{"id":14262,"date":"2010-10-21T04:10:26","date_gmt":"2010-10-21T08:10:26","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=14262"},"modified":"2010-10-21T04:10:26","modified_gmt":"2010-10-21T08:10:26","slug":"forex-daily-analysis-21-10-2010","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/21\/forex-daily-analysis-21-10-2010\/","title":{"rendered":"Forex daily analysis 21-10-2010"},"content":{"rendered":"<p>GBP\/USD<\/p>\n<p>Daily graph: <a href=\"http:\/\/www.real-forex.com\/charts-daily\/211010\/GBP_DAILY_211010.JPG\">http:\/\/www.real-forex.com\/charts-daily\/211010\/GBP_DAILY_211010.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/21-10-2010\/GBP_DAILY_211010.jpg\" alt=\"GBP\/USD daily\" width=\"314\" height=\"196\" \/><\/p>\n<p>3 sessions after a vain breach due to reversal candle on a daily graph, the pair started to decrease very sharply and intensively. Until now, a technical correction of exactly 50% occurred. Since the different candles are very strong, the bearish trend should continue, creating opportunities for \u201cShort\u201d trades.<\/p>\n<p>Our prognostics may be confirmed by the identification of a decreasing configuration on a one-hour graph.<\/p>\n<p>Notification: If a hammer appears, it could be possible to start the transaction immediately but, it is always better being careful and wait for the configuration to occur.<\/p>\n<p>Potential trade<\/p>\n<p>One-hour Graph: <a href=\"http:\/\/www.real-forex.com\/charts-daily\/211010\/GBP_1H_211010.JPG\">http:\/\/www.real-forex.com\/charts-daily\/211010\/GBP_1H_211010.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/21-10-2010\/GBP_1H_211010.jpg\" alt=\"GBP\/USD 1H\" width=\"314\" height=\"196\" \/><\/p>\n<p>The required configuration did not appear for the moment. If the resistance of 1.5881 is crossed upward, it could be better not to enter the transaction. Trade suggestion:<\/p>\n<ul>\n<li>The \u201cStop Loss\u201d should be placed at 1.5881.<\/li>\n<li>\u201cLimit Order\u201d 10 pips below the closest support.<\/li>\n<\/ul>\n<p>USD\/CAD<\/p>\n<p>Daily graph: \u00a0<a href=\"http:\/\/www.real-forex.com\/charts-daily\/211010\/CAD_DAILY_211010.JPG\">http:\/\/www.real-forex.com\/charts-daily\/211010\/CAD_DAILY_211010.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/21-10-2010\/CAD_DAILY_211010.jpg\" alt=\"USD\/CAD daily\" width=\"314\" height=\"196\" \/><\/p>\n<p>The bullish power is strengthened by the long candle from two sessions ago. This candle reached the resistance zone around 1.0376 GBP.<\/p>\n<p>33% of the uptrend started a few sessions ago has been corrected during yesterday\u2019s session. This classical case of correction suggests a high probability for the preceding trend to be renewed. Therefore, our analysts estimate that the pair may reach the following resistance at 1.0513.<\/p>\n<p>This estimation should be confirmed if an increasing configuration is created on a one-hour graph.<\/p>\n<p>Have a profitable day!<\/p>\n<p><a href=\"http:\/\/www.real-forex.com\">Real-Forex team.\u00a0<img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/164x30.jpg\" alt=\"logo\" width=\"164\" height=\"30\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>3 sessions after a vain breach due to reversal candle on a daily graph, the pair started to decrease very sharply and intensively. Until now, a technical correction of exactly 50% occurred. Since the different candles are very strong, the bearish trend should continue, creating opportunities for \u201cShort\u201d trades.<\/p>\n<p>Our prognostics may be confirmed by the identification of a decreasing configuration on a one-hour graph.<\/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-14262","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14262","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=14262"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14262\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=14262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=14262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=14262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}