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GBPUSD Analysis 2010-11-09

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4XEagleEye Dashboard

Date: 09 Nov 2010 06:04:18 GMT Short Term Market Outlook

Forex Automation letsfx.com

The bias remains neutral in nearest term. A need for a clear break from the range area (1.6271 – 1.6094) so we can see clearer direction. Break below (1.6094) could trigger further bearish pressure targeting (1.5864) and keep the major bearish scenario remains strong while break above (1.6271) could trigger further bullish correction testing (1.6414).
You may try to buy from lower border and/or sell from upper border.


Summary

Direction

Moving Averages

Reversal Probability

Oscillator
1.6464
1.6414
1.6364
1.6254
1.6166
1.6048
1.5964
1.5914
1.5864
1.5814
MA Penetrated
09 Nov 2010 02:04:15 GMT
GBPUSD has closed above 30 SMA. This should empower bullish short term technical outlook.
Neutral Trend Broken
09 Nov 2010 01:04:11 GMT
GBPUSD is in down trend as long as it stays below (1.6271), any 4 hours close above this level will change instrument`s direction. Traders should consider selling every rally with a stop loss above (1.6271)
Neutral Trend
09 Nov 2010 00:04:26 GMT
GBPUSD is struggling in a battle between both market forces (bulls and bears) the instrument has a trading range to break. Any four hours close above (1.6271) will open the way for a little push upward to test next resistance level, and a four hours close below (1.6094) will let the instrument test the next support level.

Hourly Alerts


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GBPUSD Analysis 2010-11-08

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4XEagleEye Dashboard

Date: 08 Nov 2010 07:04:03 GMT Short Term Market Outlook

Forex Automation letsfx.com

We expect a bullish overall direction for today.
That requires the base to build on (1.6155); targeting (1.6261) then (1.6311).
A break under (1.6156) support area will extend losses to (1.5876).
Look for long positions for today`s trading session.


Summary

Direction

Moving Averages

Reversal Probability

Oscillator

Hammer

2010-11-08 02:00

1.6461
1.6411
1.6361
1.6311
1.6261
1.6155
1.6088
1.6032
1.5966
1.5876
MA Penetrated
08 Nov 2010 07:04:03 GMT
GBPUSD has closed above 100 SMA. This should empower bullish short term technical outlook.
Stochastic Oversold
08 Nov 2010 04:04:04 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.
MA Penetrated
08 Nov 2010 02:04:04 GMT
GBPUSD has closed below 100 SMA. This reflects supply forces victory on short term technical outlook.

Hourly Alerts


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GBPUSD Analysis 2010-11-05

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4XEagleEye Dashboard

Date: 05 Nov 2010 07:04:06 GMT Short Term Market Outlook

Forex Automation letsfx.com

We prefer upside scenario at this phase.
Since bias is bullish in nearest term targeting (1.6564). Another move back below (1.6022) could lead us to neutral zone.
We will be looking to buy GBPUSD upon any price retracement.


Summary

Direction

Moving Averages
82%
Reversal Probability

Oscillator

Shooting Star

2010-11-05 02:00

1.6775
1.6643
1.6564
1.6432
1.6353
1.6221
1.6155
1.6088
1.6032
1.5977
Stochastic Oversold
05 Nov 2010 06:04:16 GMT
GBPUSD Stochastic (14) main line entered hourly oversold zone. Traders should NOT consider any short term short trades.
Bearish Reversal Pattern
05 Nov 2010 02:05:30 GMT
On GBPUSD hourly chart there is a bearish reversal signal (Shooting Star). We recommend selling with a stop loss above(Shooting Star)
Bearish Reversal Pattern
05 Nov 2010 00:04:47 GMT
On GBPUSD hourly chart there is a bearish reversal signal (Shooting Star). We recommend selling with a stop loss above(Shooting Star)

Hourly Alerts


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GBPUSD Analysis 2010-11-04

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4XEagleEye Dashboard

Date: 04 Nov 2010 06:04:08 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 (1.6180), this would confirm continuation of the bullish trend, towards next objective upwards (1.5977) then (1.5914) and (1.5805) will follow.
Buy on depth for today with a stop loss below (1.5995).


Summary

Direction

Moving Averages

Reversal Probability

Oscillator
1.6508
1.6421
1.6344
1.6257
1.6180
1.6048
1.5977
1.5914
1.5863
1.5805
Up Trend
04 Nov 2010 00:04:40 GMT
GBPUSD is heading upward as long as it remains above (1.5995) any four hours close above (1.6180) will open the way for the instrument to test the next resistance level. Any four hours bare close below (1.5995) will change instrument`s direction. Traders should consider buying every depth with a stop loss at (1.5995).

Hourly Alerts


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GBPUSD Analysis 2010-11-03

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4XEagleEye Dashboard

Date: 03 Nov 2010 06:04:12 GMT Short Term Market Outlook

Forex Automation letsfx.com

We should be moving up as long as (1.5952) is not broken.
GBPUSD is heading upward as long as it remains above (1.5952) any four hours close above (1.6140) will open the way for the instrument to test the next resistance level at (1.6200).
Any four hours bare close below (1.5952) will change instrument’s direction.
Traders should consider buying every depth with a stop loss at (1.5952).


Summary

Direction

Moving Averages

Reversal Probability

Oscillator
1.6317
1.6257
1.6200
1.6140
1.6083
1.5977
1.5914
1.5863
1.5805
1.5732
MA Penetrated
03 Nov 2010 03:04:23 GMT
GBPUSD has closed above 30 SMA. This should empower bullish short term technical outlook.
MACD Turning Bullish
03 Nov 2010 02:04:13 GMT
GBPUSD MACD (12, 26, 9) histogram turned from bearish to bullish. This should empower the instrument`s bullish technical short term outlook.
MA Penetrated
03 Nov 2010 02:04:13 GMT
GBPUSD has closed below 50 SMA. This reflects supply forces victory on short term technical outlook.

Hourly Alerts


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