empty
 
 
07.04.2014 01:01 AM
Daily analysis of GBP/USD for April 07, 2014

Daily chart: This pair continues to fall approaching the bullish trend line near the support level of 1.6540. If GBP/USD manages to make a breakout at that level, it would be expected to fall to the level of 1.6447. On the other hand, if this pair makes a bullish rebound at current levels, the bullish bias could be strengthened. The MACD indicator is entering negative territory.

This image is no longer relevant

H4 chart: The GBP/USD is consolidating below the resistance level of 1.6583, so it is very likely that this pair fall to the support level of 1.6516. If the pair manages to make a breakout on the resistance level of 1.6592, it's expected to rise to the level of 1.6644, which would be a bullish consolidation. The MACD indicator remains in negative territory.

This image is no longer relevant

H1 chart: This pair is still moving in low range below the 200 SMA. For now, the GBP/USD is trying to stay below the support level of 1.6578. If successful, it is expected to fall to the level of 1.6544. If the pair manages to make a breakout at that level, it would be expected to fall to the level of 1.6507. The MACD indicator is in neutral 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 1.6544, take profit is at 1.6507, and stop loss is at 1.6580.

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