GC Forex Group
We have been trading the company's funds for quite a while and we are ready to show how professional we are, this way we are opening our doors to new clients.

 Managed Accounts with top FX brokers.
Styl handlowania:
The most accurate method to anticipate price movements is using Technical Analysis.

GC FOREX GROUP’s technical analysis incorporates some aspects of Fundamental Analysis, in the way of choosing when is convenient to trade and when is not, depending on the importance of news and the volatility it might generate.

Trading has to be fun and simple!
""Pros don’t count pips, We Show Results…”"
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Zarejestrowany: Oct 12 2012 at 01:45
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GCFOREXGROUP's Published charts
Oct 13 2012 at 17:25 GBPUSD,D1
1 Agree | 29 Views | 1 Following | 0 Comments
Weekly Pre-Market Technical Analysis (Forex)
3rd. Week of October (15th – 19th)

In M1 seems to be oversold very far from SMA 200, approaching a resistance zone around 1.2946, reaching the main tendency line, and very close to the 38.2 fibo level. In W1 entering the resistance zone of 1.3016, last week closed with an absorbing tail. Daily closed last week with a LH that if continues bullish could reach the resistance zone of 1.3023 followed by 1.3168, on the other hand below 1.2780 it could reach the support zone of 1.2637.

M1 shows a retracement and currently a doji which means that there is a lot of indecision, however, our hypothesis is that the pair could fall. W1 shows an absorption tail, and as we commented last couple of weeks again we could have a bearish week with first target the zone of 1.5964. Daily we see the possibility of a lower high in formation. Our analysis indicate to trade short if the week starts bearish with 1st target the zone of 1.5966, on the other hand above the resistance zone we are in long trades could be placed.

Monthly reaches the 38.2 Fibo Fan level and could fall to the area of de 1.9014., the opposite would be that goes back to enter the cluster zone of 0.9373 forming a LH due to the fact that is oversold and very far from SMA 200. Weekly shows an absorbing tail which could be a signal for a bearish week, however very close to the support zone of 0.9230. In daily we see another tail that closed the week entering the support zone of 0.9329 which could generate possible rebounds. Our market analysis enables us to trade below current support zone or go long depending on the signal we get from the intraday time frames looking for that possible rebound.

In our opinion this pair is showing very clear signals. Monthly shows how the pair is absolutely over bought located very far from SMA 200 while trying to solve the zone of 1.0174. W1 closed green last week while it wasn’t able to break the support zone of 1.0165. Daily finds resistance on SMA200 and it could continue to fall to the zone of 1.0170. Our hypothesis is to enter short trades (must be confirmed on intraday time frames) with 1st target the zone of 1.0174.

The Canadian Dollar in M1 seems to be impressively over sold, this week again showing important signals that the trend is ending and situated in the 0.9812 zone of support. Weekly continues to be very far from SMA but consolidated last week. Daily shows an absorbing tail that brings a rebound to enter again the clustered zone of 0.9797; the next target would be the zone of 0.9819 and 0.9844.
Oct 15 2012 at 08:15
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Oct 12 2012 at 09:17
Dallas Fed Manufacturing Business Index (8 min)
Economic Report: New-home sales rebound ...(9 min ago)
EURUSD 1.16788 GBPUSD 1.32742
USDJPY 109.526 USDCAD 1.33098







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