This last day of the trading session say Sterling fall hitting a low of, 1.6060 near the end of this week trading. The bearish trend Sterling has been experiencing this week is due to Geo-political Events coming out of the, E.U. and a large number of fundamental release after, B.O.E.'s interest rate decision that came out on, Thursday basically it was all bearish after that.
Sterling did a a couple of strong Counter-trend bull moves this week, on the 7Th, 9Th, and 10Th, but for the most part it was a bearish week...
Daily technical s' for Sterling going in Sundays open thru Monday session:
Support for a bullish Sterling is, 1.6091 (closed at 1.6072) the next resistance level for a bullish Sterling to break is, 1.6122 if trend continues bullish the next level to reach will be, 1.6141 and finally a strong bullish Sterling hits a hit of, 1.6170 and higher in the first day of the trading week.
If Sterling doesn't find bullish support at, 1.6091 the next level will be, 1.6060 if this doesn't hold
the next support level is, 1.6041 if bearish volume continues the final support level is, 1.6012 before bullish volume returns for Sterling.
Weekly technical s' for Sterling going into week ending 05/18/2012
Support for bullish Sterling for the week is, 1.6111 (closed at 1.6072) the next resistance level for a bullish Sterling to break is, 1.6162 if bullish volume continues the next resistance level the break this week will be, 1.6195 and a strong bull hits and exceeds, 1.6244 this week!
If Sterling doesn't find support at 1.6111 the next level of support is, 1.6058 if Sterling continues to bear support is at, 1.6025 and finally the last support level is, 1.5976 before Sterling recovers with bullish volume for the week.
It seems that Sterling has been having a technical issues breaking the resistance of a, 200 M.A. that's floating around, 1.6285 on the W1 time frame (Weekly). For over a year now Sterling has a difficult time with this bullish resistance level... Once this resistance is broken and finds support we'll have a high probability it will be another bull run!!
Check your economic calendar
Trade with the trade
Have a great day!
www.speedtrader24.com.597011
www.createspace.com/3597011
Email: idominatefx@gmail.com
Catch use on facebook.
Sterling did a a couple of strong Counter-trend bull moves this week, on the 7Th, 9Th, and 10Th, but for the most part it was a bearish week...
Daily technical s' for Sterling going in Sundays open thru Monday session:
Support for a bullish Sterling is, 1.6091 (closed at 1.6072) the next resistance level for a bullish Sterling to break is, 1.6122 if trend continues bullish the next level to reach will be, 1.6141 and finally a strong bullish Sterling hits a hit of, 1.6170 and higher in the first day of the trading week.
If Sterling doesn't find bullish support at, 1.6091 the next level will be, 1.6060 if this doesn't hold
the next support level is, 1.6041 if bearish volume continues the final support level is, 1.6012 before bullish volume returns for Sterling.
Weekly technical s' for Sterling going into week ending 05/18/2012
Support for bullish Sterling for the week is, 1.6111 (closed at 1.6072) the next resistance level for a bullish Sterling to break is, 1.6162 if bullish volume continues the next resistance level the break this week will be, 1.6195 and a strong bull hits and exceeds, 1.6244 this week!
If Sterling doesn't find support at 1.6111 the next level of support is, 1.6058 if Sterling continues to bear support is at, 1.6025 and finally the last support level is, 1.5976 before Sterling recovers with bullish volume for the week.
It seems that Sterling has been having a technical issues breaking the resistance of a, 200 M.A. that's floating around, 1.6285 on the W1 time frame (Weekly). For over a year now Sterling has a difficult time with this bullish resistance level... Once this resistance is broken and finds support we'll have a high probability it will be another bull run!!
Check your economic calendar
Trade with the trade
Have a great day!
www.speedtrader24.com.597011
www.createspace.com/3597011
Email: idominatefx@gmail.com
Catch use on facebook.
No comments:
Post a Comment