Middle East Financial Investment

New to site?

Login

Lost password? (X)

Already have an account?

Signup

(X)
Farooq

Technical Analysis – GBPUSD _ 28-02-2019

HomeTechnical AnalysisTechnical Analysis – GBPUSD _ 28-02-2019
28
Feb
Technical Analysis – GBPUSD _ 28-02-2019

Break the resistance 1.3210 (25/01/2019 high) push the pair strongly to face the resistance 1.3340 during yesterday’s trading, which is currently rebounding after losing momentum due to the saturation condition indicated by Stochastic and RSI … The pair may retreat in an attempt to test Support 1.3210 and gather enough bullish momentum to face the resistance 1.3340 again as the first target, then 1.3480 as the second target and 61.8% for the general descending wave around 1.3630 as the third target.
A breach of 1.3100 support might be enough to derail the upside scenario, and the pair could then retest to test support 1.2990 as first target and support 1.2880 as a second target at least

Tags:
Related Posts
Technical Analysis – XAUUSD _ 16-09-2019
September 16, 2019
Technical Analysis – AUDUSD _ 08-04-2019
April 8, 2019
Technical Analysis – USDCAD _ 08-04-2019
April 8, 2019
Scotland,United Kingdom

House of Sher Shopping Mall, 211 Wallace Street, Glasgow, G5 8NT, Scotland, United Kingdom Registration number SC770401

Phone : +49 1522 4063618

info@me-fi.net

Germany Hamburg

Hoheluftchaussee 30 / 20253 Hamburg

Phone : +44 1414 590321

info@me-fi.net

ِA Disclaimer :
The company does not accept clients from Turkey. Information on this site is not directed at residents in any country (USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Iran, Syria, Sudan, and Cuba) or jurisdiction where such distribution or use would be contrary to local law or regulation.
ATTENTION

This website includes information about the services and products provided by Middle East Company. The material presented on it is for information purposes only and the information contained herein does not constitute a solicitation for the purpose of selling or buying any commodity, shares, or investment, and it should not be a basis for any investment decision. The Middle East does not guarantee the accuracy or completeness of any information or analysis provided, and is not liable to any customer or any third party for the accuracy of the information or any prices provided through this service to the customer, nor is it responsible for inaccuracies, delays or Errors or interruptions in this service, and therefore we are not responsible for any direct or indirect damages resulting from inaccuracies, delays, errors, interruptions, or non-continuity of the service. The Middle East assumes no responsibility for the contents of other websites whether or not linked to this website, or for any consequences arising from your act upon the content of another website.

Risk Warning :
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Copyrights © 2016 - Design by Middle East Financial Investment

Middle East Financial Investment