nuonrg's Blog
GBP/USD going down after strong rally
This is my forecast for the GBP/USD for 1 August 2014.
I am using priceaction, trendlines, horizontal support and pricechannels in this analysis.
Highest price in this period: 1.685
Lowest target price: 1.655
Details are in the included video analysis and forecast images of daily and 4 hour charts.
Video on youtube:
Daily chart:
4 hour chart:
Thank you for watching my forecast.
Please Like and Share my prediction of the GBP/USD for 1 August.
And also subscribe to my YouTube channel for more upda…
I am using priceaction, trendlines, horizontal support and pricechannels in this analysis.
Highest price in this period: 1.685
Lowest target price: 1.655
Details are in the included video analysis and forecast images of daily and 4 hour charts.
Video on youtube:
Daily chart:
4 hour chart:
Thank you for watching my forecast.
Please Like and Share my prediction of the GBP/USD for 1 August.
And also subscribe to my YouTube channel for more upda…
GBP/USD keeps rising instead of turning the tops.
After my winning contest in July 2013 (3th place) I like to share my vision again about the GBP/USD in the comming 2 months.On the Daily big picture the recent pinbar shows support from the 1.5460 level.Dovish prices were rejected back up.Recent uptrend and channeling upwards support this view.But more important after some undecidement, the 1.5590 level is strongly broken en now acts as support.Thus in the next view I setup my target price pattern.The pattern is decided upon trendlines and fibon…
Found the way up again? Also GBP/USD does.
As you can see on the Daily chart of GBP/USD, after all shocking Bernanke news the markets shaked out.The USD is back to be sold until at least the end of the year against most pairs, the GBP in this case.The spike back up brought the GBP back into the multi-month channel upwards, and that is where it gonna stay again for a decent amount of time.The 1.50 is said goodbye for now and we won't look back.On the 4 Hour chart you can see the big spike up based on fundamental news of the big change in …