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  • En Gbpusd 20160405 A

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    Affizul Azuwar
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    The document provides a trading signal for the GBPUSD currency pair as of May 4, 2016. In the short-term (60 minutes), the trend is downward and strong, with support at 1.4130 and resistance at 1.4230. The analyst is waiting for a retracement higher or a downward break of 1.4170 to reinstate short positions. In the medium-term (daily), the trend remains downward and strong, while neutral in the long-term (3 months), with key support at 1.3760 and resistance at 1.4520.

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    gbp

    Original Title

    EN-GBPUSD-20160405-A

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    The document provides a trading signal for the GBPUSD currency pair as of May 4, 2016. In the short-term (60 minutes), the trend is downward and strong, with support at 1.4130 and resistance at 1.4230. The analyst is waiting for a retracement higher or a downward break of 1.4170 to reinstate short positions. In the medium-term (daily), the trend remains downward and strong, while neutral in the long-term (3 months), with key support at 1.3760 and resistance at 1.4520.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    18 views1 page

    En Gbpusd 20160405 A

    Uploaded by

    Affizul Azuwar
    The document provides a trading signal for the GBPUSD currency pair as of May 4, 2016. In the short-term (60 minutes), the trend is downward and strong, with support at 1.4130 and resistance at 1.4230. The analyst is waiting for a retracement higher or a downward break of 1.4170 to reinstate short positions. In the medium-term (daily), the trend remains downward and strong, while neutral in the long-term (3 months), with key support at 1.3760 and resistance at 1.4520.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Trading Signal - 05 / 04 / 2016 - 16:00 (GMT +3)

    Instrument: GBPUSD
    by: Chief Technical Strategist Avramis Despotis

    Previous Close

    1.4180

    Change

    -0.61 %

    Current

    1.4180

    52 Week High

    1.5910

    52 Week Low

    1.3836

    30 Days ATR

    0.0109

    40 Weeks ATR

    0.0186

    Time

    Trend &
    Condition

    1.4170

    60min
    CHART

    Next 3 Days

    Support &
    Resistances

    Downwards
    Strong

    1.4130
    1.4080

    Comments

    1.4270

    Waiting for a retracement higher towards the


    1.4230 resistance level in order to reinstate
    SHORT positions.

    The market is testing resistance at 1.4320. We are

    1.4020

    1.4440

    waiting to see reversal signals in order to reinstate


    SHORT positions, or alternatively the downward
    break of the 1.4170 support level. Next important

    1.3769

    1.4620

    resistance the 1.4440 level.

    CHART

    Next 3
    Weeks

    Downwards
    Strong

    Neutral

    1.4040

    Daily

    1.4520

    CHART

    Next 3
    Months

    Downwards
    Weak

    Neutral

    1.3760
    1.3300

    Position

    Entry

    SL

    SELL

    Trade P.

    TP1

    TP2

    Position

    Entry

    SL

    SELL

    1.4170

    1.4270

    Trade P.

    TP1

    TP2

    Low

    1.4100

    1.3900

    Position

    Entry

    SL

    BUY

    Trade P.

    TP1

    TP2

    1.4940

    1.5150

    1.4322

    1.4320

    1.4170

    Entry, Take Profit &


    Stop Loss Levels

    1.4230

    Oversold 1

    240min

    Position & Trade


    Probability

    1.4940
    1.5150

    The market is testing support at 1.4040. We are


    waiting to see reversal signals in order to reinstate
    LONG positions, or alternatively the upward break
    of the 1.4520 resistance level. Next important
    support the 1.3760 level.

    Legal Disclaimer: All trading signals provided are general recommendations. They have not been prepared in accordance with the requirements designed to promote the independence of
    investment research.

    12, Richard & Verengaria Street Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus P.O.Box 50626, 3608 Limassol, Cyprus

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