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GBPUSD Analysis 2010-11-16

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4XEagleEye Dashboard

Date: 16 Nov 2010 07:06:03 GMT Short Term Market Outlook

Forex Automation letsfx.com

Strength in GBPUSD is likely to continue.
We see a less chances of an immediate fall on the instrument for short-term technical outlook.
Next upside barriers follow (1.6104) at (1.6167) and (1.6231).
Look for long positions for current trading session.


Summary

Direction

Moving Averages

Reversal Probability

Oscillator
1.6356
1.6306
1.6231
1.6167
1.6104
1.5986
1.5889
1.5839
1.5789
1.5739
MACD Bullish Turning Point
16 Nov 2010 02:06:03 GMT
GBPUSD MACD signal line has crossed above the indicator`s histogram while both of them, MACD and histogram, been less than Zero. This is a probable bullish short term turning point.
Up Trend
16 Nov 2010 00:06:20 GMT
GBPUSD is heading upward as long as it remains above (1.5976) any four hours close above (1.6104) will open the way for the instrument to test the next resistance level. Any four hours bare close below (1.5976) will change instrument`s direction. Traders should consider buying every depth with a stop loss at (1.5976).

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GBPUSD Analysis 2010-11-15

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4XEagleEye Dashboard

Date: 15 Nov 2010 06:05:39 GMT Short Term Market Outlook

Forex Automation letsfx.com

We see better value in long positions.
If the price will advance above the first resistance at (1.6184), this would confirm continuation of the bullish trend, towards next objective upwards (1.5986) then (1.5936) and (1.5836) will follow.
Our bias is on buying GBPUSD with a stop loss under (1.5976) for today.


Summary

Direction

Moving Averages

Reversal Probability

Oscillator
1.6411
1.6361
1.6311
1.6261
1.6184
1.6068
1.5986
1.5936
1.5886
1.5836
MA Penetrated
15 Nov 2010 05:05:38 GMT
GBPUSD has closed below 50 SMA. This reflects supply forces victory on short term technical outlook.
MA Penetrated
15 Nov 2010 04:05:37 GMT
GBPUSD has closed below 200 SMA. This reflects supply forces victory on short term technical outlook.
MACD Bearish Turning Point
15 Nov 2010 01:05:34 GMT
GBPUSD MACD signal line has crossed below the indicator`s histogram while both of them, MACD and histogram, been greater than Zero. This is a probable bearish short term turning point.

Hourly Alerts


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GBPUSD Analysis 2010-11-12

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4XEagleEye Dashboard

Date: 12 Nov 2010 07:05:30 GMT Short Term Market Outlook

Forex Automation letsfx.com

We see better value in long positions.
If the price will advance above the first resistance at (1.6155), this would confirm continuation of the bullish trend, towards next objective upwards (1.5967) then (1.5917) and (1.5817) will follow.
Buy on depth for today with a stop loss below (1.6072).


Summary

Direction

Moving Averages

Reversal Probability

Oscillator
1.6405
1.6355
1.6299
1.6218
1.6155
1.6048
1.5967
1.5917
1.5867
1.5817
Stochastic Oversold
12 Nov 2010 07:05:30 GMT
GBPUSD Stochastic (14) Main line has crossed above Signal line while both lines been below 20. This is a probable short term bullish turning point.
Up Trend Broken
12 Nov 2010 06:05:36 GMT
GBPUSD closed below (1.6072). Traders should stand aside for a clearer direction outlook for the market.
MA Penetrated
12 Nov 2010 04:05:32 GMT
GBPUSD has closed below 50 SMA. This reflects supply forces victory on short term technical outlook.

Hourly Alerts


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GBPUSD Analysis 2010-11-11

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4XEagleEye Dashboard

Date: 11 Nov 2010 07:05:07 GMT Short Term Market Outlook

Forex Automation letsfx.com

We see better value in long positions.
If the price will advance above the first resistance at (1.6184), this would confirm continuation of the bullish trend, towards next objective upwards (1.6009) then (1.5952) and (1.5834) will follow.
Look for long positions for current trading session.


Summary

Direction

Moving Averages

Reversal Probability

Oscillator

Shooting Star

2010-11-11 03:00

1.6422
1.6359
1.6299
1.6247
1.6184
1.6068
1.6009
1.5952
1.5897
1.5834
Bearish Reversal Pattern
11 Nov 2010 03:05:02 GMT
On GBPUSD hourly chart there is a bearish reversal signal (Shooting Star). We recommend selling with a stop loss above(Shooting Star)
Reverse Expected
11 Nov 2010 03:05:02 GMT
There is 74% probability that GBPUSD will reverse soon. Traders should consider selling the instrument or taking profits on current long trades.
Reverse Expected
11 Nov 2010 02:04:59 GMT
There is 68% probability that GBPUSD will reverse soon. Traders should consider selling the instrument or taking profits on current long trades.

Hourly Alerts


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GBPUSD Analysis 2010-11-10

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4XEagleEye Dashboard

Date: 10 Nov 2010 06:04:41 GMT Short Term Market Outlook

Forex Automation letsfx.com

Strength in GBPUSD is likely to continue.
We see a less chances of an immediate fall on the instrument for short-term technical outlook.
Next upside barriers follow (1.6048) at (1.6104) and (1.6155).
You may try to buy from (1.5906), (1.5813), and (1.5674) with a stop loss below (1.5942).


Summary

Direction

Moving Averages
76%
Reversal Probability

Oscillator

Hammer

2010-11-10 03:00

1.6370
1.6261
1.6155
1.6104
1.6048
1.5906
1.5813
1.5674
1.5581
1.5531
MACD Bullish Turning Point
10 Nov 2010 05:04:58 GMT
GBPUSD MACD signal line has crossed above the indicator`s histogram while both of them, MACD and histogram, been less than Zero. This is a probable bullish short term turning point.
Bullish Reversal Pattern
10 Nov 2010 04:04:45 GMT
On GBPUSD hourly chart there is a bullish reversal signal (Hammer). We recommend longing the pair with a stop loss below(Hammer)
Stochastic Oversold
10 Nov 2010 03:04:41 GMT
GBPUSD Stochastic (14) main line entered hourly oversold zone. Traders should NOT consider any short term short trades.

Hourly Alerts


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