GBP/USD bearish outlook - for February 01, 2013 (Daily Strategy) Trend News

The British pound resumes a short-term downtrend, after it has recovered positions yesterday. The pair stopped below the 200 day moving average periods (blue) and is at the level of 1.5898, as we mentioned yesterday.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

The material has been provided by Instaforex Company - http://www.instaforex.com/



For detail explanation and best discovery on market trends you may visit via GBP/USD bearish outlook - for February 01, 2013 (Daily Strategy) . Thanks for your support on GBP/USD bearish outlook - for February 01, 2013 (Daily Strategy)

EUR/USD correction - for February 01, 2013 (Daily Strategy) Trend News

During the early American session, after the jobs data from the United States, the euro has lost ground after having nearly reached the level of 1.37. According to technical analysis of chart, you can see that the euro is trading above the fractal of 1.3621. If the pair closes below this level and below the 15 period EMA (green) there will be the signal to sell this for as part of the correction. We expect to have its bottom in the strong support level of 1.34, which coincides with the fractal 1.3410. If you noticed, the Momentum produced a signal and we consider it to be a bearish one.

Therefore, leave the levels of negotiation for this weekend and the next week.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

The material has been provided by Instaforex Company - http://www.instaforex.com/



For detail explanation and best discovery on market trends you may visit via EUR/USD correction - for February 01, 2013 (Daily Strategy) . Thanks for your support on EUR/USD correction - for February 01, 2013 (Daily Strategy)

GBP/USD sell below EMA 200 - For January 31, 2012 (Daily Strategy) Trend News

The British pound in 4 hours chart has broken its short-term downtrend, but in the long term, we expect the downtrend to continue. The 200 day moving average periods (blue) is the key level and located at 1.5898. If you look at the chart below the moving averages are three candles that the pair has tried to overcome, but failed. Hence the downward movement led the pair to a minimum of 1.5745. The pair is likely to continue the rebound to this area. So it is recommended to sell with objectives to 1.5613 fractal. In the medium term, we are bearish until 1.5350.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

The material has been provided by Instaforex Company - http://www.instaforex.com/



For detail explanation and best discovery on market trends you may visit via GBP/USD sell below EMA 200 - For January 31, 2012 (Daily Strategy) . Thanks for your support on GBP/USD sell below EMA 200 - For January 31, 2012 (Daily Strategy)