Wednesday, 10 November 2010

China and Great Britain strengthen trade ties

GBPUSD currency rateMarket Leader informed

David Cameron and other members of the British government have been on an official visit to China, aimed at signing up a series of trade agreements.
Other issues, including the human rights, have been discussed as well.

Meanwhile, the GBP currency rate keeps on devaluing. GBPUSD is shaping a bearish wave a(C ) or C of level H4. According to the Department of studying Masterforex-V trading system , the downward movement is likely to continue.

Today’s significant news releases (Nov 10th - GMT):
10:30     GB - Bank of England Quarterly Inflation Report
13:30     US - Jobless claims, Import Price Index, Trade Balance
15:30     US - Crude Oil Inventories
19:00     US - Monthly Budget Statement

 

 

 

 

 

Support/Resistance levels:

1,6292 — MF pivot
1.6184 — MF pivot
1,5973 — the current price
1,5950 — the peak of one of the subwaves inside  a( C)\C h4 + 150% A h4;
1,5922 — Oanda’s orders + 162% A h4;
1,589 — Oanda’s orders + 62% d1 + 176% A h4.

 

 

You are free to discuss this article here:   forum for traders and investors

1 comment:

Blogger said...

Hey Ya'll,

Below is a list of the highest ranking FOREX brokers:
1. Most Recommended Forex Broker
2. eToro - $50 minimum deposit.

Here is a list of top forex instruments:
1. ForexTrendy - Recommended Probability Software.
2. EA Builder - Custom Strategies Autotrading.
3. Fast FX Profit - Secret Forex Strategy.

Hopefully these lists are benificial to you.