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.

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EUR/GBP Analysis

By:   Saxo Bank
  • 20-08-2008
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The analysis suggests a direct rise.

Analysis name : Euro-Sterling
Last close :
  • 0.78840
  • 0.79200
Last status id : in_progress
Last status text : In progress.
Current date : 2008-08-20 06:05:06
Current title : Direct rise.
Current directionnal id : up
Current directionnal text : Bullish
Current reward id : excellent
Current reward text : Excellent
Current abstract text : The analysis suggests a direct rise.
Current strategy text : We buy.
Current scenario preference : Buy at 0.7903 to play 0.7951. Close the trade whenever 0.7889 is penetrated.
  • Signal :0.7903
  • Conf. :0
  • Target :0.7951
  • Stop :0.7889

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Next Analysis: USD/CHF Analysis
Content 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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