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Finotec News Archive - March 03 2010

GBP/USD-market strategy indicates buying levels from the $1.4948

Technical oscillators supporting the bullish trend for the GBP/USD currency pair

Tammy Wally
03 March 2010

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GBP/USD-market strategy indicates buying levels from the $1.4948
Technical oscillators supporting the bullish trend for the currency pair.
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines are in a bullish direction. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. Also, MA oscillators indicate a bullish cross on the short MA line.

GBP-USD 3-3-10

Finotec Analysis Team
03 March 2010

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Real Time Forex Quotes

 Contract Bid Ask Time Change
GBP/USD 1.5702 1.5704 18:40:45 0.01%

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