Friday, 19 July 2013

DAILY FOREX ANALYSIS 7/19/2013

PAIR: GBPUSD

Technical Studies: Daily Pivot Point,Moving Averages,Bollinger Bands,RSI

Daily Pivot Point: Price opened above pivot point.
Moving Averages: SMA5 1.5173, SMA10 1.5097 ,SMA15 1.5104, all SMA's are below price and are moving in upward direction.
Bollinger Bands: price is above middle band, bollinger bands are contracting.
RSI: RSI is at 50.
Bias: My bias is developing bullish, but still their is downward risk.
Trade Plan.
Bulllish above: 1.5253
Bearish below:1.5167
CONTACT: newtraders01@gmail.com

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