Forex Trading – News and Strategy

GBP/USD Open 1.5468 High 1.5500 Low 1.5371 Close 1.5460

Pound/Dollar was trading hesitantly and with slight increase on Monday, in converse with the Interbank sentiment, at around -7%. The Cable appreciated yesterday from 1.5371 to 1.5500, closing the day at 1.5460. Today Sterling is correcting downwards, eating up yesterday’s gains. First resistance is yesterday’s top at 1.5500. Break above it should extend the bullish movement further towards 1.5580. The nearest support is yesterday’s bottom at 1.5371. Going bellow it may extend British Pound’s weakening further down towards next downward target 1.5221. Today is the UK CBI retail sales volume balance at 10 GMT. Quotes are moving bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The values of the RSI, MACD and CCI indicators are all negative and declining on the 1 hour chart, giving overall forex signals.
Trading resistance levels: 1.5500 1.5580 1.5700
Trading support levels: 1.5371 1.5221 1.5113

Trading range: 1.5420 – 1.5345
Trend: Downward

Forex Trading Strategy

Sell at 1.5408 Stop Loss 1.5438 Take Profit 1.5358

Already made +60 pips profit on GBP/USD today from the following forex signal:
7:20 GMT+1 Sell GBP/USD at 1.5436 Stop Loss 1.5462 Take Profit 1.5376 Take Profit teached 8:28 GMT+1.
Today so far +105, yesterday +127, as shown in details here.

Previour Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a trading signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a trading signal?

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EUR/USD Open 1.3404 High 1.3414 Low 1.3300 Close 1.3386

The Euro depreciated insignificantly on Monday. Euro/Dollar decreased from 1.3395 to 1.3300 yesterday, in line with the Interbank sentiment projection, at around -14%, closing the day at 1.3386. On the 1 hour chart the newly formed downward channel is now interrupted with strong upward adjustment. Break above the nearest resistance and today’s top at 1.3414 may lead to further recovery of the Euro. Going bellow yesterday’s bottom and first important support at 1.3300, however, should confirm continuation of the bearish trend, towards next target 1.3213. Today’s focus is on France and Italy Consumer confidence and France unemployment figures at 6:45, 7:30 and 16 GMT respectively. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The values of the RSI and MACD indicators are positive and calm, while CCI is positive and inclining upwards on the 1 hour chart, giving overall long forex signals.
Trading resistance levels: 1.3414 1.3525 1.3665
Trading support levels: 1.3300 1.3213 1.3115

Trading range: 1.3360 – 1.3425
Trend: Upward

Forex Trading Strategy

Buy at 1.3373 Stop Loss 1.3343 Take Profit 1.3413

Yesterday we made +39 pips profit on EUR/USD from the following forex signal:
5:42 GMT+1 Buy EUR/USD at 1.3358 Stop Loss 1.3332 Take Profit 1.3408 exit at 8:01 GMT+1.
Total yesterday +127, as shown in details here.

Previour Analysis can be found HERE.

Don’t miss out! Subscribe today!

Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a trading signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a trading signal?

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