日本語
Español
中文
- New York 17:28
- London 22:28
- Barcelona 23:28
- Tokyo 07:28
- Sydney 09:28
Chart of the Day
0
0
Chart of the Day − GBP/USD
Wed, Oct 15 2008, 16:00 GMT
by James Chen
(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; horizontal support/resistance levels in yellow; Fibonacci retracement levels in grey; 50-period simple moving average in light blue.)
10/15/2008 – GBP/USD – Price action on the GBP/USD daily chart, as shown, has been making what could be considered an upside correction or retracement after hitting a 5-year low late last week. This retracement has stalled just shy of reaching a key 50% Fibonacci retracement level that corresponds with a prior support/resistance level around the 1.7750 region. If there is any continued upside momentum on this correction, that 1.7750 region should serve as strong resistance to the upside. Indeed, oscillators like the displayed Stochastics are giving hints that overall momentum may potentially be to the upside, as they are just emerging from oversold. At the same time, though, price action in the last couple of days has been indicating that this pair is having a hard time making any sustained up moves. A failure in the current upward correction would thus be confirmed on a clean breakdown of the most recent uptrend support line (in green, currently in the 1.7250 region). In this event, further support to the downside resides around the 1.7050 region.
* Visit my forex tips and techniques blog here: http://fxpath.fxstreet.com *
IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by FX Solutions, LLC., and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors.
Published on Wed, Oct 15 2008, 16:02 GMT
Archive
- Chart of the Day – Gold
Published On Wed, Nov 4 2009, 16:31 GMT - Chart of the Day – EUR/USD
Published On Tue, Nov 3 2009, 16:05 GMT - Chart of the Day – AUD/USD
Published On Mon, Nov 2 2009, 15:50 GMT - Chart of the Day – EUR/USD
Published On Thu, Oct 29 2009, 14:35 GMT - Chart of the Day – AUD/USD
Published On Wed, Oct 28 2009, 14:29 GMT
FX Solutions, LLC
| Saddle River Executive Centre 1 Route 17 South, Suite 260 Saddle River, New Jersey 07458
http://www.fxsolutions.com | info@fxsol.com
Legal disclaimer and risk disclosure
FX Solutions, L.L.C.® assumes no responsibility for errors, inaccuracies or omissions in these materials. FX Solutions, L.L.C.® does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. FX Solutions, L.L.C.® shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials.Related reports
Daily Currencies Report - Equity Markets Soar on Friday by UFX Bank
Sun, Nov 8 2009, 08:16 GMT
FX View - Headline unemployment rate creates dollar shocker by Interactive Brokers LLC
Fri, Nov 6 2009, 18:41 GMT
Forex Daily Overview - USD mixed, unemployment rises to 10.2% by Easy Forex
Fri, Nov 6 2009, 18:31 GMT
Forex Daily Analysis - USDJPY is moving towards support level at 89.55 by Investija.com
Fri, Nov 6 2009, 14:35 GMT
Forex Technical Report - U.S. Markets Brace for Jobs Data by ForexHound.com
Fri, Nov 6 2009, 13:29 GMT
Related content
CURRENCIES: Dollar Dips Vs. Yen As Jobs Data Have Fed On Hold
Dow Jones | Fri, Nov 6 2009, 22:14 GMT
Forex: GBP/USD: Cable hovering around 1.6600
FXstreet.com | Fri, Nov 6 2009, 20:34 GMT
CURRENCIES: Dollar Dips Vs Yen As Jobs Data Has Fed On Hold
Dow Jones | Fri, Nov 6 2009, 20:25 GMT
CURRENCIES: Dollar Index Dips After Job Data Keeps Fed On Hold
Dow Jones | Fri, Nov 6 2009, 17:36 GMT
Forex: GBP/USD fails to hold above 1.6600
FXstreet.com | Fri, Nov 6 2009, 16:29 GMT
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.