empty
 
 
28.02.2014 02:12 AM
Daily analysis of GBP/USD for February 28, 2014

Daily chart: The pair managed to recover from the fall that was below the support level of 1.6663, and now the GBP/USD is trying to consolidate above this level. It is very likely that this pair will begin to be dominated by the strength of the bulls, so its bullish bias in this chart could be strengthened in the coming hours, due to the strength of the sterling. The MACD indicator is in the overbought zone and entering negative territory.

This image is no longer relevant

H4 chart: The GBP/USD has consolidated above the support level of 1.6667, but we must stress that this pair formed a fractal near the 1.6700 level. If the pair manages to break that level, it is expected to rise to the level of 1.6775. On the other hand, if the pair manages to make a breakout at the support level of 1.6667, it is expected to fall to the level of 1.6644. The MACD indicator is in neutral territory.

This image is no longer relevant

H1 chart: In this chart, the GBP/USD is forming a lower high pattern above the point of control at the level of 1.6680, so it is very likely that this pair will rise to the resistance level of 1.6700. If the pair manages to make a breakout at that level, one would expect that the GBP/USD made a strong bullish consolidation. The MACD indicator is entering overbought area.

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 1.6700, take profit is at 1.6750, and stop loss is at 1.6650.

InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback