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  #1  
Old 14-04-2017, 13:31
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Default Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD has been trading sideways at the price of 1.2530. According to the 1H time frame, I found a broken broken upward trendline, which is a sign that buying looks risky. I found a hidden bearish divergence on the moving average oscilator, which is another sign of weakness. My advice is to watch for potetnial selling opportunities. The downward target is set at the price of 1.2375.

Trading recommendations for today:
watch for potential selling opportunities.




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  #2  
Old 07-07-2017, 20:16
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Analysis of wave counting:
In general, it is expected that during the yesterday's trading, the pair GBP / USD continued to develop an upward movement and it was able to work out the mark of 1,2980 in the middle of the day. The resulting wave situation allows us to assume that the currency pair remained in the stage of formation of the waves b, b, C, and (C); which can also take a much more complicated form. At the same time, it should be noted that there are no significant obstacles to the resumption of the growth of quotations and the confirmation by the currency pair of the beginning of the formation of the waves c, b, C, and (C).

General conclusions and trading recommendations:
The British currency completed the construction of the waves a, C, and (C). At the moment, the quotations are expected to decrease within the limits of waves b, b, C, and (C); with targets located near the marks of 1,2883 and 1,2784, which corresponds to 23.6% and 38.2% by Fibonacci. After the completion of this wave, it is possible to resume the increase in quotations within the waves c, b, C, and (C) with targets above 31 figures.




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  #3  
Old 21-07-2017, 17:22
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Analysis of wave counting:
In general, it is expected that during the yesterday's trading, the pair GBP / USD continued to develop a downward correction and stopped at the level of 1.2930 in the middle of the day. In this case, as a result of this decrease, the internal wave structure of the second wave, in the 3rd, 5th, 3rd, or C, took a completely completed form. If this is so, then practically from the minimum of the past day, the currency pair will resume the growth of quotations and thus signify the beginning of the third wave, in the 3rd, 5th, 3rd, or C.

General conclusions and trading recommendations:
The British currency has again undergone making adjustments to wave counting. At the moment, the quotations are expected to increase within wave 3, 5, 3 or C, with targets near the mark of 1.3148, which corresponds to 76.4% of Fibonacci, and above about 32 figures. Within the limits of the correctional wave 2, 3, 5, 3 or C, the quotations continue to move away from the reached maximum to the area of 30 and 29 figures.





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  #4  
Old 04-08-2017, 17:32
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

GBP/USD plummeted following BoE's decision to keep rates unchanged. The pair is now trading under pressure around the 200 SMA zone at H1 chart and it could provide some kind of dynamic support. However, as long as the bears keep active in the Sterling, one could expect another decline to test the 1.3058 level.

H1 chart's resistance levels: 1.3257 / 1.3364
H1 chart's support levels: 1.3129 / 1.3058
Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3257, take profit is at 1.3364 and stop loss is at 1.3154.




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  #5  
Old 10-08-2017, 23:54
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the EUR/USD has been trading sideways at the price of 1.3000. The price met our target at 1.2950 and then rejected. Anyway, according to the 30M time frame, I found a trading range between the price of 1.3015 (resistance) and the price of 1.2950 (support). Since the price is testing the resistance at the moment, my advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.2950 and 1.2900. The short - term trend is about to change from bullish to bearish.

Trading recommendations for today: watch for potential selling opportunities.




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  #6  
Old 11-08-2017, 14:45
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD has been sideways at the price of 1.2975. Anyway, according to the 30M time frame, I found that price is testing a supply trendline, which is a sign that buying looks risky. I also found a downward channel and my advice is to watch for potential selling opportuntiies. The downward targets are set at the price of 1.2950 and 1.2910. The short term trend is bearish.

Trading recommendations for today: watch for potential selling opportunities.




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  #7  
Old 18-08-2017, 17:55
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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 1.2875. Anyway, according to the 15M time frame, I found a fake breakout of resistance cluster and yesterday's high at 1.2910, which is a sign that buyers got trapped and sellers took control. The RSI oscilator showed a hidden bearish divergence, which is another sign that sellers are in control. My advice is to watch for potential selling opportuntiies. The downwards targets are set at 1.2845 and 1.2810.

Trading recommendations for today: watch for potential selling opportunities.




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  #8  
Old 25-08-2017, 13:15
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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 1.2840. Anyway, according to the 30M time frame, I found fake breakout of 2-day high and weakness in the background, which is a sign that buying looks risky. The weekly average 240SMA is also on the test. There is also an evening star formation, which is another bearish sign. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.2780.

Trading recommendations for today: watch for potential selling opportunities.




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  #9  
Old 01-09-2017, 10:11
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

The pair still remains in a corrective mode since August 29 and looks forward to testing the support level of 1.2842. Around that area, buyers could appear for a rebound that make a breakout of the latest swing high and if that happens, we expect the price to reach the resistance zone of 1.3013, which should also strengthen the bullish scenario.

H1 chart's resistance levels: 1.2958 / 1.3013
H1 chart's support levels: 1.2842 / 1.2761

Trading recommendations for today:
Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.2958, take profit is at 1.3013 and stop loss is at 1.2903.




