2013.11.12 | GBPUSD Market Analysis
GBPUSD Trends & Fibonacci Retracement Levels
The GBPUSD currency pair has been falling fast in forex market trading today with the GBPUSD registering a high of 1.59908 and a low of 1.58534 so far on the day. Trends data shows the pair is currently in a short-term downtrend as prices are trading under our favored short-term moving average of 21 periods. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels, this pair continues to be in an uptrend although with prices declining outside the channels, we have to watch for a possible change in trend.
GBPUSD Trends Data: Linear Regression Indicator
10-day current trend is BEARISH / Trend strength of -66.2 pips
30-day current trend is BEARISH / Trend strength of -95.0 pips
60-day current trend is BULLISH / Trend strength of 571.2 pips
90-day current trend is BULLISH / Trend strength of 1118.0 pips
180-day current trend is BULLISH / Trend strength of 1020.5 pips
Fibonacci Retracement Levels over last 100 Days
— 0.000 – 1.62592
— 0.236 – 1.59178
— 0.382 – 1.57065
— 0.500 – 1.55358
— 0.618 – 1.53651
— 0.764 – 1.51538
— 1.000 – 1.48124
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
