Monday, November 23, 2009

GBP/USD is oversold!

Yesterday Daily Candlestick: Reversal may occur
Divergence: No at Daily Chart
Today Pivot: Lower Pivot line suggesting that this pair is bearish.
EMA 75 at 1 hour: Bear
Breakout at 1 hour: No

GBP/USD is in bearish momentum, but is already oversold in one hour chart suggesting that this pair may have some correction today or in ranging mode.

DDFX Forex System in 1 hour chart:
Fast Trend: Bearish
Medium Trend: Bearish
Major Trend: Bearish
Market Sentiment: Bearish

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