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  #10  
Old 01-09-2017, 10:17
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Last week, the GBPUSD pair tested the monthly control zone of August at 1.2797-1.2746, which led to an increase in demand and the formation of a corrective movement towards the last drop in the exchange rate. By the end of this week, there was no formation of an upward reversal, while the probability of a return within the monthly short-term remains high.

Medium-term plan.
Today, the pair is in the process of forming a correctional model for the August fall. In order to resume the downfall, it is necessary to maintain the price at the current levels as the trading closes this week. In this case, the next target decline will be the NCI 1/2 1.2731-1.2715. In order for the growth to continue, it will be necessary to update the weekly maximum and consolidate above it. This will enable the growth of the weekly short-term peak 1.3142-1.3109.




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  #11  
Old 07-09-2017, 15:39
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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 1.3064. Anyway, the price was rejected to go back into a trading range, which is a sign that selling looks risky and that buyers are in control on the market. The short-term trend is bullish and my advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3100 and 1.3150.

Trading recommendations for today: watch for potential buying opportunities.




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  #12  
Old 15-09-2017, 17:51
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Analysis of wave counting:
During yesterday's European session, the GBP / USD pair started with a downward movement and having lost more than 140 pp from the high of the day, the 1.3185 benchmark closed before the close of US trading. At the same time, it can be assumed that, as a result of this price, the currency pair has been completed in the third, in the 5th, . If this is the case, then from the low of the past day, or slightly lower than the level of the 34th figure.

General conclusions and trading recommendations:
Wave counting has undergone some changes in connection with the breakdown of the level of 1.3270. The increase in prices may be with the targets near the estimated level of 1.3336, which corresponds to 300.0% of Fibonacci, and above, about 34 figures, within 3, at 5, at 5, at 3 (or C). Within the limits of the correction wave 4, the decline began with targets near the marks of 1,3168 and 1,3118, which corresponds to 38.2% and 50.0% of Fibonacci.




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  #13  
Old 15-09-2017, 18:03
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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 1.3337 in an ultra high volume. According to the 30M time frame, I found extension in an average true range and a fake breakout of yesterday's high at the price of 1.3329, which is a sign of weakness. My advice is to watch for potential selling opportunities. I placed Fibonacci retracement levels to find potential downward targets. I got FR 38.2% at the price of 1.3270, FR 50% at the price of 1.3250 and FR 61.8% at the price of 1.3225.

Trading recommendations for today: watch for potential selling opportunities.




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  #14  
Old 19-09-2017, 23:17
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.3468. Anyway, there is a support level at the price of 1.3465 and selling at this stage looks risky. There is also a bullish divergence on the moving average osiclator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3552 and 1.3610.

Resistance levels:
R1: 1.3526
R2: 1.3540
R3: 1.3554
Support levels:
S1: 1.3500
S2: 1.3485
S3: 1.3475




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  #15  
Old 22-09-2017, 01:01
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.3451 in an ultra high volume. According to the 30M time frame, I found a selling climax in the background and weak selling today, which is a sign that selling looks risky. I found a breakout of the overnight trading range, which is another sign of potential strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3530, 1.3555, and 1.3575. All targets are based on Fibonacci work.

Trading recommendations for today: watch for potential buying opportunities.




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  #16  
Old 22-09-2017, 15:05
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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 1.3570. Anyway, according to the 30M time frame, I found a fake breakout yesterday's high at the price of 1.3586, which is a sign that buying looks risky. There is a downward breakout of the Asia session's trading range, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3475 and 1.3455.

Trading recommendations for today: watch for potential selling opportunities.




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  #17  
Old 04-10-2017, 18:56
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.3287. Anyway, according to the 30M time- frame, I found a successful re-test of yesterday's high at the price of 1.3287. There is a hidden bearish divergence on the moving average oscilaotr, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3245 and 1.3220.

Trading recommendations for today: watch for potential selling opportunities.




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  #18  
Old 06-10-2017, 16:42
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.3061. According to the 15M time frame, I found a successful breakout of yesterday's low at the price of 1.3017. Most recently, I found a buying climax in the background, which is a sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3050 and 1.3000.

Trading recommendations for today: watch for potential selling opportunities.




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  #19  
Old 13-10-2017, 13:52
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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 spiked at the level of 1.3320. Anyway, according to the 15M time - frame, I found strong resistance at the prirce of 1.3320, which is a sign that buying at this stage looks risky. There is a hidden bearish divergence on the moving average osiclator, which is another sign of weakness. My advice is to watch for potential selling opportuntiies. Downward targets are set at the price of 1.3250 and 1.3240.

Trading recommendations for today: watch for potential selling opportunities.




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  #20  
Old 17-10-2017, 19:38
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Default Re: Daily technical analysis of GBP/USD By INSTAFOREX

Recently, the Silver has been trading downwards. As expected, the price tested the level of 1.3250. According to the 15M time - frame, I found bearish flag in creation and fake breakout of pivot point at 1.3260. I also found shoting star candle in the background, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3215 (S1) and at the price of 1.3175 (S2).

Trading recommendations for today:
watch for potential selling opportunities.




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