Wednesday, July 29, 2009
GBP-USD Strong Support & Resistance
Along this week still there is no clear indication to where will the GBP-USD is heading to. Strong volatility movement along the 4 hourly time frame Bollinger band indicator making it very difficult to guess the intention of the big crowds.
Based on Daily time frame there is a likelihood, it should move down to the bottom of the bollinger band in daily time frame. From past historical analysis I have a strong opinion that it should move down to 1.6104 support level at least for this week. Then move up again to retest 1.6563 by next week.
We will see if my opinion is correct along this week.
Marketiva Forex: Trade as low as $1 & FREE $5 + $10000 Virtual Practice Money. Liberty Reserve, Webmoney, e-Dinar. The best practice account for forex beginner.
Forex Beginner Topics
GBP-USD Technical Analysis (35) Technical Indicators (34) Daily Technical Analysis (27) Trade Results (19) AUD-USD Technical Analysis (15) USD-CAD Technical Analysis (12) EUR-JPY Technical Analysis (11) Fundamental Analysis (10) GBP-JPY Technical Analysis (10) Advance (8) Trading Strategy (8) Intermediate (7) The Unpredictable (7) Mindset Training (5) EUR-GBP Technical Analysis (4) Introduction To Forex (4) Market Analysis (4) Trend (4) Chart Patterns (3) GBP-USD Fundamental Analysis (2) USD-JPY Technical Analysis (2) Currency Correlation (1)
Let's take a look at the historical chart of the major currencies traded in Forex over the course of 37 years period since 1978 until pr...
Strong bearish signal has pushed the EUR-USD deep to oversold position, but is it going to stop soon when the Euro Zone market open or conti...
Trade result for EUR-USD and AUD-USD on the 4th June 2016 As expected the EUR-USD and AUD-USD should go for major correction after an ex...
MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9 Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Pe...
MACD Settings:- First EMA = 12 | Second EMA = 26 | Signal EMA = 9 Stochastic Settings:- Period = 5 | Average Period Fast = 7 | Average Perio...