GBPUSD – Technical Analysis of Forex Pair on Weekly Time Frame

Looking at the weekly time frame, we can see that the supply level is compacted at the 1.626 price area. With current price at 1.6127, we have about 130 pips to the upside before we will meet some supply. On the downside, we have the nearest support at 1.594 price area and further down the

By |2017-01-01T13:01:14+08:00October 22nd, 2013|Categories: Daily Technical Strategy|Tags: , , |0 Comments

GBPUSD Daily TF Analysis

Hi traders! GBPUSD - Pair had moved up towards the 1.55 handle after the release of a set of bullish jobs data. on top of that, the UK Claimant Count Change is the data that moved this pair. The figure came in better than expected for July at -29.2k versus -15k. Also the unemployment rate

By |2015-04-29T11:02:37+08:00August 14th, 2013|Categories: Daily Technical Strategy, GBP Crosses|Tags: , |0 Comments

GBP/USD Technical Analysis 27th February 2013

Good day traders! Pound dollar bears have been winning the battle thus far. Negative news from UK and the recent downgrade on UK debt have seen the pair go lower. The fall have been steep and bounces and retracements are shallow. There is resistance at 1.5221 that needs to be overcome before more resistance can

EUR/USD still in a downtrend -27th Feb 2013

Good day traders! Euro dollar still in a down trend mode. From the chart, we can see that the pair is trying to go above TL2 after bouncing off TL1. Also take note that we have a trend line within a trend line situation with the smaller but steeper trend line named as sub-TL1 and