empty
 
 
17.03.2014 02:41 AM
Daily analysis of GBP/USD for March 17, 2014

Daily chart: This pair keeps moving below the resistance level of 1.6663. However, the bullish trend is still alive in the GBP/USD, because this pair is forming a bullish pattern on the daily chart. Last week, the pair formed a fractal near the 1.6540 level. If GBP/USD manages to make a breakout at the level of 1.6663, it's expected to rise to the level of 1.6766. The MACD indicator is in negative territory.

This image is no longer relevant

H4 chart: GBP/USD has made a bullish rebound above the 200-day moving average, so this pair is trying to make a breakout at the resistance level of 1.6644. If successful, it is expected to rise to the level of 1.6667. On the other hand, it is expected to fall to the support level of 1.6592 if the pair takes a bearish rebound to current levels. The MACD indicator remains in positive territory.

This image is no longer relevant

H1 chart: This pair is consolidating above the support level of 1.6629. If the pair manages to consolidate above the 200-day moving average, it's expected to rise to the resistance level of 1.6700. Furthermore, the GBP/USD may form a trend change pattern. If GBP/USD manages to consolidate below the 1.6629 level, it's expected to fall to the level of 1.6578. The MACD indicator is in positive territory.

This image is no longer relevant

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.6629, take profit is at 1.6578, and stop loss is at 1.6682.

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