empty
 
 
05.03.2014 01:52 AM
Daily analysis of GBP/USD for March 05, 2014

Daily chart: GBP/USD remains above the support level of 1.6663, so this pair remains steadfast in the bullish bias. However, if the pair manages to make a breakout at that level, it would be expected to fall to the level of 1.6540. On the other hand, if this pair makes a bullish rebound at this support level and forms a fractal, it's expected to rise to the resistance level of 1.6766 that would be a bullish consolidation. The MACD indicator is still in negative territory.

This image is no longer relevant

H4 chart: This pair has formed a fractal below the support level of 1.6644, so it is very likely that the GBPUSD follow conducting bullish movements. If the pair manages to hold above the 1.6667 level, it's expected to rise to the level of 1.6765. On the other hand, if the pair manages to make a breakout at the support level of 1.6644, it's expected to fall to the level of 1.6592. The MACD indicator is in negative territory.

This image is no longer relevant

H1 chart: The GBP/USD is finding support on the point of control near the level of 1.6660 and 200 SMA. If the pair manages to make a breakout at the resistance level of 1.6700, it's expected to rise to the level of 1.6750. On the other hand, keep in mind that the GBP/USD stays below the 200-day moving average, so we must be careful when placing buy orders below that level.

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.

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 $1000 más!
    ¡En Junio, sorteamos $1000 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
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 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