{"id":65859,"date":"2014-12-30T05:43:43","date_gmt":"2014-12-30T10:43:43","guid":{"rendered":"http:\/\/countingpips.com\/?p=65859"},"modified":"2014-12-30T06:33:39","modified_gmt":"2014-12-30T11:33:39","slug":"gbpusd-forex-technical-analysis-december-30-2014","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/12\/gbpusd-forex-technical-analysis-december-30-2014\/","title":{"rendered":"GBPUSD: Forex Technical Analysis December 30, 2014"},"content":{"rendered":"
December 30, 2014<\/div>
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By IFCMarkets<\/a><\/p>\n

New Year\u2019s bears<\/p>\n

Today the monthly Consumer Confidence index will be released at 16:00 CET in the United States. The index provides a growth estimate of consumer spending. It is based on household survey. The indicator measures labor availability, business conditions, therefore, it is particularly interesting for investors. At that time we expect a volatility momentum on the US currency market. Let\u2019s consider GBP\/USD<\/b> currency pair on the H4 chart. The major D1 trend and the H4 trend are influenced by bears. Parabolic historical values are moving along the trend line, confirming the investor sentiment.<\/p>\n

At the moment Donchian Channel is consolidated: a new momentum is about to appear and retracement is to be completed. There is no contradiction on the part of the RSI-Bars<\/a> oscillator. Moreover, the double bottom pattern was breached (marked in red ellipse) and the last three bars are located below this level. The price mark at 1.54939 can be used for opening a pending sell order. This level is confirmed by Parabolic historical values and the lower Donchian Channel boundary. Please note that this level and the trend line form a triangle with a bearish slope. Stop Loss can be placed at the fractal 1.56108, located above the trend line.<\/p>\n

\"EUR\/USD\"<\/p>\n

After position opening, Stop Loss is to be moved after the Parabolic values, near the next fractal high. Updating is enough to be done every day after a new Bill Williams fractal formation (5 candlesticks). Thus, we are changing the probable profit\/loss ratio to the breakeven point.<\/p>\n

Dear traders, analytical department of IFC Markets is wishing you love, health, professional progress and, of course, successful trading! Happy New Year!<\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

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<\/div>\n\n\n\n\n\n
Position<\/b><\/td>\nSell<\/td>\n<\/tr>\n
Sell stop<\/b><\/td>\nbelow 1.54939<\/td>\n<\/tr>\n
Stop loss<\/b><\/td>\nabove 1.56108<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Dear traders. For the detailed report of the strategy based on analytical issues of technical analysis click here<\/a>.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets New Year\u2019s bears Today the monthly Consumer Confidence index will be released at 16:00 CET in the United States. The index provides a growth estimate of consumer spending. It is based on household survey. The indicator measures labor availability, business conditions, therefore, it is particularly interesting for investors. At that time we expect […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-65859","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/65859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=65859"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/65859\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=65859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=65859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=65859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}