Trading Signal Reviews, Browse Reviews of Trading Signals and Choose From Our Trade Leaders.

Signal Marketing

Pay Per Signal (PPS) Management

Conversion Rate Optimization

Signal Analysis

Online Presence

Fell Free To contact Us
Our Market Experts Are Here To Help

Coming Soon

info@tradingsignalreviews.com

London, United Kingdom

info@tradingsignalreviews.com

Covent Garden, WC2H 9JQ, London.

Top

Forex Market Analysis and Trading Tips 18th August 2016

chart-18-forex

Forex Market Analysis and Trading Tips 18th August 2016

chart-18-forex

 

SUMMARY:
The GBPUSD pair bounced slightly during the course of the day on Wednesday, using the 1.3025 level as support. At this point in time, the market is looking bullish. The primary trend of GBPUSD is bullish on charts and price is trading below its Resistance trend line in its 1 hourly chart. In its daily chart the price is sustaining above 50 day SMA that are appears on the above image indicating uptrend of the pair. It is having an important resistance at the level of 1.3088 Support at the level of 1.3025. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming positive trend in the pair.

STRATEGY:
GBPUSD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

Share
No Comments

Sorry, the comment form is closed at this time.