Forex

GBPUSD Analysis 2010-11-11


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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