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GBP/USD Intra-day trading signal by AceTrader

Posted 03-02-2010 at 01:13 AM by AceTrader (Forex Trading Signals)

INTRA-DAY GBP/USD: 1.4895

Last Update At 02 Mar 2010 04:20 GMT

Cable's intra-day weakness suggests caution on
our prospect of a rebound, abv 1.4945/50 wud signal pullback fm 1.5016 (NY) has ended n yield another bounce to 1.4970 but reckon 1.5016 wud remain
intact in Asia n bring further choppy trading.

Hold long with stop as indicated but below sup
at 1.4881 needed to extend weakness twd 1.4851.

Range Forecast
1.4900 / 1.4930

Resistance/Support
R: 1.4948/1.5000/1.5016
S: 1.4881/1.4851/1.4781

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DAILY FORECAST FOR GBPUSD

Posted 03-02-2010 at 12:35 AM by FX-Forecaster.com (The Daily Forecaster)

Bias: Ideally I'd actually like to see this correct higher to 1.5178. However, the downside is vulnerable & MT losses are expected

Given the size of losses yesterday we'll either see a day of consolidation or complete panic again. Below 1.4898-18 would imply losses back through 1.4835-60 to the 1.4732 low. At all times watch to see how this correlates with EURUSD and the expectations there (which are not for panic losses.) Only below yesterday's low would extend directly through 1.4734 & 1.4681 and to 1.4629 at least. Also note support at 1.4555 and 1.4406 if a move like yesterday occurs again...

Please view the complete analysis in the attached PDF file.

For a full description of how...

Attached Files

The Brief Daily Forecaster.pdf (46.3 KB, 17 views)

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Forex Trades 03/02 - European session

Posted 03-02-2010 at 12:21 AM by Mataf (Currency Majors Technical Analysis)

GBP/JPY - British Pound / Yen
Entry: 133.4
Stop: 134.1
Resistances: 135.5 - 134.55 - 134.05
Supports: 130.25 - 132 - 133

GBP/USD - British Pound / US Dollar
Entry: 1.4935
Stop: 1.5
Resistances: 1.52 - 1.51 - 1.502
Supports: 1.455 - 1.4785 - 1.488

USD/CAD - US Dollar / Canadian Dollar
Entry: 1.043
Stop: 1.047
Resistances: 1.0575 - 1.0495 - 1.0445
Supports: 1.032 - 1.037 - 1.041

...

Mataf

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Daily Forecast: March 02

Posted 03-01-2010 at 09:48 PM by Setyo Wibowo (FXInstructor.com Daily Forecasts with Setyo Wibowo)

EURUSD Forecast:
The EURUSD attempted to push lower after a false breakout above the minor bearish channel, bottomed at 1.3461 but closed higher at 1.3558. The bias is neutral in nearest term but I still prefer a bearish scenario. We seem to have a good support around 1.3450 area at this phase and need a clear break below that area to continue the bearish scenario targeting 1.3100 this week. A failure to break below that support area and break above 1.3690 area should trigger further bullish correction targeting 1.3750 – 1.3850 area as the bearish momentum may have exhausted. Immediate resistance at 1.3600. Break above that area could trigger further upside pressure re-testing 1.3690 area.