The price was on bear market rally for the last week trying to break few resistance lines and came very close to Sinkou Span B (one of the border of Ichimoku cloud). By the way - Ichimoku cloud is thin and it's already turned to bullish by color. But Tenkan abd Kijun lines are not indicating this bullish reversal, abd the price will will have 1.5237 and 1.5276 resistance levels on the way to this bullish reversal.
If the price will finally break 1.5237 and 1.5276 levels so we may have good uptrend with ranging market condition. If the price will not break those resistance lines - the bearish trend will be continuing with ranging market condition as well.
Recommendation for long: watch the price to break 1.5276 resistance (for D1 timeframe) with 1.5216 initial stop loss and 1.5340 initial take profit level
Recommendation
to go short: none
Trading Summary: possible ranging
UPCOMING EVENTS (high/medium impacted news events which may be affected on GBPUSD price movement for the next week)
Хорошая ветка началась в англ части Press review - новости о форексе, трейдинге и программировании, самое интересное (и серьезное), со ссылками на первоисточник. Чистые ссылки без собственных комментариев будут удаляться. На англ языке извиняюсь. Например - можно обсуждать фундаментальные новости со ссылками на пресс релизы.
This link provided to me by RaptorUK, give me the idea that it would be interesting to have a place here on the site to share such links. So I opened a new topic, it will be moderated to follow the rules as usual, but also about the content.
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Недельная ветка технического анализа - по GBPUSD Technical Analysis 02.06 - 09.06 : Trying to Reverse to Bullish
Мне кажется, что GBPUSD будет наиболее интересная пара в эту неделю
Forum
GBPUSD Technical Analysis 02.06 - 09.06 : Trying to Reverse to Bullish
newdigital, 2013.06.01 16:47
The price was on bear market rally for the last week trying to break few resistance lines and came very close to Sinkou Span B (one of the border of Ichimoku cloud). By the way - Ichimoku cloud is thin and it's already turned to bullish by color. But Tenkan abd Kijun lines are not indicating this bullish reversal, abd the price will will have 1.5237 and 1.5276 resistance levels on the way to this bullish reversal.
If the price will finally break 1.5237 and 1.5276 levels so we may have good uptrend with ranging market condition. If the price will not break those resistance lines - the bearish trend will be continuing with ranging market condition as well.
UPCOMING EVENTS (high/medium impacted news events which may be affected on GBPUSD price movement for the next week)
2013-06-03 08:30 GMT | [GBP -Manufacturing Purchasing Managers Index (PMI)]
2013-06-03 14:00 GMT | [USD -ISM Manufacturing PMI]
2013-06-04 08:30 GMT | [GBP -Construction PMI]
2013-06-04 12:30 GMT | [USD -Trade Balance]
2013-06-05 08:30 GMT | [GBP -Service PMI]
2013-06-05 09:00 GMT | [EUR -Gross Domestic Product (GDP)]
2013-06-05 12:15 GMT | [USD -ADP Employment Change]
2013-06-05 14:00 GMT | [USD -ISM Non-Manufacturing PMI]
2013-06-06 11:00 GMT | [GBP -BoE Interest Rate]
2013-06-07 08:30 GMT | [GBP -Trade Balance]
2013-06-07 08:30 GMT | [USD -Non-farm Payrolls]
SUMMARY : ranging
TREND : bear market rally
Intraday Chart
Хорошая ветка началась в англ части Press review - новости о форексе, трейдинге и программировании, самое интересное (и серьезное), со ссылками на первоисточник. Чистые ссылки без собственных комментариев будут удаляться. На англ языке извиняюсь. Например - можно обсуждать фундаментальные новости со ссылками на пресс релизы.
Forum
Press review
angevoyageur, 2013.06.04 14:08
This link provided to me by RaptorUK, give me the idea that it would be interesting to have a place here on the site to share such links. So I opened a new topic, it will be moderated to follow the rules as usual, but also about the content.
Вчера было nfp - Non-farm Payrolls/Рабочие места вне аграрного сектора :
2013-06-07 12:30 GMT | [USD -Non-farm Payrolls]
Forum
Press review
newdigital, 2013.06.07 14:30
NFP now: