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Spread Betting Analysis on GBP/USD |
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Spread Betting Analysis on GBP/USD
For the latest technical analysis see GBP/USD Spread Betting Analysis.
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14 October 2011 update - GBP/USD closed higher on Thursday. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI remain bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off last Thursday's low, the 50% retracement level of the August-October decline crossing at is the next upside target. Closes below the 10-day moving average crossing at would temper the near-term friendly outlook.
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13 October 2011 update - GBP/USD closed higher on Wednesday as it extends the rally off last Thursday's low. The high-range close sets the stage for a steady-to-higher opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off last Thursday's low, the 50% retracement level of the August-October decline crossing at is the next upside target. Closes below the 10-day moving average crossing at would temper the near-term friendly outlook.
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12 October 2011 update - GBP/USD closed lower on Tuesday and the low-range close sets the stage for a steady-to-lower opening on Wednesday. Stochastics and the RSI remain neutral-to-bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off August's high, the 87% retracement level of the 2010-2011-rally crossing is the next downside target.
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11 October 2011 update - GBP/USD closed higher on Monday. The high-range close sets the stage for a steady-to-higher opening on Tuesday. Stochastics and the RSI remain neutral-to-bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off August's high, the 87% retracement level of the 2010-2011-rally crossing is the next downside target.
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10 October 2011 update - GBP/USD closed higher on Friday as it rebounded off Thursday's low. The mid-range close sets the stage for a steady-to-higher opening on Monday. Stochastics and the RSI are turning neutral-to-bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off August's high, the 87% retracement level of the 2010-2011-rally crossing is the next downside target.
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07 October 2011 update - GBP/USD closed lower on Thursday as it consolidates some of the rally off September's low. The high-range close sets the stage for a steady-to-higher opening on Friday. Stochastics and the RSI are bearish signalling that sideways-to-lower prices are possible near-term. If it renews the decline off August's high, the 87% retracement level of the 2010-2011-rally crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted.
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06 October 2011 update - GBP/USD closed higher on Wednesday and above the 20-day moving average crossing confirming that a short-term low has been posted. The high-range close sets the stage for a steady-to-higher opening on Thursday. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off last week's low, September's high crossing is the next upside target. If it renews the decline off September's high, the 50% retracement level of the December-March rally crossing is the next downside target.
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05 October 2011 update - GBP/USD closed lower on Tuesday and the low-range close sets the stage for a steady-to-lower opening on Wednesday. Stochastics and the RSI remain bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off last week's low, March's high crossing is the next upside target. If it renews the decline off March's high, the 50% retracement level of the December-March rally crossing is the next downside target.
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04 October 2011 update - GBP/USD closed lower on Monday and the low-range close sets the stage for a steady-to-lower opening on Tuesday. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off last week's low, March's high crossing is the next upside target. If it renews the decline off March's high, the 50% retracement level of the December-March rally crossing is the next downside target.
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03 October 2011 update - GBP/USD closed higher on Friday and above the 20-day moving average crossing confirming that a short-term low has been posted. The high-range close sets the stage for a steady-to-higher opening on Monday. Stochastics and the RSI are bullish signalling that sideways-to-higher prices are possible near-term. If it extends the rally off last week's low, March's high crossing is the next upside target. If it renews the decline off March's high, the 50% retracement level of the December-March rally crossing is the next downside target.
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With financial spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital. Please familiarise yourself with the risks that are involved and before trading, ensure that financial spread betting matches your investment objectives. Seek independent advice where necessary.
Spread Betting Analysis on GBP/USD - edited by PipTrade, 14 October 2011.
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With spread betting you can lose more than your original stake or investment. Spread betting carries a high level of risk to your capital so please familiarise yourself with the risks that are involved and, before trading, ensure that spread betting matches your investment objectives. Seek independent advice where necessary.
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* Based on current UK tax law. Tax law may change and can differ depending on your personal circumstances.
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