GBP/USD Weekly by Willy - Moved

[willyw]

Hi members, I have started a new thread for techncial analysis -

My new thread for my technical analysis is https://forums.thatsucks....nical-Analysis



GBP/USD WEEKLY as of Monday, 11 March, 2013
The present wave patterns are:
fast amplitude (8%): bullish wave 2
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern!
British Pound / US Dollar is long term Bearish as the 144 days moving average of 1.60 is decreasing. The Relative Strength Index is at 24.55 in the oversold territory. The Relative Momentum Index is at 26.15 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.06, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 0.00. This value is in the oversold territory.

GBP/USD DAILY as of Monday, 11 March, 2013
British Pound / US Dollar is long term Bearish as the 144 days moving average of 1.58 is decreasing. The Relative Strength Index is at 26.60 in the oversold territory. The Relative Momentum Index is at 7.32 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.04, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 55.01. This value is in the neutral territory.
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern! It should be used with other indicators.

[uj.forex]

a/c to my analysis... it is destined to go 1.43 level now.... i made and posted my analysis about 1.5200 level when it was at 1.5890 level... let's see if it proves my analysis as right or not..

[willyw]

GBP/USD DAILY as of Wednesday, 13 March, 2013
A Daily black body has formed (because prices closed lower than they opened).
For the past 10 Daily candlestick bars as of 12/03/13, there are 5 white candles versus 5 black candles.
For the past 50 Daily candlestick bars as of 12/03/13, there are 21 white candles versus 29 black candles with a net of 8 black candles.
A Daily long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).A Daily spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.Three Daily black candles has formed during the last three Daily bars. Although these candles were not big enough to create three Daily black crows, the steady downward pattern is bearish.
British Pound / US Dollar is long term Bearish as the 144 days moving average of 1.58 is decreasing. The Relative Strength Index is at 25.82 in the oversold territory. The Relative Momentum Index is at 6.25 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.04, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 30.60. This value is in the neutral territory.
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern!

[Peter Green]

GBP/USD pair is heading north today! I think we are probably just at the beginning of a big correction of the whole decline from 1.63 to 1.48. That mean we will see in a near future at least 1.53-1.55 levels in my opinion. This could make us some good profits if we buy weekly or monthly calls!

[marvel]

70 pips in one hour - good momentum! The Pound/Dollar broke the 1.50 level and its way north is free now. I think you are right Peter and we will see much higher levels next few weeks.

[Peter Green]

The GBP/USD impulse continues to 1.5160. If there is no political event to trigger again bears we will see for sure 1.53 next week. I have a weekly call on that

[willyw]

GBP/USD WEEKLY as of Monday, 11 March, 2013
A Weekly white body has formed (because prices closed higher than they opened).
For the past 10 Weekly candlestick bars as of 15/03/2013, there are 3 white candles versus 7 black candles with a net of 4 black candles.
For the past 50 Weekly candlestick bars as of 15/03/2013, there are 23 white candles versus 27 black candles with a net of 4 black candles.
A Weekly engulfing bullish line has formed (where a white candle's real body completely contains the previous black candle's real body). The engulfing bullish pattern is bullish during a downtrend(which appears to be the case with British Pound / US Dollar). It then signifies that the momentum may be shifting from the bears to the bulls.
If the engulfing bullish pattern occurs during an uptrend, it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.
Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern! It should be used with other indicators.
The present wave patterns are:
fast amplitude (8%): bullish wave 2
British Pound / US Dollar is long term Bearish as the 144 days moving average of 1.59 is decreasing. The Relative Strength Index is at 32.55 in the neutral territory. The Relative Momentum Index is at 23.49 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.06, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 9.57. This value is in the oversold territory.

[willyw]

GBP/JPY DAILY as of Monday, 25 March, 2013
A Daily black body has formed (because prices closed lower than they opened).
For the past 10 Daily candlestick bars as of 22/03/2013, there are 5 white candles versus 5 black candles.
For the past 50 Daily candlestick bars as of 22/03/2013, there are 22 white candles versus 28 black candles with a net of 6 black candles.
A Daily spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
British Pound / Japanese Yen is long term Bullish as the 144 days moving average of 136.84 is increasing. The Relative Strength Index is at 53.90 in the neutral territory. The Relative Momentum Index is at 60.71 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.89, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 47.19. This value is in the neutral territory.

[uj.forex]

it's still in bullish zone as long as it remains above 1.5143 level....long-term target 1.5350 and 1.5395....

[M.J]

gbp/usd will be more likely bearish this week. UK GDP is expected to drop as compared to Q3. If it drops, which is highly likely, gbp will be under pressure once again and it will be clearly reflected in gbp/usd.