empty
 
 
07.03.2014 03:51 AM
Daily analysis of GBP/USD for March 07, 2013

Daily chart: This pair found resistance at the level of 1.6766, but the GBP/USD remains strong in the bullish bias. If the pair manages to consolidate above this level, it would be expected to rise to the resistance level of 1.6851. On the other hand, it is very likely that the GBP/USD makes a corrective move and fall to the support level of 1.6663, so we must be very cautious. The MACD indicator is in neutral territory.

This image is no longer relevant

H4 chart: GBP/USD formed a fractal near to the bullish trend line at the 1.6780 level. Now this pair is making a bearish movement, so it is likely to fall to the support level of 1.6695. On the other hand, if the pair manages to make a breakout at the 1.6822 level, it's expected to rise to the resistance level of 1.6950 in the medium term. The MACD indicator is in positive territory.

This image is no longer relevant

H1 chart: The GBP/USD had a bullish momentum thanks to a bullish movement from the point of control at the level of 1.6715. However, this pair found strong resistance at the level of 1.6750. If the pair manages to make a breakout at that level, it would be expected to rise to the resistance level of 1.6800. The MACD indicator is entering negative territory.

This image is no longer relevant

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.

InstaForex Analyst,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $6000 अधिक!
    में दिसंबर हम आकर्षित करते हैं $6000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें

अनुशंसित लेख

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback