Articles

Free Forex Signals: GBPUSD April 2014

Free Forex Signals: GBPUSD April 2014

In this TCI analysis we are going to investigate GBPUSD using the TCI Model, Statistics and Fundamental Updates. Based on statistics April is traditionally a good month for the British Pound against the US Dollar but on the contrary May is the month for correction regarding GBPUSD. Very important news and updates are expected from April 30th to May 8th, concerning both the US and the UK economy.

Forex Asset: GBPUSD

TCI Forecast: Possible Uptrend (?)

Target Level: 1.7000

GBPUSD Macroeconomic Outlook

The British Sterling against the US Dollar is moving higher before important news releases and the BoE (Bank of England) meeting of the 8th of May 2014. The investorís confidence on the British Economy is strengthening and that is clearly reflected on the course of the British Sterling in 2014. The concerns regarding the UK current account deficit are still here but the British Economy is continuing to grow and that is expected to be confirmed at the 1st quarter GDP report. Furthermore, the rising housing prices combined with rising wages in UK may form the perfect environment for an interest rate increase towards inflationary concerns.

As concerns the US Dollar, be aware that a short period of very important announcements is commencing in the 30th of April and it is ending in the 2nd of May 2014. It is better to avoid trading the US Dollar during those days unless you know perfectly what you are doing.

GBPUSD Technical Analysis

At the moment GBPUSD is found at 1.6830-1.6850, here are some important supply and demand levels.

Short Term Supply Level: If the optimistic scenario is indeed confirmed then the target level for the GBPUSD exchange rate is set at 1.7000-1.7035. There we should expect a correction lasting 1-2 trading days or even a full reversal.

? 1.7000 / 1.7030 / 1.7150

Short Term Demand Level: In case of a downtrend, strong demand is expected firstly at 1.6780.

? 1.6780 / 1.6750 / 1.6720

GBPUSD

Forex TCI on GBPUSD

TCI Indicator confirms the existence of an uptrend regarding GBPUSD, although it canít be characterized as a very strong trend at the moment. ?More About TCI

Letís see some important dates regarding GBPSUD based on the TCI Model:

? April, 30th, Potential Local High and Correction After

? May, 1st, Correction completes, possibly during late hours

? May, 6th, Selling Target

Here are all the TCI Indications regarding GBPUSD

Table: TCI on GBPUSD

Date

Close

High

Low

Volume

Volatility

Price Change

TCI

2014.04.01

1.66275

1.66741

1.66178

79861

0.30%

-0.20%

-0.16%

2014.04.02

1.66249

1.66629

1.66193

73953

0.30%

-0.02%

-0.59%

2014.04.03

1.65959

1.66599

1.65694

87642

0.50%

-0.17%

-1.38%

2014.04.04

1.65737

1.66050

1.65515

67938

0.30%

-0.13%

-1.46%

2014.04.07

1.66052

1.66230

1.65649

50170

0.40%

0.19%

-0.93%

2014.04.08

1.67458

1.67537

1.66031

89273

0.90%

0.85%

0.78%

2014.04.09

1.67912

1.67992

1.67235

75041

0.50%

0.27%

1.45%

2014.04.10

1.67828

1.68194

1.67537

82962

0.40%

-0.05%

1.54%

2014.04.11

1.67296

1.67867

1.67166

79927

0.40%

-0.32%

0.88%

2014.04.14

1.67275

1.67433

1.66962

80936

0.30%

-0.01%

0.66%

2014.04.15

1.67267

1.67484

1.66579

83801

0.50%

0.00%

0.57%

2014.04.16

1.67947

1.68173

1.67192

93306

0.60%

0.41%

1.09%

2014.04.17

1.67920

1.68414

1.67861

70642

0.30%

-0.02%

0.87%

2014.04.18

1.67954

1.68024

1.67731

26339

0.20%

0.02%

1.28%

2014.04.21

1.67898

1.68177

1.67822

28295

0.20%

-0.03%

1.23%

2014.04.22

1.68231

1.68384

1.67852

67615

0.30%

0.20%

1.40%

2014.04.23

1.67795

1.68349

1.67618

87144

0.40%

-0.26%

0.77%

2014.04.24

1.68002

1.68054

1.67647

76958

0.20%

0.12%

1.03%

2014.04.25

1.67982

1.68307

1.67892

63258

0.20%

-0.01%

0.93%

2014.04.28

1.68447

1.68534

1.67768

30322

0.50%

0.28%

1.38%

(+1 Trading Days) April, 29th

1.24%

(+2 Trading Days) April, 30th

1.52%

(+3 Trading Days) May, 1st

1.36%

(+4 Trading Days) May, 2nd

1.44%

(+5 Trading Days) May, 5th, Monday

1.44%

(+6 Trading Days) May, 6th

1.65%

(+7 Trading Days) May, 7th

1.44%

(+8 Trading Days) May, 8th

1.38%

(+9 Trading Days) May, 9th

1.35%

(+10 Trading Days) May, 12th, Monday

1.39%

(+11 Trading Days) May, 13th

1.19%

(+12 Trading Days) May, 14th

1.10%

(+13 Trading Days) May, 15th

0.79%

(+14 Trading Days) May, 16th

0.74%

(+15 Trading Days) May, 19th, Monday

0.84%

(+16 Trading Days) May, 20th

0.91%

(+17 Trading Days) May, 21st

0.96%

(+18 Trading Days) May, 22nd

1.11%

(+18 Trading Days) May, 23rd

0.96%

Note: The TCI Model generates probability scenarios based on Real Price Action but it canít predict the future, no technical analysis model can do that. Therefore, be aware that breaking news can always condemn any probability scenario as false.

GBPUSD Statistics

Historically, April is a fantastic month for GBPUSD with an average change of +1.32%, while May is exactly the opposite with an average change of -0.50%. Here are the Historic Statistics for GBPUSD at a glance, based on 13.5 years of research by TradingCenter.

? APRIL: Average Change +1.32% (Times: 12? 2?)

? MAY: Average Change -0.50% (Times: 4? 10?

? Full GBPUSD Historic Statistics are found Here

L†COMPAREFOREX

ē COMPARE ?†Forex Robots Comparison ?†Forex Brokers Comparison ?†CFD Brokers Comparison ?†Binary Option Brokers Comparison

? George Protonotarios†(April 28th, 2014)

Trading Centerís Free Forex Signals: GBPUSD

Compare Markets

Advertise with us

Advertise today on TradingCenter.org as long as your services can be¬†proved reliable¬†‚Ėļ¬†e-mail us today!