Analysis of GBP/USD , for 24-10-2012 By Taqi Niaxee
Our Preference: LONG positions above 1.599 with 1.6011 & 1.6072 in sight.
Alternative scenario: The downside penetration of 1.5917 will call for 1.5852
Comment: the pair is facing a pull back on its new support.
Alternative scenario: The downside penetration of 1.5917 will call for 1.5852
Comment: the pair is facing a pull back on its new support.
Overall Position : 16% Sell
Forex Quote as of Sunday, Oct 24, 2012
| High | 1.59532 | Low | 1.59351 |
|
52Wk High
1.63066
Since 09/21/12 (-2.23%) |
52Wk Low
1.52347
Since 01/13/12 (+4.65%) |
||
| Open | 1.59503 | Prev Close | 1.59509 |
| Volume | 51,747 | Avg Volume | 940,339 |
| Weighted Alpha | -0.19 | Standard Dev | -0.13 |
| 20-Day Average 1.60714 | 100-Day Average 1.58095 | ||
| 14-Day Rel Strength 40.14% | 14-Day Stochastic 10.09% | ||
| Trend Spotter | Sell | Trend Strength | Average |
Idea Support and Resistance Prices
| 2nd Resistance Point | 
|
1.60722 |
| 1st Resistance Point | 1.60116 | |
| 1st Support Level | 1.59017 | |
| 2nd Support Level | 1.58524 |
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