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GBP/USD - The daily trend is bearish but correction expected
By: Finotec - 10-12-2007
0votesBrake of the resistance level 2.0405 will be a good buying signal.
Technical oscillators that supporting a bullish correction are:
MACD moving averages bellow the zero line but pointing upwards after a bullish crossover.
RSI stands at 56.13% and pointing up to over bought area.
Moving averages of 10 and 20 days, after a bullish cross of shorter line.
Next Analysis: USD/CHF - The target is 1.1450 at previous resitance levelContent Provided by:
Finotec
Derivative and forex trading broker Finotec is a division of leading real-time Internet trading company Finotec Trading Inc, which pioneered the world of online forex trading in 1998. After launching our revolutionary forex online trading platform in 2001, we continued to improve our services and no
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