You are not logged in.


Index » Medium Term : Charts, Analysis and Trade Ideas » 

GBP/USD : Downtrend triggered


Pages: 1

#1 ⇑ Haut ⇑ 04-01-2013 10:13:48

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

GBP/USD : Downtrend triggered

While a strong bullish movement of 300 pips occured a few days ago after a test of the support at 1.6086, the movement has been completely retraced in two days. The sell signal was given by the break of the support at 1.6180. The pair GBP/USD is currently very volatile and forms a V-top pattern, suggesting that the downtrend should continue. This scenario is reinforced by the recent break the support at 1.6086, a level that would enable the return of the downward trend a week ago.

We recommend to trade only short positions as far as 1.6180 is resistance. A bearish slant appeared on the short-term (blue line) and may guide the price to the support at 1.60 and 1.5961 in extension.

In case of return above 1.6180, then we advise to trade the pair depending on this level (long above - short below).

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-04012013.png

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-04012013-2.png


Last analysis on GBP/USD : GBP/USD : Resumption of the uptrend





signature forex
 

#2 ⇑ Haut ⇑ 10-01-2013 09:27:03

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

The downward trend continued on the pair GBP/USD after a pullback on 1.6117. The pirce has extended its bearish movement and is currently testing the psychological threshold at 1.60. This level gave support to the pair several times at the end of November. Levels of resistances and supports on charts were modified for relevance.

On the short term, this last bearish movement is part of a short-term bearish channel (blue lines) whose upper limit is currently being tested in h1.

We continue to advise short positions as far as the major resistance at 1.6117 is resistance. The break of 1.60 will give a new sell signal and allow the downtrend to continue towards the support 1.59.

In case of return above 1.6117, we will be neutral between this level and 1.6175.

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-10012013.png

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-10012013-2.png




signature forex
 

#3 ⇑ Haut ⇑ 11-01-2013 10:33:18

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

Following the release of short-term downtrend channel (blue lines in h1), a powerful rally took place on the pair GBP/USD which is currently evolving in a neutral zone between the support at 1.6117 and resistance at 1.6175. The downward trend triggered earlier is not questioned at this time as shown by the new medium term bearish channel (purple lines). The upper band has been tested.

We advise to wait an exit of the range 1.6117/1.6175 to take position:

- Only short positions in case of return below 1.6117 that will mark the resumption of the downtrend. A new test of major support at 1.60 will be then expected.

- Long positions in case of breakout of 1.6175. That will mark the end of the downtrend. We will then expect a return on 1.6250 and 1.63 in extension.

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-11012013.png

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-11012013-2.png




signature forex
 

#4 ⇑ Haut ⇑ 22-01-2013 10:26:28

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

The pair GBP/USD has continued these recent days its downward trend. The strength of the movement is marked by an output of a medium term bearish channel (purple lines). On the short term, the price is moving into a downtrend channel (black lines). The pair is currently testing a daily support at 1.5837 which match with the lows of November 15th, 2012.

We continue to advise short positions as far as 1.5927 is resistance. The  downward break of 1.5837 will give a new sell signal. Next support levels are at 1.5750 and then 1.57.

A return above 1.5927 will mark a short term bearish channel output and so we will be neutral between this level and the major resistance at 1.60.

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-22012013-2.png

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-22012013.png




signature forex
 

#5 ⇑ Haut ⇑ 28-01-2013 09:51:38

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

The bearish trend has continued on the pair GBP/USD. The break of the support at 1.5837 gave us a new sell signal and the price is moving away from the lower limit of its medium term bearish channel (purple lines). The pair is currently testing the major daily support at 1.5730 (the break of this level in August 2012 caused a strong bullish rally).

A technical rebound could therefore occur towards the lower limit of the medium term downtrend channel that corresponds to the level of theresistance at 1.5837. This scenario would occur if an output of short-term bearish channel (black lines) occurs soon. However, it is advisable to trade only short positions as far as 1.5837 is resistance.

The break of the support at 1.5730 will give a new sell signal and the price should then move to the next support at 1.56. In case of return above 1.5837, we will be neutral between this level and 1.5895. A break of this level would give a buy signal and we will then expect a return on the psychological resistance at 1.60 (upper limit of the medium term bearish channel).

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-28012013-2.png

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-28012013.png




signature forex
 

#6 ⇑ Haut ⇑ 01-02-2013 10:19:10

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

The daily support at 1.5730 led to a rebound of the pair GBP/USD after the output of its short-term bearish channel (black lines). The price has just reinstated its medium term bearish channel (purple lines) and is now moving in a neutral zone between the support at 1.5828 and the resistance at 1.5895.

We advise to wait an exit of this range to take position:

- Long positions in case of return blow 1.5828. A new test of the support at 1.5730 would be expected. The breakout of this level will open the way towards the next support at 1.56.

- Short positions if 1.5895 is broken. A pullback on the major resistance at 1.60 would be expected. This level corresponds to the upper limit of the medium term bearish channel.

Traders with a more aggressive strategy can take short positions now and trade the pair GBP/USD based on the key point at 1.5895.

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-01022013-2.png

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-01022013.png




signature forex
 

#7 ⇑ Haut ⇑ 04-02-2013 09:51:09

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

The pair GBP/USD resumed its downtrend on Friday. The sell signal was given to us by the break of 1.5828. Currently, the price is moving just below the daily support at 1.5730. During the week, further bearish movement is expected.

We recommend to trade only short positions as far as 1.5815 is resistance. This level is significant resistance in h1 (red dotted line on the h1 chart). The break of 1.57 will give a new sell signal and should allow the price to extend its downward movement to 1.56 and 1.55 in extension.

In case of return above 1.5815, we will be neutral between this level and 1.5895.

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-04022013-2.png

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-04022013.png




signature forex
 

#8 ⇑ Haut ⇑ 06-02-2013 09:04:32

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

The pair GBP/USD made ​​a new pullback at the end of last week on the resistance at 1.5883 (formerly 1.5895). Thereafter, the price has resumed its downtrend and the breakout of 1.57 gave us a new sell signal. All the last lows have been broken. On the medium term, the price continues to evolve below the lower limit of its medium term bearish channel (purple lines). The lower band just acted as resistance.

We continue to advise short positions as far as 1.5815 is resistance. The bearish sentiment is reinforced by the presence of a new short-term downtrend channel (brown lines). The support at 1.55 is now our next target. This level should be achieved if the minor support at 1.56 is broken.

In case of return above 1.5815, we will be neutral between this level and 1.5883.

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-06022013-2.png

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-06022013.png




signature forex
 

#9 ⇑ Haut ⇑ 14-02-2013 09:16:24

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

After making a pullback on the resistance at 1.5808, the pair GBP/USD resumed its downtrend and has broken its last lows. The break of 1.56 gave us a new sell signal and the price is currently testing the 1.55 psychological support. This level is a daily support and could led to a slight movement of correction for a pullback on 1.56. On the medium term, the last low allowed us to draw a parallel to our previous bearish channel (purple lines). The price is currently moving just below the lower band.

We continue to advise short positions as far as 1.57 is resistance. The bearish sentiment is reinforced by the presence of a bearish slant on the short term (brown line). Our next goal is now the major daily support at 1.53 which includes all lows of 2012.

In case of return above 1.57, we will be neutral between this level and 1.5808.

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-14022013-2.png

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-14022013.png




signature forex
 

#10 ⇑ Haut ⇑ 21-02-2013 09:37:25

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

After a long pause below the resistance at 1.5538 , a new downward acceleration occured on the pair GBP/USD. The price has broken the daily support at 1.53 which includes all lows in 2012. It is therefore an important sell signal given. On the short term, the last highs allowed us to draw a downtrend channel (brown lines). The price just came out from the bottom of the channel.

We continue to advise short positions as far as 1.5538 is resistance. This level corresponds to the lower limit of the medium term bearish channel  (purple lines). Our next objective is now set at 1.50 and 1.4950 in extension.

In case of return above 1.5538, we will be neutral between this level and the major resistance at 1.57.

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-21022013-2.png

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-21022013.png




signature forex
 

#11 ⇑ Haut ⇑ 27-02-2013 09:40:43

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

The pair GBP/USD has opened the week on a bearish gap and filled it yesterday. The price has since resumed its downtrend and is moving towards the psychological threshold at 1.50. On the short term, the pair is still evolving within its bearish channel (brown lines).

We continue to advise short positions as far as 1.54 is resistance. This level corresponds to the lower limit of the medium term bearish channel  (purple lines). 1.50 should be reached soon and the break of this level will give a new sell signal to 1.48.

In case of return above 1.54, we will be neutral between this level and the major resistance at 1.5538.

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-27022013-2.png

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-27022013.png




signature forex
 

#12 ⇑ Haut ⇑ 08-03-2013 09:39:20

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

The pair GBP/USD has continued its bearish movement early in the week and move since several days between the major support at 1.50 and the resistance at 1.52. The price is now moving into a new medium-term bearish channel (black lines) and is currently testing the support at 1.50.

We continue to advise short positions as far as 1.52 is resistance. This level corresponds to all the last highs. The break of 1.50 (new sell signal) should allow a new downward wave to 1.48.

In case of return above 1.52, we will be neutral between this level and the resistance at 1.54. This level corresponds to the lower band of the former medium term downtrend channel (purple lines).

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-08032013-2.png

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-08032013.png




signature forex
 

#13 ⇑ Haut ⇑ 12-03-2013 09:02:30

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

The pair GBP/USD has validated yesterday the breakout of the psychological support at 1.50 (new sell signal) and continues its bearish trend. The price is still moving within its medium term bearish channel (black lines).

We continue to advise short positions as far as 1.51 is resistance. The support at 1.48 should be tested soon. In case of breakout, a new sell signal will be given and we will then target the next support at 1.47.

In case of return above 1.51 (channel output validated), we will be neutral between this level and 1.53. This level corresponds to the lower limit of the former medium term downtrend channel (purple lines).

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-12032013-2.png

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-12032013.png




signature forex
 

#14 ⇑ Haut ⇑ 20-03-2013 10:13:15

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

At the end of last week, a correction occured on the pair GBP/USD, leading to a medium term bearish channel output . A short term support level at 1.5072 has been formed and the price has lost all volatility since the beginning of the week.

We are neutral for the moment between 1.5072 and the medium term resistance at 1.52. We advise to wait an exit of this range to take position:

- Long in case of breakout of 1.52. The price should then continue its correction to 1.53 and 1.5450 in extension.

- Short in case of breakout of 1.5072. A return below the psychological lsupport at 1.50 will give a new sell signal and should allow the price to return on its last low at 1.4840.

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-20032013-2.png

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-20032013.png




signature forex
 

#15 ⇑ Haut ⇑ 25-03-2013 09:15:43

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

The pair GBP/USD has continued its correction and just went out of our neutral zone 1.5072/1.52 from the top (buy signal). This movement is led by a bullish slant on the short term (blue line). The pair is about to test the lower band of our medium term bearish channel (purple lines) in resistance.

We recommend for the moment to trade only long positions as far as 1.5072 is support. The break of 1.53 (break of the lower band) will give a new buy signal. The price should then continue its correction towards 1.5450 and 1.55 in extension.

In case of return below 1.5072, we will be neutral between this level and the psychological level at 1.50.

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-25032013-2.png

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-25032013.png




signature forex
 

#16 ⇑ Haut ⇑ 29-03-2013 08:58:20

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

The pair GBP/USD has evolved these last days without a real trend around the resistance at 1.52. On the short term, we see that mini-trends are taking place but they only stay few days at most. However, the strength of the British Pound against the U.S. dollar appreciating strongly against the euro shows that the Pound seems to be on the end of its downward trend.

We continue to advise long positions as far as 1.5072 is support. The break of 1.5250 (break of the lower band of the medium term bearish channel) will give a new buy signal. The price would then continue its rebound towards 1.53 and 1.5450 in extension.

In case of return below 1.5072, we will be neutral between this level and the psychological level at 1.50.

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-29032013-2.png

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-29032013.png




signature forex
 

#17 ⇑ Haut ⇑ 05-04-2013 09:46:19

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

Earlier this week, the pair GBP/USD made ​​a pullback on the at 1.5075 but thereafter a strong bullish rally has occured yesterday. The price is back above the resistance at 1.52 and is about to test all its last highs at 1.5250. The price is also back above the lower limit of its medium term bearish channel (purple lines).

We continue to advise long positions as far as 1.5075 is support. The break of 1.5250 will give a new buy signal. The price would then continue its rebound towards 1.54 and 1.5450 in extension.

In case of return below 1.5075, we will be neutral between this level and the psychological level at 1.50.

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-05042013-2.png

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-05042013.png




signature forex
 

#18 ⇑ Haut ⇑ 08-04-2013 10:00:53

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.65/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.6/5 (303 votes)


Share this topic :

Re: GBP/USD : Downtrend triggered

The pair GBP/USD has continued its correction last Friday. The breakout of 1.5250 gave us a new buy signal. A medium-term bullish slant (black line) seems to lead the movement.

We continue to advise long positions as far as 1.52 is support. A stay above this slant would reinforce our bullish sentiment. The price should continue its correction to 1.54 (medium term bearish slant - dotted purple line) and then towards 1.5450 and 1.55 (upper band of the medium term downtrend channel - purple lines) in extension.

In case of return below 1.52, we will be neutral between this level and 1.5075.

GBP/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-08042013-2.png

GBP/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/gbpusd-08042013.png




signature forex
 

Index
  •  » Medium Term : Charts, Analysis and Trade Ideas » 

    GBP/USD : Downtrend triggered



  • Pages: 1