Fx Charts

(eToro Blog) News that the U.K. economy is edging closer to a double-dip recession is putting pressure on the Pound Sterling, which fell against the U.S. Dollar to 1.5581. On the OpenBook, traders are primarily short the GBP/USD. Guru santosh, who is g…

The paring is beginning to form a nice channel on its 4-hour chart and, according to the BabyPips.com FX-Men Team, price action has just encountered dynamic resistance at the top of the channel around the 1.5530 level. “With the Stochastic indicating t…

who observes the pair moving on a bearish chart pattern and likely to revisit 1.5630/25 area quite quickly. The pair is expected to trade lower over the next sessions and revisit 1.5630/25, says Harmer: “We still hold the view that we will trade …

“Stocks are off daily lows following latest positive US data, giving the GBP/USD strength enough to regain the 1.5600 area, currently testing 1.5630 strong resistance area, as per daily high along with 20 SMA in the 4 hours chart, the level should ho…

He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

The chart below shows the Fibonacci extensions and how the GBP/USD pair trend could unfold in the coming days, off of the June 1 High at 1.6495, the July 12 Low at 1.5778 and the extension to the July 14 High at 1.6192. Trading Tip – The previous GBP…

FXstreet.com (Barcelona) – The Pound has turned lower, after hitting 1.6035 reaching day lows at 1.5945, and showing a bearish divergence on 4 hour charts, with prices aiming towards 20-period SMA, according to Valeria Bednarik, technical analyst at FX…

By Barbara Zigah Earlier, the U.S. Labor Department released the non-farms payroll figures for the month of December and, surprising markets and analysts alike (much as it did last month), the numbers came in worse than forecast at only 103,000 new jobs added.  Earlier estimates by economists were quite broad – yet all positive – [...]

According to Valeria Bednarik, Chief Analyst at FXstreet.com: “The cross is below 1.5440 static resistance area, also 20 SMA in the hourly chart with indicators heading south both in 1 and 4 hours charts , with immediate support around 1.5360 past Thur…

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