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Fundamental Analysis
Daily Forex market overviews by MasterForex
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[QUOTE="MasterForex Broker, post: 29422, member: 16067"] [b]Trend analysis of the GBPUSD for 12/06/15[/b] GBPUSD On the 4-hour chart: [img]http://admin.masterforex.org/useruploads/images/15.06_t_gu4.gif[/img] The pair remains to fluctuate higher the support line 1. However the price had decreased to the support line 1 during the consolidation between the line and the resistance level 1.5575. The growth restricts by the resistance line 2. The Moving Averages determined the flat dynamics with the possibility of the growth. On the 1-hour chart: [img]http://admin.masterforex.org/useruploads/images/15.06_t_gu1.gif[/img] The price had lowered to the support level 1.5484 yesterday. The growth had continued after the rebound from the level. The day had started with the decrease. The price had reached the support level for the second time, however, it had been formed the tendency of the recoil higher the line 1. The Moving Averages show the weak growing tendency. If the resistance level could not be broken in the near future the flat will develop. On the 15-minute chart: [img]http://admin.masterforex.org/useruploads/images/15.06_t_gu15.gif[/img] The pair had started the day near the local high and not far from the resistance level 1.5575. After that it had started the decrease, that had fastened in the last hours. As a result, the price had touched the support level 1.5484 and that rebounded to the line 1. The pair rebounded from the line and confirmed it as a resistance. If present dynamics could remain, the line 1 will be confirmed as a resistance on the other time-frames. It expects the end of the flat between the support and resistance levels. If the resistance level could be broken, traders will reach the good entering point for the long positions. [/QUOTE]
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