Showing posts with label GBPUSD. Show all posts
Showing posts with label GBPUSD. Show all posts

GBPUSD Medium Term Forecast - 10th October, 2014

GBPUSD Medium Term Forecast - 10th October, 2014

Targets @ 1.58 - 1.57 approx...?


Weekly Chart


  • Will be interested to see how the week ends and where the candle will close (below or above the trendline / triangle we had on the weekly)

Daily Chart

  • Yesterday's daily candle is a good signal for continuation
  • Next support comes in at 1.585 where we might get a bounce
  • If prices break this level, then the next support will be a strong one where it meets the mid point of 2013 as well as two strong fib levels of 161.8 fib, and 61.8 fib
- note the black lines are support and resistance lines identified using a line chart

Outlook Trade opportunity

Short preferred till next support at 1.585

Risk Level __


Tips -

Always take note of any economical news event on our provided calender below



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GBPUSD Forecast and Trade Setup for the week ending 29th August, 2014

GBPUSD Forecast and Trade Setup for the week ending 29th August, 2014


Weekly Chart



  • Still very bearish with No signs of reversal or pause yet

Daily Chart




  • As identified previous weeks, of the potential cypher pattern, we are at the PRZ zone, however it is to note that its nearest resistant is quite strong especially with the huge downtrend
    • Correct stops should be in place below the X (below the weekly S2)
  • Lower Lows in price but RSI is not showing the same, (Positive Divergence)
    • Could play the break of trendline on RSI
  • Last week Broke support so need to be cautious

Hourly Chart


  • Monday morning gaped down while on the 4HR chart at the really bottom of the support zone on my chart.
  • 1st 4Hr candle is bullish to me,

Outlook Trade opportunity

While looking through my charts, I noticed that the DXY Dollar Index has reached a supply and demand zone and reacted from there, therefore it gives a long trade opportunity for the pound dollar for a intraday move and perhaps a longer hold trade (as per the Cypher on daily)

Risk Level - LOW


Tips -

Always take note of any economical news event on our provided calender below



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GBPUSD Forecast and Trade Setup for the week ending 15th August, 2014

GBPUSD Forecast and Trade Setup for the week ending 15th August, 2014


Weekly Chart




  • Trading Below the Kijun-sen after rejecting from weekly resistance zone


  • Clouds indicating a bullish forecast still



Daily Chart


  • Broke Clouds and Bearish Cloud outlook 
  • RSI is trading below 50 
  • Stochastic is in oversold and still pointing south
  • We are approaching support and fib levels, however my bias is that it could not hold, due to the very strong momentum 
  • We also broke the wedge trendline








  • Bullish Cypher pattern is identified (PRZ Zone could be wider than usual)
    • At fib 78.6 and 127.6
    • 200SMA (not shown on chart)
    • Ascending Trendline as shown on the chart previous

Outlook Trade opportunity

Note We have Wednesdays Carney's speech and Fridays GDP from the UK,


At this stage, only interested in taking short positions from resistance however, some minor retrace is anticipated early in the week. Only till when price reaches my PRZ / BUY zone that i shall look for signals to go long

Risk Level .... n/a


Tips -

Always take note of any economical news event on our provided calender below




إقرأ المزيد Résuméabuiyad

GBPUSD Forecast and Trade Setup - 1st August, 2014

GBPUSD Forecast and Trade Setup - 1st August, 2014


Monthly Chart


  • July Monthly Candle had a negative reaction as it approached major resistance.

Daily Chart



  • Very negative run, with continuous selling for over two weeks without a green candle.
  • Next support which i would be interested to bottom pick is highlighted
    • Previous breakout zone and a 61.8 and 88.6 fib
    • should wait for a reversal candle formation on daily before considering a long trade






Outlook Trade opportunity

Wait for the market to play out now - however will be on the watch

Risk Level __


Tips -

Always take note of any economical news event on our provided calender below



إقرأ المزيد Résuméabuiyad

List of All Forex Currency Pairs According to Major Pairs, Exotic Pairs, & Precious Metals


This article presents a full list of Forex Currency Pairs according to Major Pairs, Exotic Pairs, Precious Metals, and Correlated Pairs.

