support comes at the 1.6656 levels ahead of 1.6563 (main) , stability above support levels will keep pushing towards the 1.6920 levels , however ; sustained trading – weekly closing – below the 1.6563 levels will turn outlook neutral for retesting 1.6458/1.6382 levels…Continue
Added by Haitham653 on April 28, 2014 at 10:03am — No Comments
The GBPUSD failed to hold its gains above the 1.6785 levels yesterday , bottomed at the 1.6761 and closed at 1.6780 . As a result ; a short term top has been confirmed at the 1.6835 levels , outlook has turned neutral at the moment .
On the downside , the GBPUSD will have to hold below the 1.6761 levels on a daily closing basis to push the market for further downside losses , If seen , It will target the 1.6720 levels where a breach will turn focus on the 1.6656 levels , further…Continue
Added by Haitham653 on April 24, 2014 at 5:18am — No Comments
The GBPUSD continued its bullish momentum last week , bottomed at the 1.6656 levels and topped at the 1.6840 levels . This development leaves the pair targeting the 1.6920 levels where a breach will turn focus on the 1.7040 levels , further upside will aim the 1.7185 levels.
On the downside , support comes at the 1.6656 levels ahead of 1.6563 (main) , stability above support levels will keep pushing towards the 1.6920 levels , however ; sustained trading – weekly closing –…Continue
DAILY ACCURATE KEY LEVES BY SPIDERMAN
EURUSD 1.3814 ,
Added by Spider-Man on April 18, 2014 at 1:31am — No Comments
Hello ladies and gents, I'm not a big Cable trader but I like what the markets got for us for the next few weeks, and I think the next few weeks are going to be disappointing for the UK, but lets delve into some Fundamental Analysis on the Cable (GBPUSD).
The United Kingdom:
I really like Carney, he did a decent job in Canada while he was here, but he's notorious for strengthening currencies... wouldn't you agree? The big measurement tool…Continue
Added by Dayton Marks on April 15, 2014 at 8:45am — No Comments
GBP/USD –the price formed an evening star candlestick pattern (circled on the chart above) near a key 1.6812 resistance, being formed by the 138.2% Fibonacci projection from the Jul-Oct 2013 impulse wave. Also, weekly MACD had turned bearish, indicating a long-term change in sentiment looming. These signals…Continue
Added by Daologic on April 14, 2014 at 3:51am — No Comments
GBPUSD broke to the upside yesterday as expected after a completed corrective wave (ii) at 1.6552 last Friday. Pair turned very strongly to the upside which is very typical for wave (iii) of a five wave move as this leg is usually an extended and the sharpest compared to other impulsive legs. With that said, we see room for much higher levels, ideally market will rise to new high of the year, up to 1.6900 in days ahead while 1.6552 support holds.
GBPUSD 4h Elliott Wave…Continue
Added by Gregor Horvat on April 9, 2014 at 8:00am — No Comments
"Trading Strategy | Continue to look for opportunities to accumulate dollars as the data challenge the Fed's push back on higher market interest rates. Add GBP/USD shorts to existing USD/CHF longs on evidence of widening imbalances and slowing UK growth. Stay short EUR/USD after last week's soft Euro area CPI report and dovish ECB. Add on a break of 1.3645. Square tactical long USD/SEK exposure ahead of this week's Riksbank meeting, but…Continue
Added by Daologic on April 7, 2014 at 12:30pm — No Comments