Forex Technical Analysis

Technical analysis uses past data to try to forecast the future of a currency or pair. It is visually represented in the form of graphs, charts or tables. Some examples of technical analysis are the Elliott Wave and Fibonacci.

Forex Brokers

GBP/USD

By:   iForex
  • 12-11-2008
0
votes
 

British Pound

The currency pair opened at $1.5400 this morning in Asia. Shortly after the GBP/USD appreciated up to $1.5458 it depreciated again quickly down to $1.5386. At European market opening the pair reached its intraday high at $1.5481 but the decreased to $1.5405 later on where it is leveling at the time of writing.


Attached Images
 


Share:
 Wikio
Next Analysis: Forex Trading News: GBPUSD At 6 Year Lows
Content Provided by:
iForex
iFOREX is an international group of Forex companies founded in 1996 by a group of bankers and Forex dealers.

In 2004, with an existing wide client base numbering in the thousands, our multilingual internet-based trading platform was launched. Since then, iFOREX has expanded its client bas



Comments
Add a Comment
Please Login to Post a Comment
User Email:
Password:
  Remember Me Register For Free
  Forgot Password | Help
Become a member and get 6 free Forex courses by OTA!
 

 
  • Charts
 

 
  • Survey

When viewing a chart which time-frame do you prefer

1 minute
5 minutes
10 minutes
15 minutes
30 minutes
1 hour

 
ForexPros.com Newsletter
 

 
 

Special Offers: