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  4. EUR/GBP Signal - April 9, 2013
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EUR/GBP Signal - April 9, 2013

By Maxime Parra
Maxime Parra
By Maxime Parra
Maxime Parra has been trading since the age of 18, and he is now in charge of technical and fundamental analysis at BNRY.com and Tmarkets.com. Fascinated by the psychology of financial markets and technical analysis, he is also the head of the “Fédération Sud Finance” and is preparing for the Degree of the Chartered Financial Analyst (CFA) level 1 at the SKEMA Business School. Maxime favors trend following strategies by combining chartist analysis with the use of technical indicators.

The EURGBP pair could be resuming its upward trend if we pass the moving average at 20 sessions. Looking at the technical indicators, the RSI is once again leaning on its neutral zone while the MACD is about to cross its signal upward. Investors may therefore plan a bullish trade in case we pass the 0.8530 with a stop-loss placed under the moving average at 7 sessions.
Direction: Up
Entry: 0.8535 (trigger threshold)
Stop-loss: 0.8470

EURGBP Signal

Maxime Parra
About Maxime Parra
Maxime Parra has been trading since the age of 18, and he is now in charge of technical and fundamental analysis at BNRY.com and Tmarkets.com. Fascinated by the psychology of financial markets and technical analysis, he is also the head of the “Fédération Sud Finance” and is preparing for the Degree of the Chartered Financial Analyst (CFA) level 1 at the SKEMA Business School. Maxime favors trend following strategies by combining chartist analysis with the use of technical indicators.
 

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