Forex trading Sentiment & Quantity Analysis - GBP/USD - Page 2
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Thread: Forex trading Sentiment & Quantity Analysis - GBP/USD

  1. #1
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    Lightbulb Forex trading Sentiment & Quantity Analysis - GBP/USD

    Talking Factors:
    GBPUSD has been around a very strong downtrend
    Falling costs coincide with above average quantity
    GBPUSD SSI is at +1.5, usually bearish signal

    Since last summer season, the British Pound has been in a totally free fall against the United States $. For those following the pair, solutions its price currently rests at multi-year lows. It has spurred many traders to look directly into buying the GBP “cheap” and then awaiting it to rebound before taking revenue.

    However, after examining this pair using retail belief and trading volume, I am not confident that now is the best time to purchase the GBPUSD. Today, we will look at the two of these tools in reference to the GBPUSD to give people an idea on where this pair could be headed later on.

    Retail Sentiment is obtained using DailyFX Plus’ Speculative Sentiment Catalog. It is free for real FXCM customers, but is also free for anyone utilizing a two week trial: DailyFX Plus Demo.

    Retail Volume can be obtained on FXCM’s Trading Station Pc platform. This free software offered here and a free demo login can be acquired right here. Real Volume is a default signal that can be added to your charts.
    Attachment 12342

    Reference: http://www.ekap.biz/2015/03/forex-tr...-quantity.html

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    [lang=ar]yes you are right this time is not the best time to buy the gpb usd but it is very near to establish a new bullish trend in the few days which are coming so you should look at what the price action , if you study the fundamentals of the market then you can follow the economical indicators of the market[/lang]

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    Quote Originally Posted by zank haidar View Post
    on Wednesday we are waiting for a lot of fundamental news. In this case, it is now difficult to assume further movement of prices, and guessing in a coffee place is a meaningless job. Given that prices are mainly on Monday-Tuesday picking direction, it can be assumed that today or tomorrow the level of 1.3910 can be achieved from where it will all begin. If this happens, then I tend to assume that the north is waiting for us with the target 1.4270
    I do not think so that the movement in the market is based on the news but this is the market sentiment which move the market and when someone place the order then the opponent tends to move the direction to him self so then we can see movement in up or down direction and in current scenario we may see that most of the buyers place their orders in buy position

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  4. #13
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    Quote Originally Posted by AmrHesham View Post
    [lang=ar]yes you are right this time is not the best time to buy the gpb usd but it is very near to establish a new bullish trend in the few days which are coming so you should look at what the price action , if you study the fundamentals of the market then you can follow the economical indicators of the market[/lang]

    The gbp usd is going on a bearish trend for the next session . The pair is around the daily support level of 1.3320 , and might go for a down trend on this session and for the coming 2 sessions until it reached or goes near the daily resistance of 1.3290 . The SL should be set around the 1.3370 level and the TP around the 1.3396 level .

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