empty
 
 
01.05.2012 10:33 AM
EUR/USD Wave Analysis for May 1, 2012

Now, the GBP/USD is showing strong wekaness in the major time frames, as the pair is currently finding support at the level of 1.5247. Bears could continue dominating the main bias, and if GBP/USD breaks that support zone, the next target would be the level of 1.5086. Moreover, we cannot discard a rebound at the current territory because the pair is oversold on the lower charts.

This image is no longer relevant


On the H1 chart, the GBP/USD is forming a lower low pattern in order to reach the support level of 1.5202 in the short term. Also, the 200 SMA is showing us the current bears power, as it's pointing to the downwards. The price action in this time frame probably is forecasting an imminent retracement to 1.5270 in the coming hours.

This image is no longer relevant


Daily chart's resistance levels: 1.5761 / 1.5957

Dailychart's support levels: 1.5491 / 1.5247

H1 chart's resistance levels: 1.5340 / 1.5413

H1 chart's support levels: 1.5257 / 1.5202



Trading recommendations for today: Based on the H1 chart, place short (sell) orders only if the GBP/USD pair breaks a bearish candlestick. The support level is at 1.5257, take profit is at 1.5202, and stop loss is at 1.5313.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $1000 lebih banyak!
    Pada Juni kami mengundi $1000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback