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
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

Long-term review

Daily chart: GBP/USD had a bullish momentum that allowed it to make a breakout on the resistance level of 1.6663 and now this pair has consolidated above that level. Now this pair is trying to make a breakout in the resistance level of 1.6766. If successful, it is expected to rise to the level of 1.6851. The MACD indicator is in positive territory.

Exchange Rates 09.04.2014 analysis

H4 chart: The GBP/USD is consolidating above the bearish trend line near to the 1.6730 level and now it is very likely that this pair will rise to the resistance level of 1.6785. If the pair manages to make a breakout at that level, it would be expected to rise to the level of 1.6822. The MACD indicator is entering overbought area.

Exchange Rates 09.04.2014 analysis

H1 chart: This pair is forming a lower high pattern above the support level of 1.6700. At current levels, it is forming a point of control. If GBP/USD manages to make a breakout on the resistance level of 1.6750, it's expected to rise to the level of 1.6800. On the other hand, it's expected to fall to the level of 1.6700 if the pair takes a bearish rebound to current levels. The MACD indicator is in negative territory.

Exchange Rates 09.04.2014 analysis

Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.6750, take profit is at 1.6800, and stop loss is at 1.6700.

*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 © 2007-2020
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.