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  #21  
Old 20-10-2017, 13:50
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD has been trading sideways at the price of 1.3180. According to the 15M time - frame, I found that shooting star candle and few doji candles near the pivot level at the price of 1.3170, which is a sign that buying looks risky. The stochastic oscillator is in overbought zone, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3115 (S1) and 1.3085 (S2).

Trading recommendations for today:
watch for potential selling opportunities.




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  #22  
Old 20-10-2017, 14:06
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Analysis of wave counting:
With the opening of yesterday's trading, the pair GBP / USD made an attempt to resume the downward movement and has already "slid" to the area of 1.3130 by the beginning of the European session. At the same time, it seems that the currency pair still remained in the stage of formation of the first generating waves in the future wave c, in the 4th. If this is the case, the currency pair retains the potential to further lower the quotations in the direction of the level of the 30th figure, corresponding to the first calculated goals of this wave c, in the 4th.

General conclusions and trading recommendations:
The downward wave 4 continues to build in the upward trend section. It is now possible to continue the decline of quotations with targets near the calculated marks of 1.3065 and 1.2882, which corresponds to 38.2% and 50.0% of Fibonacci, within the limits of wave c, 4. The correction wave b, 4, presumably, is completed.




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  #23  
Old 27-10-2017, 19:45
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Analysis of wave counting:
Without testing the level of the 33rd figure, at the beginning of yesterday's European session, the GBP / USD pair resumed the decline of quotes, having lost more than 110 pp and worked the mark of 1.3150 at the end of the day. At the same time, it can be assumed that the currency pair remained in the formative stage of an incomplete horizontal correction of the internal wave structure of wave b, 4th. If this is so, then the completion of this wave b, 4th, will lead to the resumption of the development of the downward movement, which in turn, will designate the beginning of the future wave c, 4th.

General conclusions and trading recommendations:
The downward wave 4 continues to build in the upward trend section. It is now possible to reduce quotations with targets near the estimated levels of 1.3065 and 1.2882, which corresponds to 38.2% and 50.0% of Fibonacci, within the wave d, b, 4. Within the proposed wave e, b, 4, it is possible to raise with targets, located near the mark of 1.3291, which is equal to 23.6% of Fibonacci.




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  #24  
Old 02-11-2017, 04:17
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD has been upwards. The price tested the level of 1.3320 in an ultra high volume. Anyway, according to the 15M time - frame, I found a strong sign of weakness and rejection from pivot resistance 1 at the price of 1.3315, which may leady GBP/USD lower. There is also divergence on the stochastic oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. Downward targets are set at the price of 1.3220 (Support 1) and at the price of 1.3160 (support 2).

Trading recommendations for today:
watch for potential selling opportunities.




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  #25  
Old 07-11-2017, 12:52
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3177. Anyway, according to the 15M time - frame, I found a broken upward channel and potential double top formation, which is a sign that buying looks risky. There is also a hidden bearish divergence on the MACD oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3096 (pivot support 1) and at the price of 1.3055 (swing low).

Trading recommendations for today: watch for potential selling opportunities.




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  #26  
Old 09-11-2017, 23:56
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Analysis of wave counting:
Yesterday's GBP/USD trades began with a downward movement and, losing about 90 pp, fell to 1.3085 in the afternoon. The resulting wave situation makes it possible assume that the currency pair remained in the stage of formation of the first generating waves in the composition of the third wave, in c, in the 4th wave. If this is the case, wave b, in the 4th, still does not take the form of an even more extensive horizontal correction, thus the currency pair will continue to decline quotations in the direction of the level of the 30th figure.

General conclusions and trading recommendations:
The construction of the downward wave 4 in the upward trend section continues. Now it is possible to lower quotes within targets near the estimated level of 1.2882, which corresponds to 50.0% of Fibonacci, within wave 3, in c, in 4. Wave b, in 4 supposedly completed its construction near the level of 1.3291, which corresponds to 23.6% of Fibonacci.




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  #27  
Old 10-11-2017, 12:54
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Analysis of wave counting:
Rebounding from the 1.3085 mark, in the middle of yesterday's trading, the GBP/USD pair continued to develop the upward movement and, before the close of the American session, was able to add about 80 pp in price. At the same time, it is possible to assume that the currency pair is still in the stage of formation, which significantly complicated its wave structure of the second wave, in the c, in the 4th. If this is the case, wave b, in the 4th, still does not take the form of a more extended horizontal correction, testing the level of the 32nd figure can lead to a price turn in favor of the dollar, which in turn will mark the beginning of the third wave, in c , in the 4th.

General conclusions and trading recommendations:
The construction of the downward wave 4 in the upward trend section continues. Now it is possible to lower quotes with targets near the estimated level of 1.2882, which corresponds to 50.0% of Fibonacci, within wave 3, in c, in 4. Wave b, in 4 supposedly completed its construction near the level of 1.3291, which corresponds to 23.6% of Fibonacci. Within the framework of the correction wave 2, in c, in 4, the pair continues to rise.




