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Forexpros Daily Analysis - 22/11/2010
ForexPros Daily Analysis
November 22, 2010
Free webinar on ForexPros - How to
trade during volatile markets
Expert: Nour Eldeen M.
Start: Tue, Nov 30, 2010, 10:00 ET
End: Tue, Nov 30, 2010,
In this webinar we are going to give you some simple strategies
and indicators which can help daily traders to profit from volatile markets. And
we will talk about VIX chart and how it is an indicator for USDX bullish
patterns Click here to join free
1) Forex Trading Signal For
Forex Trend Analysis
The trend for GBPUSD
this week seems to be bullish (UP)
The price continues to
make higher high which is a sign that the trend is moving up recently. There is
a chance that the price will hit the 1.7700 level to fulfil its Gartley pattern
The price forms a symmetrical triangle
on this time frame. As the trend is up, there is a high chance that the price
will break above the triangle.
4 Hourly Chart
On the 4
hour chart, the price continues to move within a trend channel which is a sign
of consolidation after a period of upmove.
I will look for LONG trade once the price breaks above the
trend channel on the 4 hour chart or triangle on the daily
Forex Trading analysis written by Kelvin Lee for
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Futures and Options on Futures and Cash Forex
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may lose all or
more of your initial investment. Opinions, market data, and
are subject to change at any time.
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