Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses

Daily chart: GBPUSD continues to strengthen its bullish trend in this chart, breaking the resistance level of 1.5506. This pair is trying to consolidate above the 200-day moving average and it is very possible that it will rise to the resistance level of 1.5642. By now, we are expecting that GBPUSD will start making corrective movements due to the laterality of its bullish trend today. Furthermore, if the support of GBPUSD manages to break at the level of 1.5506, it is expected to drop to the level of 1.5407. The MACD indicator remains in positive territory and this could strengthen our bullish outlook for this pair.

 

 

Exchange Rates 09.08.2013 analysis

 

H4 chart: This pair is forming a lower high pattern, above the support at the 1.5512 level. It is very possible that this pair rise to the resistance level 1.5604 and if it manages to break that level, it is expected to rise to the level of 1.5752 in the medium term. On the other hand, if the GBPUSD achieved in breaking the support level at 1.5512, it is expected to drop to the level of 1.5436. For now, this pair remains above the 200 day moving average, which would strengthen our bullish outlook for this pair. However, the MACD indicator is showing extreme overbought, so we must be cautious.

 

 

Exchange Rates 09.08.2013 analysis

 

H1 chart: GBPUSD is holding above support level of 1.5534. The chances are high that GBPUSD will rise to the resistance level of 1.5590. On the other hand, if the pair manages to break the support level of 1.5534, it is expected to drop to the level of 1.5501. GBPUSD continues forming a lower high pattern and it is possible that this pair will continue to strengthen up, so we must be pending before any formation of a bullish pattern. The MACD indicator remains in negative territory.

 

 

Exchange Rates 09.08.2013 analysis

 

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks the bullish candlestick; the resistance level is at 1.5590, take profit is at 1.5632, and stop loss is at 1.5549. 

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by InstaForex Analyst,
Analytical expert
InstaForex Group © 2007-2018
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.