100% BonusForex Currency Pairs are the integral instruments being traded in Forex. They are also called securities. In Forex unlike Stocks and Commodities, the security or trading instruments are paired in a BUY/SELL or SELL/BUY pattern. For example the Forex currency pair EURUSD technically would mean buy the Euro and Sell the Dollar or Sell the EUR and Buy the Dollar. Profits are made when the EUR for example is bought at 1.4500 dollars and later sold at 2.4950 dollars (i.e. Buy EURUSD at $1.4500 and later Sell when EUR is $2.4950) This is where the slogan "Buy LOW and Sell HIGH" comes in.

A lot of traders often do not know the Forex Currency Pairs involved in Forex. Most traders would have been more successful if only they had diversified their strategies to include other currency pairs. This is the reason why we are presenting an entire list of Forex Currency Pairs  categorized according to Major Pairs, Exotic Pairs, Precious Metals, and Correlated Pairs.


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This article does not reveal other details such as swaps, spreads, or currency pip range. Those are broker specifics and they are dynamic in nature. 
We will be glad if you participate in our poll stating your choice of currency pair at the end of this article.


FOREX CURRENCY PAIRS


1. ALL Forex Currency Pairs (ordered alphabetically)




S/NFX PAIRSYMBOL
1 AUDCAD - Australian Dollar/Canadian Dollar /
2AUDCHF - Australian Dollar/Swiss Franc /
3 AUDJPY – Australian Dollar/Japanese Yen /
4 AUDNZD – Australian Dollar/New Zealand Dollar /
5 AUDUSD – Australian Dollar/US Dollar /
6 CADCHF – Canadian Dollar/Swiss Franc /
7 CADJPY – Canadian Dollar/Japanese Yen /
8 CHFJPY – Swiss Franc/Japanese Yen /
9 EURAUD – Euro/Australian Dollar /
10 EURCAD – Euro/Canadian Dollar /
11 EURCHF – Euro/Swiss Franc /
12 EURDKK – Euro/Danish Krone /
13 EURGBP – Euro/Great Britain Pound /
14 EURHUF – Euro/Hungarian Forint /
15EURJPY – Euro/Japanese Yen /
16EURNZD – Euro/New Zealand Dollar /
17 EURPLN – Euro/Polish Zloty /
18 EURUSD – Euro/US Dollar /
19 GBPAUD – Great Britain Pound/Australian Dollar /
20 GBPCAD – Great Britain Pound/Canadian Dollar /
21GBPCHF – Great Britain Pound/Swiss Franc /
22GBPJPY – Great Britain Pound/Japanese Yen /
23GBPNZD – Great Britain Pound/Australian Dollar /
24GBPUSD – Great Britain Pound/US Dollar /
25NZDCAD – New Zealand Dollar/Canadian Dollar /
26NZDCHF – New Zealand Dollar/Swiss Franc /
27NZDJPY – New Zealand Dollar/Japanese Yen /
28NZDUSD – New Zealand Dollar/US Dollar /
29USDCAD – US Dollar/Canadian Dollar /
30USDCHF – US Dollar/Swiss Franc /
31USDDKK – US Dollar/Danish Kronor /
32USDHKD – US Dollar/Hong Kong Dollar /
33USDHUF – US Dollar/Hungarian Forint /
34USDJPY – US Dollar/Japanese Yen /
35USDNOK – US Dollar/Norwegian Kronor /
36USDPLN – US Dollar/Polish Zloty /
37USDRON – US Dollar/Romanian Lei /
38USDSEK – US Dollar/Swedish Kronor /
39USDSGD – US Dollar/Singapore Dollar /
40USDTRY – US Dollar/Turkish Lira /
41USDZAR – US Dollar/South Africa Rand /
42ZARJPY – South African Rand/Japanese Yen /

 2. Forex Currency Major Pairs

These are the Major Pairs predominantly traded in Forex. In economic view, these pairs dominate the financial controlling powers amongst other currencies of the world due to their political, and financial might. An undesirable economic shock on either of these pairs can send ripple effects that would affect the world economy. These pairs are also known for their high volatility.


