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The cable shy try to fix its its oversold stance has been limited by 1.4361

Discussion in 'Current Market Sentiments' started by fx-recommends, Jan 26, 2016.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
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    GBPUSD Daily 26-01-2016 06-18-37 ص.jpg
    After rebounding from 1.4078 to 1.4361, The cable came again under pressure to retreat for trading currently near 1.4225.

    The cable rebound made its daily Parabolic SAR (step 0.02, maximum 0.2) below the trading rate for the third consecutive day reading today 1.4084.

    The cable daily RSI-14 is still into its oversold area below 30 reading now 25.911, while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in neutral region reading 59.320 and also its signal line which is reading now 51.600, after a shy try to fix its oversold stance has been limited by reaching 1.4361.

    Important levels: Daily SMA50 @ 1.4814, Daily SMA100 @ 1.5065 and Daily SMA200 @ 1.5285


    S1: 1.4078
    S2: 1.40
    S3: 1.3844
    R1: 1.4338
    R2: 1.4474
    R3: 1.4643

    Have a good day

    Walid Salah El din
    Senior Market Analyst
    Skype : chief.economist.walid

    Tel: UK. +44 1138590277
    Mob: EGY. +20 1224659143

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