GBPUSD Technical Analysis For 17th November 2015 | 17 11月 2015

17 11月 2015, GBP/USD

Technical View:
GBP/USD is currently trading with a slight bearish bias.Assuming the level 1.5266 to be the end of wave (b), we expect wave (c) to close below the end of wave (a). Ideally, wave (c) should close along the lower supportive green trend line at around 1.4851. Traders trading this pair should observe other pairs such as GBP/SGD, GBP/HKD, AUD/USD and AUD/HKD for similar price movements. This pairs have a very strong strong positive correlation of up to +0.96, and are thus expected to move in a similar direction. Therefore, only buy or sell Pound if all the other positively correlated pairs are giving the same signal.

Trade Recommedation:

Remain short in this pair but with an ultimate stop along the supportive trend line at 1.4851

Bob Stan
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus