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Forex Trading Signals: GBPUSD, GBPCAD, EURGBP, GBPAUD, EURUSD

Forex Trading Signals: The British Pound (GBP) against other Majors and EURUSD

In this TCI analysis we are going to investigate the British Pound (GBP) against other major currencies. The British Pound has proved a great performer lately against all majors. But before presenting the current TCI results we are going to evaluate our previous TCI signal on EURUSD.

In our previous TCI trading signal we have forecasted an EURUSD upward trend. More specifically we have stated “Based on TCI results, EURUSD is basically trading in oversold levels and it will probably correct upwards early in the week ahead”.

By that time EURUSD was trading 1.34864. Today EURUSD is found at 1.36929, and the TCI signal has been confirmed. Below you may find information about what TCI forecasts EURUSD for the next weeks.

» Find the full EURUSD trading Signal here

The British Pound against Forex Majors

As mentioned before, the British Pound has proved a great performer lately, but that good GBP performance has been achieved very fast and consequently the British Pound may be considered as technically overbought. The most probable scenario is that GBP will face a short-term correction, but be aware that the British Pound against the US Dollar is found today in a very important resistance level. If GBP proves capable of overcoming that resistance then we may witness a strong trend continuation. Let’s see what happens next as concerns GBPUSD, EURGBP, GBPCAD, GBPAUD and EURUSD using the TradingCenter Indicator (TCI).

GBPUSD –The British Pound against the US Dollar

Currently1.67463 

TCI Forecast: POSSIBLE CORRECTING DOWNTREND / THEN CONTINUATION 

The following table consist the TCI results as concerns GBPUSD for the following calendar month.

Date Close Change (%) High Low Volatility TCI
2014.02.03 1.63074 -0.77% 1.64402 1.62894 0.9% -0.83%
2014.02.04 1.63241 0.10% 1.63438 1.6256 0.5% -0.50%
2014.02.05 1.63083 -0.10% 1.63404 1.62515 0.5% -0.31%
2014.02.06 1.63211 0.08% 1.6348 1.62721 0.5% -0.53%
2014.02.07 1.64057 0.52% 1.64173 1.62994 0.7% 0.39%
2014.02.10 1.64022 -0.02% 1.6427 1.63827 0.3% 0.56%
2014.02.11 1.64468 0.27% 1.64868 1.63915 0.6% 0.97%
2014.02.12 1.65951 0.90% 1.6599 1.64253 1.1% 2.66%
2014.02.13 1.66561 0.37% 1.66728 1.65907 0.5% 3.18%
2014.02.14 1.67463 0.54% 1.6755 1.66437 0.7% 3.78%
(+1 Trading Days) February, Monday 17th +POSSIBLE DOWNTREND+ 3.53%
(+2 Trading Days) February, 18th 3.18%
(+3 Trading Days) February,19th 3.17%
(+4 Trading Days) February, 20th 3.13%
(+5 Trading Days) February, 21st 2.73%
(+6 Trading Days) February, Monday, 24th 2.97%
(+7 Trading Days) February, 25th 2.50%
(+8 Trading Days) February, 26th 2.22%
(+9 Trading Days) February, 27th 2.17%
(+10 Trading Days) February, 28th 2.58%
(+11 Trading Days) March, Monday 3nd 2.31%
(+12 Trading Days) March 4th 2.70%
(+13 Trading Days) March 5th 2.54%
(+14 Trading Days) March 6th 2.30%
(+15 Trading Days) March 7th 2.23%
(+16 Trading Days) March Monday 10th 1.84%
(+17 Trading Days) March 11th 1.50%
(+18 Trading Days) March 12th 1.18%
(+19 Trading Days) March 13th 1.42%
(+20 Trading Days) March 14th 0.92%

EURGBP The Euro against the British Pound

Currently: 0.81753

TCI Forecast: POSSIBLE UPWARD CORRECTION

The following table consist the TCI results as concerns EURGBP for the following calendar month.

Date Close Change (%) High Low Volatility TCI
2014.02.03 0.82946 1.09% 0.83012 0.82018 1.2% -0.53%
2014.02.04 0.8279- -0.19% 0.83259 0.82653 0.7% -1.28%
2014.02.05 0.82968 0.22% 0.83329 0.82654 0.8% -1.10%
2014.02.06 0.83252 0.34% 0.83493 0.82795 0.8% 0.60%
2014.02.07 0.8309- -0.19% 0.83308 0.82877 0.5% 0.50%
2014.02.10 0.83173 0.10% 0.83257 0.82951 0.4% 0.16%
2014.02.11 0.82904 -0.32% 0.83364 0.82854 0.6% -0.77%
2014.02.12 0.81899 -1.21% 0.82993 0.81892 1.3% -2.93%
2014.02.13 0.8212- 0.27% 0.82261 0.81794 0.6% -2.47%
2014.02.14 0.81753 -0.45% 0.82268 0.81744 0.6% -3.13%
(+1 Trading Days) February, Monday 17th +UPTREND CORRECTION+ -2.94%
(+2 Trading Days) February, 18th -2.44%
(+3 Trading Days) February,19th -1.95%
(+4 Trading Days) February, 20th -1.78%
(+5 Trading Days) February, 21st -1.92%
(+6 Trading Days) February, Monday, 24th -2.02%
(+7 Trading Days) February, 25th -1.53%
(+8 Trading Days) February, 26th -1.48%
(+9 Trading Days) February, 27th -1.78%
(+10 Trading Days) February, 28th -1.91%
(+11 Trading Days) March, Monday 3nd -1.43%
(+12 Trading Days) March 4th -1.84%
(+13 Trading Days) March 5th -1.73%
(+14 Trading Days) March 6th -1.16%
(+15 Trading Days) March 7th -1.30%
(+16 Trading Days) March Monday 10th -1.15%
(+17 Trading Days) March 11th -0.79%
(+18 Trading Days) March 12th -1.03%
(+19 Trading Days) March 13th -1.08%
(+20 Trading Days) March 14th -0.80%

GBPCAD –The British Pound against the Canadian Dollar

Currently1.83977

TCI ForecastPOSSIBLE UPCOMING DOWNTREND CORRECTION

The following table consist the TCI results as concerns GBPCAD for the following calendar month.

Date Close Change (%) High Low Volatility TCI
2014.02.03 1.8125 -0.92% 1.82937 1.80358 1.4% 3.81%
2014.02.04 1.80912 -0.19% 1.81746 1.79824 1.1% 3.49%
2014.02.05 1.80751 -0.09% 1.81252 1.79567 0.9% 3.25%
2014.02.06 1.80698 -0.03% 1.81457 1.79855 0.9% 2.10%
2014.02.07 1.81044 0.19% 1.81275 1.79655 0.9% 2.87%
2014.02.10 1.81393 0.19% 1.8147 1.80592 0.5% 3.32%
2014.02.11 1.81039 -0.20% 1.82077 1.80982 0.6% 3.27%
2014.02.12 1.82571 0.85% 1.82597 1.80372 1.2% 4.77%
2014.02.13 1.82867 0.16% 1.83698 1.82356 0.7% 4.70%
2014.02.14 1.83977 0.61% 1.8409 1.8224 1.0% 5.23%
(+1 Trading Days) February, Monday 17th +POSSIBLE DOWNTREND CORRECTION+ 5.06%
(+2 Trading Days) February, 18th 5.03%
(+3 Trading Days) February,19th 4.76%
(+4 Trading Days) February, 20th 4.48%
(+5 Trading Days) February, 21st 4.09%
(+6 Trading Days) February, Monday, 24th 3.78%
(+7 Trading Days) February, 25th 2.95%
(+8 Trading Days) February, 26th 2.47%
(+9 Trading Days) February, 27th 2.04%
(+10 Trading Days) February, 28th 2.89%
(+11 Trading Days) March, Monday 3nd 2.27%
(+12 Trading Days) March 4th 2.84%
(+13 Trading Days) March 5th 2.77%
(+14 Trading Days) March 6th 2.33%
(+15 Trading Days) March 7th 2.37%
(+16 Trading Days) March Monday 10th 2.00%
(+17 Trading Days) March 11th 0.90%
(+18 Trading Days) March 12th 0.79%
(+19 Trading Days) March 13th 1.12%
(+20 Trading Days) March 14th 0.54%

GBPAUD –The British Pound against the Australian Dollar

Currently1.85383

TCI ForecastPOSSIBLE UPCOMING DOWNTREND CORRECTION

The following table consist the TCI results as concerns GBPAUD for the following calendar month.

