Wednesday, 17 July 2013

DAILY FOREX ANALYSIS 7/18/2013

Pair: GBPUSD

Technical studies: Daily Pivot Point, Moving Averages, Bollinger Bands, RSI.

Daily Pivot Points: Cable opened above pivot point.
Moving Averages: SMA 5,10&15 are below price and moving in straight direction. SMA5 1.5153, SMA10 1.5105, SMA15 1.5066.
Bollinger Bands: Price is above middle band. Lower band is moving upward, while upper and middle are downward. Bollinger Bands are contracting.
RSI: 49.
Bias: Daily bias is neutral. 
If price goes above 1.5293 I will be bullish, and f it goes below 1.5104 I will be bearish
Contact: newtraders01@gmail.com

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