empty
 
 
14.02.2014 02:02 AM
Daily analysis of GBP/USD for February 14, 2014

Daily chart: GBP/USD continues to rise above the support level of 1.6540, heading towards the resistance level of 1.6663. If the pair manages to break that level, it is expected to rise to the resistance level of 1.6851. On the other hand, it is expected to fall to the level of 1.6540 if the pair takes a bearish rebound to current levels. The MACD indicator remains in positive territory, so our bullish outlook remains alive.

This image is no longer relevant

H4 chart: GBP/USD is forming a bullish pattern above the support level of 1.6644, after the pair has managed to consolidate above the bullish trend line near the support level of 1.6592. If the pair manages to break the resistance level of 1.6667, it's expected to rise to the level of 1.6850. Moreover, if this pair does break the support level of 1.6644, it is expected to fall to the level of 1.6592. The MACD indicator is in the overbought zone.

This image is no longer relevant

H1 chart: This pair is consolidating above the point of control at the level of 1.6629, so it is very likely that this pair rise to the resistance level of 1.6700. If the pair manages to break that level, it is expected to rise to the level of 1.6750. Moreover, if this pair does break the support level of 1.6629, it is expected to fall to the level of 1.6578. The MACD indicator is in 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 1.6700, take profit is at 1.6750, and stop loss is at 1.6650.

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback