empty
 
 
13.03.2014 03:38 AM
Daily analysis of GBP/USD for March 13, 2014

Daily chart: The GBP/USD continues to fall in the current bullish bias as this pair stays below the 1.6663 level; therefore, the GBP/USD is forming a bearish pattern. If the pair manages to make a breakout at the 1.6590 level, it's expected to fall to the support level of 1.6540. On the other hand, it is expected to rise to the level of 1.6663 if the pair takes a bullish rebound to current levels. The MACD indicator is still in negative territory.

This image is no longer relevant

H4 chart: The GBP/USD remains above the 200 SMA, and a few hours ago, the pair formed a fractal below the support level of 1.6583. If this pair takes a bullish rebound at current levels, it is expected to rise to the resistance level of 1.6644. On the other hand, if the pair manages to make a breakout at the 1.6583 level, it's expected to fall to the level of 1.6550. The MACD indicator is oversold.

This image is no longer relevant

H1 chart: This pair made a bullish rebound above the support level of 1.6578 and now this pair is trying to make a breakout at the resistance level of 1.6629. If successful, it is expected to rise to the level of 1.6700. On the other hand, if the pair manages to make a breakout at the support level of 1.6578, it's expected to fall to the level of 1.6544. 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 1.6578, take profit is at 1.6544, and stop loss is at 1.6611.

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