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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
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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
substantial risk of loss and may not be suitable for
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more of your initial investment. Opinions, market data, and
are subject to change at any time.
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