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: The GBP/USD continues moving in a low range, so it is very likely that this pair will begin to make more extended corrective movements. If the pair manages to make a breakout of the support level of 1.6766, it's expected to fall to the level of 1.6663, which would be a trend change and we must be aware of that. The MACD indicator is entering neutral territory.

Exchange Rates 22.04.2014 analysis

H4 chart: This pair has again found resistance at the level of 1.6822, so the GBP/USD is trying to make a breakout of the support level of 1.6785. If the pair manages to consolidate below that level, it would be expected to fall to the level of 1.6710, which would be very likely. However, it's advisable to keep putting buy orders above the resistance level of 1.6822. The MACD indicator is in negative territory.

Exchange Rates 22.04.2014 analysis

H1 chart: The GBP/USD failed to make a breakout on the resistance level of 1.6800, and now it is very likely that this pair will fall to the support level of 1.6750, where the 200 SMA is located. However, if the pair manages to do. a breakout at the 1.6825 level, it's expected to rise to the level of 1.6850. The MACD indicator is in negative territory.

Exchange Rates 22.04.2014 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 1.6850, take profit is at 1.6900, and stop loss is at 1.6800.

*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.