Looking to buy around 1.5552

23 July, 2015

GBP/USD

Daily chart envelopes are griped and now there is a tendency that the upper Bollinger band is going to be the objective (1.58)

Í4: flat1.5536-1.5633.

Í1: a better expressed support on the bottom Bollinger band (1.5552). Resistance is on 1.5648.

Expectations: decline to 1.5552 and a new phase of growth in the direction of 1.5648.

Trading decisions:

1)Looking to buy around 1.5552. Targets - 1.5648 and 1.58 in the middle run.


Source  
We shall buy from the area 124.206 Aug, 2015  

Daily chart: The pair is obviously aimed towards the upper Bollinger band (125.58). Expectations: falling to 124.20 and then rise to 125.58...

Flat as a preparation for decline4 Aug, 2015  

The daily chart: the pair is falling inside Bollinger envelopes, which may indicate potential of this medium-term decline around the bottom band (121.62), as ADX is insufficient for impulsive moves...

We wait for growth towards 1.5640 and shall sell from there28 Jul, 2015  

The pair tends to rise in the area of the upper Bollinger band (1.5735). However, it has a dynamic (descending) character, plus H1 gives a purely Southern pattern, so the bulls are expected at a lower part...


Flat 123.73-124.0324 Jul, 2015  

Daily chart: flat within the upper envelope (122.21-124.96) continues, whereas the spin axis is around 124.00. ADX parameter is not sufficient to replace current tendency...

Key support for Euro - 1.084317 Jul, 2015  

Daily chart bears still press and now a new support level is 1.0843 (the bottom Bollinger band). Below we have a small downfall to the 5th figure...

Waiting when euro in the area 1.1294 and sell24 Jun, 2015  

Daily chart: strong support in the area of the middle Bollinger band (1.1183) can bounce the pair to the area 1.1345...


Four reasons to buy S&P500. Forecast for the week 22 - 26 of June22 Jun, 2015  

This week we shall expect that flat tendency on this metal will continue. From one hand, Fed Reserve lowered its forecast on macroeconomic indicators and US dollar started to be actively sold against this background. Descending tendency as applied to US dollar is positive to gold...

We shall sell from 124.0011 Jun, 2015  

We have a predicted technical pullback from a strong support represented by the middle Bollinger band (122.54), which finds its place within a pullback to the entrance point according to the pattern O&U (125.00)...

Forecast for the week 1st - 5th of June1 Jun, 2015  

This week we have to expect that a descending trend would continue. Firstly, investors expect that FRS will toughen monetary policy which will boost demand in USD and, in its turn, to increase pressure on precious metal...