S/NFX PAIRSYMBOL
1 EURUSD – Euro/US Dollar /
2 USDJPY – US Dollar/Japanese Yen /
3 GBPUSD – Great Britain Pound/US Dollar /
4 GBPJPY – Great Britain Pound/Japanese Yen /
5 EURGBP – Euro/Great Britain Pound /
6EURJPY – Euro/Japanese Yen /
7 USDCHF – US Dollar/Swiss Franc /

3. Forex Currency Exotic Pairs

These are rarely traded pairs with low volumes, market depth, and very high bid/ask spread. They are expensive pairs to trade due to their high spread.

S/NFX PAIRSYMBOL
1 USDDKK – US Dollar/Danish Kronor /
2 USDHKD – US Dollar/Hong Kong Dollar /
3 USDHUF – US Dollar/Hungarian Forint /
4 USDJPY – US Dollar/Japanese Yen /
5 USDNOK – US Dollar/Norwegian Kronor /
6 USDPLN – US Dollar/Polish Zloty /
7 USDRON – US Dollar/Romanian Lei /
8 USDSEK – US Dollar/Swedish Kronor /
9 USDSGD – US Dollar/Singapore Dollar /
10 USDTRY – US Dollar/Turkish Lira /
11 USDZAR – US Dollar/South Africa Rand /
12 EURDKK – Euro/Danish Krone /
13 EURHUF – Euro/Hungarian Forint /
14 EURPLN – Euro/Polish Zloty /
15EURNZD – Euro/New Zealand Dollar /
16 ZARJPY – South African Rand/Japanese Yen /


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4. Forex Currency Correlated Pairs

Correlated pairs are currency pairs that have similar price patterns, movement, reactions, and price action. Therefore it is not wise to trade some of these pairs at the same time because it could multiply your risk if the market goes against you. Also it would be disastrous to trade some of these pairs at the same time because they move against themselves. For example if there is a SELL signal on the EURUSD, then it is 95% likely that the same signal would appear on the GBPUSD but not likely with the same intensity.


S/NFX PAIRSYMBOL
1 EURUSD – Euro/US Dollar /
2 EURGBP – Euro/Great Britain Pound /
3 USDCHF – US Dollar/Swiss Franc /
4 USDJPY – US Dollar/Japanese Yen /
5 AUDNZD – Australian Dollar/New Zealand Dollar /
6 AUDUSD – Australian Dollar/US Dollar /
7 GBPJPY – Great Britain Pound/Japanese Yen /
8GBPUSD – Great Britain Pound/US Dollar /
9 EURJPY – Euro/Japanese Yen /
10 AUDJPY – Australian Dollar/Japanese Yen /
11NZDJPY – New Zealand Dollar/Japanese Yen /

5. Forex Metals

These are assets in form of gold and silver. Their unique nature makes them an appetite for investment through stocks or commodity market. These precious metals are also used as currency tender and materials for producing high quality jewelries. Some country's monetary power is backed up by the amount of gold in their reserve.


S/NFX PAIRSYMBOL
1 XAUEUR – Gold/Euro Spot
2 XAUUSD – Gold Spot
3 XAGEUR – Silver/Euro Spot
4 XAGUSD – Silver Spot


We'll appreciate your comments, additions or observations on the list of currency pairs. We'll be glad if you share with the house your choice of pair and which pair you feel is the best by participating in the poll.



POLL: What is your Favourite Currency Pair? (leave a comment if your choice is not stated on the poll.)

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