Forex VPS
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

Forex VPS
 Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

GBP/USD: Bullish Engulfing, 200-DMA support, tgt 1.3260/ 1.3350 | March 12, 2019

Print PDF

GBP/USD edges lower from monthly highs at 1.3288.

The pair has formed a 'Bullish Engulfing' candlestick pattern on the daily charts raising scope for upside.

Price action has retraced a brief dip below 200-DMA which is strong support at 1.2988.

RSI is above 50, bias higher. Momentum studies are bullish . MACD is on verge of bullish crossover on signal line.

RSI and Stochs are nicely converging with price action. We see scope for gains till 1.3350.

Strong resistance lies at 55-W EMA at 1.3258. Close above will see upside continuation.

Immediate support lies at 5-DMA at 1.3127. Break below 200-DMA negates bullish bias.

Support levels - 1.3127 (5-DMA), 1.31, 1.3088 ( 20-DMA )

Resistance levels - 1.3258 (55-W EMA ), 1.33, 1.3350 (Feb 27 high)

Good to go long on dips, SL: 1.2980, TP: 1.33/ 1.3350

Submit Your Comments:

 Forex Trading VPS


Windows 2008/2012 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
Economy buy now2 Core 756MB 15GB 1TB $6.50/M$6.20/M$5.90/M $5.50/M MT4 Pre-InstalledYesFree
Standard buy now 2 Core 1GB 25GB 1.5TB $8.50/M$8.20/M$7.90/M $7.50/M MT4 Pre-InstalledYesFree
Premiumbuy now 2 Core 2GB 40GB 2TB $16/M$15.50/M$15/M$14.50/M MT4 Pre-InstalledYesFree
Advanced buy now4 Core 3GB 60GB 2.5TB $26/M$25/M$24/M $22/M MT4 Pre-InstalledYesFree
Professionalbuy now 4 Core 4GB 80GB 3TB $33/M $32/M$31/M$29/MMT4 Pre-InstalledYesFree
Business buy now 4 Core 6GB 100GB 4TB$46/M $45/M$44/M$42/MMT4 Pre-InstalledYesFree
Platinum buy now 4 Core 8GB 120GB 6TB $59/M $58/M$57/M$55/M MT4 Pre-InstalledYesFree
Diamond buy now 4 Core 12GB 180GB 8TB $89/M $87/M$85/M$81/MMT4 Pre-InstalledYesFree

***We accept Neteller, Skrill, MasterCard, Paypal, Payza, Perfect Money, Webmoney !