Go Back   Forex Forum | Forex Trading Forums > Forex Trading Post > Technical Analysis

Technical Analysis Discuss the merits and downfalls of using technical data methods to assist trading

Reply
 
LinkBack Thread Tools Display Modes
Old 06-20-2008, 02:46 PM   #1 (permalink)
Junior Member
 
Join Date: Jun 2008
Posts: 14
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0 DannyBly is on a distinguished road
Default GBP/USD Technical Levels (Daily)

It's an attractive technical chart as I type this - GBP/USD pressed against resistance of the major down trendline and 200 SMA. On the daily chart the oscillators are bullish across the board and we are trading above the daily pivot of 1.9684. If the aforementioned downtrendline/SMA resistance can be violated I would expect the 50% retracement level of 1.9872 to come into play.





Last edited by bubblehead; 09-04-2008 at 11:04 AM.
DannyBly is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Forex Brokers


All times are GMT. The time now is 01:07 AM.