Date Close Change (%) High Low Volatility TCI
2014.02.03 1.86232 -0.77% 1.87956 1.85228 1.5% 1.00%
2014.02.04 1.82869 -1.81% 1.86765 1.82395 2.4% -2.26%
2014.02.05 1.83019 0.08% 1.83941 1.81987 1.1% -2.61%
2014.02.06 1.82171 -0.46% 1.83057 1.81271 1.0% -3.60%
2014.02.07 1.83111 0.52% 1.83326 1.81903 0.8% -2.54%
2014.02.10 1.83267 0.09% 1.8418 1.83051 0.6% -1.65%
2014.02.11 1.81956 -0.72% 1.83467 1.81551 1.1% -1.96%
2014.02.12 1.83818 1.02% 1.83845 1.81187 1.5% -0.58%
2014.02.13 1.85487 0.91% 1.861 1.83776 1.3% 0.87%
2014.02.14 1.85383 -0.06% 1.85741 1.84531 0.7% 0.36%
(+1 Trading Days) February, Monday 17th 0.08%
(+2 Trading Days) February, 18th 0.45%
(+3 Trading Days) February,19th 0.31%
(+4 Trading Days) February, 20th 0.36%
(+5 Trading Days) February, 21st  0.55%
(+6 Trading Days) February, Monday, 24th 0.29%
(+7 Trading Days) February, 25th -0.14%
(+8 Trading Days) February, 26th -0.21%
(+9 Trading Days) February, 27th 0.29%
(+10 Trading Days) February, 28th 1.51%
(+11 Trading Days) March, Monday 3nd 0.53%
(+12 Trading Days) March 4th 0.58%
(+13 Trading Days) March 5th 0.74%
(+14 Trading Days) March 6th 0.25%
(+15 Trading Days) March 7th 0.54%
(+16 Trading Days) March Monday 10th 0.15%
(+17 Trading Days) March 11th -0.02%
(+18 Trading Days) March 12th -0.52%
(+19 Trading Days) March 13th -0.79%
(+20 Trading Days) March 14th -1.15%

EURUSD -The Euro against the US Dollar

The following table consist the TCI results as concerns EURUSD for the following calendar month.

Currently1.36929

TCI Forecast: POSSIBLE TREND CONTINUATION / THEN CORRECTION

Date Close Change (%) High Low Volatility TCI
2014.02.03 1.35278 0.28% 1.35352 1.34768 0.4% -1.37%
2014.02.04 1.35174 -0.08% 1.35385 1.34931 0.3% -1.72%
2014.02.05 1.35327 0.11% 1.3555 1.34985 0.4% -1.38%
2014.02.06 1.35890 0.42% 1.36186 1.34829 1.0% 0.13%
2014.02.07 1.36346 0.34% 1.36425 1.35516 0.7% 0.94%
2014.02.10 1.36435 0.07% 1.36515 1.36147 0.3% 0.78%
2014.02.11 1.36373 -0.05% 1.36826 1.36291 0.4% 0.31%
2014.02.12 1.35929 -0.33% 1.36527 1.35619 0.7% -0.08%
2014.02.13 1.36799 0.64% 1.36915 1.35847 0.8% 0.99%
2014.02.14 1.36929 0.10% 1.37146 1.36733 0.3% 0.92%
(+1 Trading Days) February, Monday 17th 0.81%
(+2 Trading Days) February, 18th 0.95%
(+3 Trading Days) February,19th 1.42%
(+4 Trading Days) February, 20th +LOCAL HIGH+ 1.54%
(+5 Trading Days) February, 21st +CORRECTION+ 0.97%
(+6 Trading Days) February, Monday, 24th 1.13%
(+7 Trading Days) February, 25th +LOCAL HIGH+ 1.14%
(+8 Trading Days) February, 26th +CORRECTION+ 0.89%
(+9 Trading Days) February, 27th 0.55%
(+10 Trading Days) February, 28th 0.81%
(+11 Trading Days) March, Monday 3nd 1.02%
(+12 Trading Days) March 4th 1.06%
(+13 Trading Days) March 5th 1.01%
(+14 Trading Days) March 6th +LOCAL HIGH+ 1.28%
(+15 Trading Days) March 7th +CORRECTION+ 1.04%
(+16 Trading Days) March Monday 10th 0.81%
(+17 Trading Days) March 11th 0.86%
(+18 Trading Days) March 12th 0.24%
(+19 Trading Days) March 13th 0.46%
(+20 Trading Days) March 14th 0.28%

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? George Protonotarios, Financial Analyst

Free TCI Forex Trading Signals, Trading Center.org (February, 16th 2014)

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