{"id":13802,"date":"2010-10-07T09:21:14","date_gmt":"2010-10-07T13:21:14","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13802"},"modified":"2010-10-07T09:21:14","modified_gmt":"2010-10-07T13:21:14","slug":"forex-daily-analysis-07-10-2010-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/07\/forex-daily-analysis-07-10-2010-2\/","title":{"rendered":"Forex daily analysis: 07-10-2010"},"content":{"rendered":"<p>Highlights<\/p>\n<p>GBP\/USD<\/p>\n<p>On the short term, the pair still doesn\u2019t follow any direction or trend. The resistance 1.5896 seems to be very strong and the currency succeeds only in testing the resistance without breaking it. Those two signs show a bearish trend, and may indicate an opportunity for a \u201cshort\u201d trade. Today\u2019s anemic candle may indicate the future trend.<\/p>\n<p>GBP\/USD<\/p>\n<p>Daily graph: <a href=\"http:\/\/www.real-forex.com\/charts-daily\/071010\/GBP_DAILY_071010.JP\">http:\/\/www.real-forex.com\/charts-daily\/071010\/GBP_DAILY_071010.JP<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/07-10-2010\/GBP_DAILY_071010small.jpg\" alt=\"gbp-daily\" width=\"384\" height=\"240\" \/><\/p>\n<p>On the short term, the pair still doesn\u2019t follow any direction or trend. The resistance 1.5896 seems to be very strong and the currency succeeds only in testing the resistance without breaking it. Those two signs show a bearish trend, and may indicate an opportunity for a \u201cshort\u201d trade. Today\u2019s anemic candle may indicate the future trend.<\/p>\n<p>One-hour graph: <a href=\"http:\/\/www.real-forex.com\/charts-daily\/071010\/GBP_1H_071010.JPG\">http:\/\/www.real-forex.com\/charts-daily\/071010\/GBP_1H_071010.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/07-10-2010\/GBP_1H_071010small.jpg\" alt=\"gbp-1h\" width=\"384\" height=\"240\" \/><\/p>\n<p>The goal is to identify a descending configuration. Such a thing will happen only once the support level 1.5833 will be broken downward.<\/p>\n<p>Potential trade<\/p>\n<p>If the support is broken, we suggest you the following operation:<\/p>\n<ul>\n<li>\u201cLimit\u201d order on \u201cShort\u201d position in case of 10 pips breach of the support 1.5823 downward.<\/li>\n<li>\u201cStop Loss\u201d order will be placed on the last high occurred \u2013 1.5914.<\/li>\n<li>\u201cTake Profit\u201d : 1.5760<\/li>\n<\/ul>\n<p>The pair is very likely to keep its current movement for an additional session but, in case of change, this is our trading suggestion. Please pay attention to the fact we are talking about short term trade since middle term trend is upward.<br \/>\nUSD\/CAD<\/p>\n<p>Daily graph: <a href=\"http:\/\/www.real-forex.com\/charts-daily\/071010\/CAD_DAILY_071010.JPG\">http:\/\/www.real-forex.com\/charts-daily\/071010\/CAD_DAILY_071010.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/07-10-2010\/CAD_DAILY_071010small.jpg\" alt=\"cad-daily\" width=\"384\" height=\"240\" \/><\/p>\n<p>The pair reached today a very important support at 1.0111.<\/p>\n<p>Currently, the pair is about 20 pips below the support. By the end of today\u2019s session, we\u2019ll confirm a test or a real breach, depending whether the pair is above or below the support.<\/p>\n<p>In case of test, we suggest to trade \u201cLong\u201d with a \u201cTake Profit\u201d at 1.020.<\/p>\n<p>Have a profitable day!<\/p>\n<p>Real Forex Team.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Highlights GBP\/USD On the short term, the pair still doesn\u2019t follow any direction or trend. The resistance 1.5896 seems to be very strong and the currency succeeds only in testing the resistance without breaking it. Those two signs show a bearish trend, and may indicate an opportunity for a \u201cshort\u201d trade. Today\u2019s anemic candle may &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/10\/07\/forex-daily-analysis-07-10-2010-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex daily analysis: 07-10-2010&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13802","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=13802"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13802\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}