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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.Technical
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GBP/USD Analysis
By: Saxo Bank - 22-08-2008
0votesA limited bounce should reach a resistance. Afterwards the outlook is bearish.
Analysis name : CableLast close :- 1.86130
- 1.87770
Last status id : stoppedLast status text : Invalidated. Trade oCurrent date : 2008-08-22 06:22:27Current title : Small bounce before drop.Current directionnal id : up_downCurrent directionnal text : BearishCurrent reward id : excellentCurrent reward text : ExcellentCurrent abstract text : A limited bounce should reach a resistance. Afterwards the outlook is bearish.Current strategy text : We will wait for the bounce to go short.Current scenario preference : Sell at 1.8857 to play 1.8529. Close the trade whenever 1.8904 is bypassed.- Signal :1.8857
- Conf. :0
- Target :1.8529
- Stop :1.8904
Next Analysis: EUR/JPY AnalysisContent Provided by:
Saxo Bank
Company Description: Founded in 1992, Saxo Bank officially attained European bank status in June 2001 and has rapidly risen to become a strong presence in online trading over the Internet. Saxo Bank is based in Copenhagen, Denmark and was founded by joint CEOs Lars Christensen and Kim Fournais.
DISCLAIMER:
Saxo Bank A/S shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by Saxo Bank that clients will profit from the strategies herein or that losses in connection therewith can or will be limited. Trades in accordance with the recommendations in an analysis, especially leveraged investments such as foreign exchange trading and investment in derivatives, can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated.
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