last week, we wrote “Nevertheless, and if the beginning of the week, we may stay in limbo, the area of 5420/5380 will act as intermediate supports. And as long as we remain above these levels, we are buyer for 5680/5720 and 1.60 for the first quarter of 2012 “and finally the parity has listened to return to 5720 and finish at the end of Friday night in 5727.
The pound has taken the bull by the horns this week coming out of the lowlands where it had stuck to return to the range that we identified between 5420 and 5720. At the same time and crossed the line of bearish, she meant that “for now”, the fall was over.
Continue reading Forex Technical Analysis and Forecast GBP-USD for the week of Jan 29 to Feb 30
In last week we were optimistic for a drop to 1.50 and we wrote “Sellers will get back on 5380/5420 and as long as one does not pass over these points, the trend remains bearish. The stoploss is above 5430 for the sellers’ and finally after consolidating above 5280, parity has returned to finish 5420 at the end of 5578.
The pound Sterling with optimism following the disappointments of the European currency since after all the good news last week, the English currency is pressed upward by crossing 5420 and thus return to the 5420/5720 range. Range we had left earlier in the financial deterioration of France.
Continue reading Forex Technical Analysis and Forecast GBP-USD for the week of January 23 to 27
Last week, we wrote “F IGURE, the daily macd is still in a consolidation, you also enjoy. We are on the lower range and if the parity is able to take test then it return 5680/5720. To do this we will stoploss of between 5345 and 5355. On the upside, we should be able to come back to 5480/5520 and 5580/5680 and 5720. Help of these points for you to set goals “and finally we have continued to consolidate between 5380 and 5720 to finish at the end of 5426.
The situation in Europe weighed on the pound but more than that, it is also possible that the situation in the Strait of Hormuz and fears of a serious incident between the E- U and Iran pushed oil to rise and the dollar. As a result, the cable has gone the way of all parities with the dollar up one it.
Continue reading Forex Technical Analysis and Forecast GBP- USD for the week of January 9 to 13
End of the year difficult for parity like the Eurodollar since we are back in the last week of December 2011 1.5380/70, the area of media to rebound and finish at 5545.
It seems that the difficulties of the euro combined with weak growth in Europe catches up Britain is hardly better off than the economies of the continent. In addition, the fact that Brazil is passed to the classification of England industrialized countries and good economic figures U.S. also helped the dollar at the end of the year to enjoy it.
However, we know that it is best not too look back, the year 2011 is over. Starting January 1, traders call the counters. Also, the current weakness of the pound is strerling may be only temporary. Thus, and as we stay in- above the zone of 5380/5420, parity may well go back to 5720 due north, the upper range 1.60 see later.
Continue reading Forex Technical Analysis and Forecast GBP- USD for the week of January 2 to 6,2012
The currency pair GBP / USD yesterday reported a significant momentum bullish on the area of breaking resistance and reaching 1.5550 1.5699. This makes my intraday bearish forecast has failed and so I switched to short-term upside towards 1.5778 – 1.5800 and the trendline whose reference level can be located now around 1.5900.
A medioi within my forecast for GBP / USD is neutral even while the price remains under the resistance which represents the trend line will be in bearish mode medium-long term, so bear that began with the fall of the wire from 1.6616 in in August.
Continue reading The GBP / USD corrected upward New
Euro decreased by good last week, but now is the question of whether the decline continued. The question is really very relevant, because the euro has almost reached a significant level of support that I have not written because I did not expect to decrease below 1.30 as early as this week. These are the levels of 1.2870 – 1.2850, if next week’s levels will not be punched down, and vice versa, that range from Euro draw a reversal, then we can take a good medium-term position and hold it until the end of the rollback.
If a rollback is still held, the first goal will be slightly higher than 1.32. At the same time, we can not exclude the situation that the market needed something a while to stand still. If you continue to range trade, the more likely we’ll see a corridor with the upper limit of 1.3050 – 1.3060 1.2950 bottom and, you know, it is safer shorts from the upper boundary, as We are still in a bearish trend.
Continue reading Forecast for the week. Will there be a rebound in euro / dollar?
The last week, we wrote “Although the daily MACD is bullish, it is quite fragile and a return in 5580/70 could be the trigger down for a return of 1.55 and 5420.” And we have arranged between 5420 and 5650 to finish at 5442 on Friday night.
The daily MACD is still in consolidation and as the euro, it will have to wait to pass a range of points between 5720/80 and 5420 to find a new trend.
Continue reading Forex Technical Analysis and Forecast GBP- USD for the week of December 19 to 23
Friends, hello all. I’m not going back to the old system of forecasting the market for a week on major currency pairs + runs, but only briefly tell about what I see now on the market. Thus, despite the fact that the situation has changed, and on Friday we saw the rise, I’m still on next week, mainly going to watch shorts. There are several reasons:
Continue reading Forecast for the week Dec 12-16 on the foreign exchange market
T he last week, we wrote “The daily macd could turn upward if the parity was ironed-in above 5780, but it did not take. However, even if the daily macd is still bearish, it seems that we remain in consolidation between 5420 and 5780 taking into au- above 5370 “and we have arranged between 5580 and 5730 to finish at 5666 on Friday night.
The daily MACD is in a consolidation and as the euro, it will have to wait to pass a range of points between 5720/80 and 5550 to find a new trend.
Although the daily MACD is bullish, it is quite fragile and a return in 5580/70 could be the trigger down for a return of 1.55 and 5420.
Instead a passage above 5720/80 could have us return to 1.60.
Continue reading Forex Technical Analysis and Forecast GBP- USD for the week of December 12 to 16
L had last week, we wrote ” If one-to above 5420/30 or 5380 then a rise in 5580 is quite possible. “and again, the intervention of the bank on November 30 has pushed for parity in 5780 5420 to finally finish the week at 5590.
December is always a month of high volatility. We were served last week and of course what goes up eventually fall. We must also say that last week, Britain was experiencing its largest demonstration of public servant since the Thatcher era, indicating that financial and political difficulties weighing on the pound Sterling. We would have liked it to last a little more because it would have given us a real trend of year-end.
Continue reading Forex Technical Analysis and Forecast GBP- USD for the week of December 5 to 9