Yesterday , the pair closed below the daily support 1.6056 adding strong bearish momentum to the pair , RSI(14) on 4 hour broke below 30 line showing a bearish breakout at the nearest time , now a bullish correction toward 1.6056 - 1.6078 is on the horizon before heading toward 1.5900...BUT be careful we…

Do you know that your eyes are better than any other indicator to identify the trend , as shown on the daily chart of GBP/USD above , we still have a strong chance for a down-move ..

OsMA trend indicator having marked a higher high while the market make a lower high - not completed yet - a daily close below…

OK..From the 4 hour chart posted above , it's obvious that we have real bullish breakout,MACD and CCI confirmed the breakout , the same thing EMA 50 and the most important is B.band is expanding but RSI is Overbought , so the pair needs to relax a moment from this journey , the pair now is trading so…

Sell the pair at 1.6235 S/L 1.6335  T/P 1.6035

Regards..

With Friday's close (13 May 2011) -1.6189 - below 1.6234 , the pair completed forming the Right-angled triangle or the half of…

Hello everyone ...

Let's start with the 4 hour chart , yesterday the pair was topped at 1.6517 , then declined…

Well, OsMA indicator's shown that the bearish correction was ended - limited - around 16250, RSI (21) confirmed the breakout , we only need now a close above 1.6516 , then the pair will be heading toward 1.6750....

Keep in mind chances of resuming the upside move is valid as long as stability is above EMA 50 ,…

GBP/USD False Drop the next 24 - 48 hours ?!

With yesterday close  , on daily - slow stoch (5.3.3) almost moved out of over-sold area , CCI(14) is diverging the price , we may witness a sudden fall toward 1.6250 - 16200  the final test , followed by a sideways move for a couple of days , then a strong bullish move may happen any time (may be Friday)?!!

Best Regards

10 May 2011 05:50 PM

The bearish correction happened last week was trapped between EMA 50 and EMA 20 on daily !

according to the…

With Yesterday close 133.60 the pair breached below EMA 50 on daily chart and added strong negativity to the pair , the most thing that need to be watched yesterday's low 132.92 , we only need a daily close below this to support the bearish wave ?!!

Technically , Macd is below the zero line ( today candle )…

From the chart above we can easily see the new support level that the the pair already found at 1.6467 all we need is a four hour close below this level to give the pair strong bearish momentum ? from another point the pair on daily is trading around SMA 20 so it may find strong support and pullback toward…

Please read these 2 blogs for more information :

GBP/USD Long Term Analysis…

Please!! First of all read this blog :

http://www.forexstreet.net/profiles/blogs/gbpusd-long-term-analysis

Well , with the beginning of this year , the pair has been heading toward Fibo 38.2%…

GBPUSD..Triangle A continuous trend Pattern , look 4 a bullish  breakout , target around 100 - 150 pips

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