empty
 
 
05.05.2014 01:51 AM
Daily analysis of GBP/USD for May 05, 2014

Daily chart: The pair tried to make a breakout at the support level of 1.6850, but the GBP/USD remains stable in the current bullish bias. For now, more bullish movements above this support level would be expected, so it is advisable to follow the bullish trend. The GBP/USD is forming a lower high pattern and the MACD indicator is in positive territory.

This image is no longer relevant

H4 chart: The GBP/USD fell to the support level of 1.6841, where the pair made a bullish rebound. Now this pair is trying to find support in the bullish trend line. If successful and it makes a breakout at the resistance level of 1.6900, it's expected to rise to the level of 1.7000. The MACD indicator is in negative territory.

This image is no longer relevant

H1 chart: The GBP/USD has made a bullish rebound at 200 SMA, where the point of control is located, and now this pair is consolidating above the support level of 1.6850. However, if the pair manages to make a breakout at that level, it would be expected to fall to the level of 1.6800. On the other hand, if the GBP/USD manages to make a breakout at the resistance level of 1.6900, it's expected to rise to the level of 1.6950. The MACD indicator is in positive 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 1.6900, take profit is at 1.6950, and stop loss is at 1.6850.

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