Tuesday, November 24, 2009

GBP/USD analysis on 24 Nov 09

Yesterday Daily Candlestick: Long Bull candle
Divergence: No at Daily Chart
Today Pivot: Upper Pivot line suggesting that this pair is bull.
EMA 75 at 1 hour: Bear
Breakout at 1 hour: No

GBP/USD is in bearish momentum in 1 hour chart, but is it already oversold in daily chart, suggesting that this pair may reverse.

DDFX Forex System in 1 hour chart:Mix Signal
Fast Trend: Bearish
Medium Trend: Bearish
Major Trend: Bullish
Market Sentiment: Ranging

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