empty
 
 
03.03.2014 01:47 AM
Daily analysis of GBP/USD for March 03, 2013

Daily chart: GBP/USD opened this week with a bearish gap although the pair remains very strong in the current bullish bias. For this week, it is likely that this pair have to contend with the strong resistance level of 1.6766. If the pair manages to make a breakout at that level, it would be expected to rise to the level of 1.6851, which would strengthen the bullish trend. The MACD indicator is entering neutral territory.

This image is no longer relevant

H4 chart: This pair has found resistance at the bullish trend line near the 1.6760 level, so this week, the GPB/USD will try to consolidate above this level to go up to the resistance level of 1.6822. On the other hand, keep in mind that this pair has formed a fractal near the trend line. If the pair manages to make a breakout at the 1.6667 level, it's expected to fall to the level of 1.6644. The MACD indicator is in positive territory.

This image is no longer relevant

H1 chart: GBP/USD remains above the 200 SMA and the support level of 1.6700. Recall that this pair is making corrective movements to form a bullish pattern. If the pair manages to make a breakout at the resistance level of 1.6750, it's expected to rise to the psychological level of 1.6800. The MACD indicator is in the overbought zone and entering neutral 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.

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