empty
 
 
28.07.2014 05:49 AM
Weekly forecast and an intraday analysis of GBP/USD for July 28-August 01, 2014

Weekly view - (July 28- August 01)

This image is no longer relevant

The cable is testing its fate near the short-term strong support 50DSma. The pair hit the 50 DSma and well managed to close above that. In today's session, as of now the pair is trading above the 50DSma successfully. The daily Stochastics looks an oversold. The weekly support level is at 1.6945, 1.6920, and 1.6880 (61.8fib level). A day close below the 50DSma, the short-term trend turns to negative towards 1.6880, 1.6860, 1.68 and 1.6690 levels. The pair is trading below the 1.70 mark, though the UK's economic data was strong enough, but the US data is stronger than the UK's. This week, traders are eyeing Friday's Manufacturing PMI data.

Support 1.6945 1.6920 1.6880

Resistance 1.70 1.7060 1.71

Intraday cmp 1.6978

This image is no longer relevant

In Asia's session the pair is trading at 1.3428, holding above the Friday low 1.3420. It is trading below the hourly moving average, which is a highly bearish part. The pair has been facing strong resistance at 35HrDema for 12 hours. The pair was rejected at 35HrDema at 1.70 levels, above this, it has resistance at 1.7013 and 1.7036 levels. We can see mild strength above 1.70 and strong, only above 1.7040 levels.

Resistance 1.70 1.7015 1.7040

Support 1.6950 1.6945 1.6920

Sellers will mint the money, until the cable trades below 1.7040. The hourly RSI is indicating mild positive divergence.

Risky traders buy between 1.6960-1.6940, sl 1.6920.

Sell below 1.6920 for targets at 1.6880, 1.6860 and 1.68.

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