Forex Quebec

Sat05192012

Last update01:17:20 PM

Headlines:

Back Technical Technical Analysis GBP/USD GBP/USD Intraday Technical analysis 2012-02-22
Wednesday, 22 February 2012 09:10

GBP/USD Intraday Technical analysis 2012-02-22

Rate this item
(0 votes)

 

The spot rate is currently testing the intermediate support of its medium term bearish channel in 1.5760 suggesting a rebound. However a break of these levels would entail a decline to the lower limit of this one to 1.6530.

Technical indicators do not provide clears signals but until that the support is not broken the assumption of a rebound is most likely. Bollinger bands are much discarded to a result of the strong increase of these days. Stabilization is expected in the short term.

According to previous events, the market indicates a bullish opportunity on the levels of 1.5760 with a 1st objective of 1.5820, then 1.5850. A break in 1.5740 would invalidate this scenario.

 

Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2012

Read 64 times
Published in GBP/USD
Tagged under
Social sharing
publisher

publisher

Latest from publisher

Related items (by tag)

More in this category: « GBP/USD remain below 1.5913 2012-02-22 GBP/USD Intraday Technical Analysis Trading Recommendations February 23, 2012 »

Leave a comment

Make sure you enter the (*) required information where indicated.
Basic HTML code is allowed.

back to top
Advertize here

Forex Quebec Site Map

 

Broker reviews

Dukascopy Swiss Forex Bank

ECN Spot Forex Liquidity

The huge growth of one-click Forex ECN liquidity ensures the position of Swiss Forex Bank & Marketplace as a market leader of Forex liquidity providers on the professional Currency Exchange Market.

Dukascopy - Swiss Forex Bank & Marketplace's business model derives its success from the top quality institutional Forex facilities in combination with financial stability. Learn more


Dukascopy Bank

RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

Warning of risks and responsibilities: Forex Quebec or every person having a link with Forex Quebec will accept no responsibility for any losses related to the speculation or any damage related to the confidence on the information contained on this site, or quite other site belonging to Forex Quebec or his owners. The information, the data, the quotations, the indications, the graphs and the signals of purchase and sale of the forex currencies marcket are published only in title area codes and can not be exact and can differ from the real price of the market and are not thus convenient for purposes of trading. Please be completely informed about the risks and the costs related to trading on financial markets and Forex Quebec will assume no responsibility for the losses related forex to trading which you could incur because of the use of these data.

Copyright © 2012 Forex Quebec. All Rights Reserved.