Forex

GBPUSD Analysis 2010-11-03


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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