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  #28  
Old 14-11-2017, 19:51
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD has been trading sideways at the price of 1.3104. According to the 15M time frame, I found that price is trading below the pivot level (1.3119), which is a sign that sellers are in control. I also found the successful rejection of supply trendline, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3060 and at the price of 1.3000.

Trading recommendations for today: watch for potential selling opportunities.




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  #29  
Old 24-11-2017, 01:33
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD part has been trading upwards. As I expected, the price tested the level of 1.3337. According to the 30M time - frame, I found a successful test of pivot level at the price of 1.3288, which is a sign that selling looks risky. I also found oversold conditions on the stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3363 (pivot resistance 1) and the price of 1.3400 (pivot resistance 2).

Trading recommendations for today: watch for potential buying opportunities.




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  #30  
Old 24-11-2017, 14:01
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD has been trading upwards. The price tested the level of 1.3331. According to the 15M time - frame, I found that price broke falling wedge, which is a sign that buyers are in control. I also found an oversold stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3335 (pivot resistance 1) and at the price of 1.3362.

Trading recommendations for today: watch for potential buying opportunities.




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  #31  
Old 01-12-2017, 17:20
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, GBP/USD is trading downwards. The price tested the level of 1.3456. Anyway, according to the 15M time frame, I found a hidden bullish divergence on the stochastic oscillator in creation, which is a sign that selling looks risky. I also found a strong pinbar in the background, which sugests strength. My advice is to watch for potential buying opportunities. Upward targets are set at the price of 1.3510 and at the price of 1.3540.

Trading recommendations for today: watch for potential buying opportunities.




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  #32  
Old 07-12-2017, 22:18
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, GBP/USD has been trading downwards. The price tested the level of 1.3319. Anyway, according to the 1H timeframe, I found a strong rejection from the lower diagonal of the downward channel, which is a sign that selling looks risky. I also found a hidden bullish divergence on the moving average oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3422 and 1.3540.

Trading recommendations for today:
watch for potential buying opportunities.




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  #33  
Old 08-12-2017, 18:33
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3403. According to the 30M time frame, I found that price broke the pivot level at 1.3426, which is a sign that sellers are in control. I also found a broken upward trendline in the background, which is another sign of weakness. My advice is to watch for potetnial selling opportunities. The downward targets are set at the price of 1.3370 (pivot support 1) and at the price of 1.3260 (pivot support 2).

Trading recommendations for today: watch for potential selling opportunities.




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  #34  
Old 14-12-2017, 16:50
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD pair has been trading sideways at the price of 1.3350. According to the 15M time frame, I found successful rejection from the pivot resistance 1 at the price of 1.3365. I also found a simmetrical triangle in creation together with hidden bearish divergence on the stochastic oscillator, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3303, 1.3287 and at the price of 1.3255.

Trading recommendations for today:
watch for potential selling opportunities.




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  #35  
Old 19-12-2017, 20:13
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD pair has been trading sideways at the price of 1.3372. According to the 15M time - frame, I found a broken intraday bearish flag in the background, which is a sign that buying looks risky. I also found overbought conditions on the stochastic oscillator. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3320 (pivot support 1) and at the price of 1.3255 (pivot support 2).

Trading recommendations for today: watch for potential selling opportunities.




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  #36  
Old 22-12-2017, 15:41
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3339. According to the 4H time frame, I found a broken upward trendline and descending triangle in creation, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The first downward target is set at the price of 1.1305. Anyway, if the price breaks the level of 1.1300, it will confirm a potential larger downward movement (descending triangle confirrmation). In that case the downward target will be set at the price of 1.3070.

Trading recommendations for today:
watch for potential selling opportunities.




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  #37  
Old 29-12-2017, 18:30
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3528. According to the 4H time frame, I found that the symmetrical tiangle is broken and that selling looks risky. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3550 and at the price of 1.3690 (pattern projection).

Trading recommendations for today: watch for potential buying opportunities.




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  #38  
Old 02-01-2018, 18:34
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3566 . According to the 30M time frame, I found a breakout of the previous high at the price of 1.3543, which is a sign that selling looks risky. The trend is bullish and my advice is to watch for potential buying opportunities. I have placed Fibonacci expansion to find potential upward targets. I got FE 61.8% at the price of 1.3582 and FE 100% at price of 1.3610.

Trading recommendations for today:
watch for potential buying opportunities.




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  #39  
Old 05-01-2018, 20:01
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the EUR/USD pair has been trading sideways at the price of 1.2050. According to the 30M time frame, I found an oversold stochastic oscillator, which is a sign that selling looks risky. The short-term trend is still bullish. I also found a supply trendline in the background, and my advice is to watch for potential bullish breakout to confirm further upward price. The upward targets are set at the price of 1.2100 (pivot resistance 1) and at the price of 1.2137 (pivot resistance 2).

Trading recommendations for today: watch for potential buying opportunities.




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  #40  
Old 10-01-2018, 04:50
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3513. Anyway, according to the 30M time frame, I found a fake breakout of yesterday's low at the price of 1.3523, which is a sign that selling looks risky. I also found a piercing pattern, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at 1.3555 and 1.3580.

Trading recommendations for today: watch for potential buying opportunities.




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