ANNOUNCEMENT

From tomorrow onward we will add technical study of relative strength index to our DAILY FOREX ANALYSIS.  

DAILY FOREX ANALYSIS 7/11/2013

PAIR: GBPUSD
TECHNICAL STUDY: DAILY PIVOT POINTS.
PP: 1.4955
S1: 1.4894
S2: 1.4784
S3: 1.4723
R1: 1.5065
R2: 1.5126
R3: 1.5236
OPEN: 1.5013
INITIAL BIAS BULLISH
BULLISH ABOVE 1.5065
BEARISH BELOW 1.4894

DAILY FOREX ANALYSIS 7/10/2013

PAIR: GBPUSD
TECHNICAL STUDY: PIVOT POINTS
TODAY PIVOT POINT IS 1.4885, AND OPEN PRICE IS 1.4871 LOWER THEN PP,BEARISH SIGNAL.
CURRENT PRICE IS AT 1.4865. INITIAL DAILY BIAS IS BEARISH
SELL BELOW 1.4790
BUY ABOVE 1.4958

PRODUCTS

We offer courses on following areas.

1. FUNDAMENTAL ANALYSIS
2. TECHNICAL ANALYSIS
3. WEALTH MANAGEMENT 
4. FOREX MARKET
5. STOCK MARKET
6. COMODITY MARKET

ABOUT US

New traders is trading and investment firm in financial markets specialising in forex, stock and comodities.
It is based in Mirpur Khas 4th largest city of SINDH.
New Traders is 1st of its kind in Mirpur Khas.

CONTACT
New Traders
Mustafa Shoping Centre
Opposite Bagh-e-Nazir Hussain
Mirpur Khas SINDH
CALL: 00923362838615

Technical analysis

Technical analysis is the study of past financial market data, primarily through the use of charts, to forcast price trends and market investment decesions.

Threre are three premises on which the technical approach is based.

1. Market action dscounts everything
2. prices move in trends
3. history repeats itself

UK official bank rate jun2008-jun2013

Ofiicial bank rate of UK for last 5 years from june 2008- june 2013 

High 5%

Low 0.5%

Average 1%

Official bank rate of UK for last 3 years from june 2010- june 2013

High 0.5%

Low 0.5%

Average 0.5%

Official bank rate of UK for last 1 year from june 2012- june 2013

High 0.5%

Low 0.5%

Average 0.5%