{"id":147,"date":"2011-04-20T13:05:55","date_gmt":"2011-04-20T12:05:55","guid":{"rendered":"http:\/\/www.futurestechs.co.uk\/blog\/?p=147"},"modified":"2011-04-20T13:05:55","modified_gmt":"2011-04-20T12:05:55","slug":"daily-futurestechs-blog-20th-april-2011-flag-pattern-in-cable","status":"publish","type":"post","link":"https:\/\/www.futurestechs.co.uk\/news\/2011\/04\/20\/daily-futurestechs-blog-20th-april-2011-flag-pattern-in-cable\/","title":{"rendered":"Daily FuturesTechs Blog &#8211; 20th April 2011 &#8211; Flag Pattern in Cable"},"content":{"rendered":"<p>From today we plan to post one of our Technical Analysis Reports on this Blog on a daily basis as a sample for anyone interested in a Free Trial. We will focus on a market that is showing something interesting from a technical point of view.<\/p>\n<p>We cover 22 markets every day, giving Chart, Support and Resistance levels, plus Commentary each morning before the markets open. This <a href=\"http:\/\/www.futurestechs.co.uk\/blog\/2010\/03\/30\/futurestechs-wins-best-fixed-income-award\/\">award winning service<\/a> is widely read by Investment Professionals, and some of our clients have been with us since we started over 10 years ago.<\/p>\n<p>If you are an Individual Trader please go to  <a href=\"http:\/\/www.futurestechs.co.uk\/trial\/\">http:\/\/www.futurestechs.co.uk\/trial\/<\/a> to request a free trial of our  Web-based service.<\/p>\n<p>The same reports are available to Fund  Managers, Brokers and &#8220;Pro&#8221; Traders in printable format. If you are in  this category please request a trial at  <a href=\"http:\/\/www.futurestechs.co.uk\/professional_trial\/\">http:\/\/www.futurestechs.co.uk\/professional_trial\/<\/a><\/p>\n<p><!--[if !mso]>\n\n\n\n<style>\nv:* {behavior:url(#default#VML);}\no:* {behavior:url(#default#VML);}\np:* {behavior:url(#default#VML);}\n.shape {behavior:url(#default#VML);}\nv:textbox {display:none;}\n<\/style>\n\n<![endif]--> <strong><\/strong><\/p>\n<p>In today&#8217;s &#8220;Forex Lunch&#8221; report we highlighted a Flag Pattern in Cable (GBPUSD):<\/p>\n<p>Cable has been in a consolidation pattern since late January, trading in a broadening range between 1.5937 and 1.6429. Recent price action within this range has formed a pattern known as\u00a0 a flag, consisting of a short term counter trend channel after a significant directional move. The counter-trend channel is highlighted by the red arrows, whilst the flag \u2018pole&#8217; is highlighted by the green arrow. This formation would be confirmed by a close above the down trend channel at 1.6336, with additional confirmation given by a close above Horizontal resistance at 1.6429. The implication of this formation is a move to 1.6828.<\/p>\n<p><a href=\"http:\/\/www.futurestechs.co.uk\/blog\/wp-content\/uploads\/2011\/04\/cable2004-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-149\" title=\"cable2004-1\" src=\"http:\/\/www.futurestechs.co.uk\/blog\/wp-content\/uploads\/2011\/04\/cable2004-1.jpg\" alt=\"\" width=\"500\" height=\"304\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.futurestechs.co.uk\/blog\/wp-content\/uploads\/2011\/04\/cable2004-2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-150\" title=\"cable2004-2\" src=\"http:\/\/www.futurestechs.co.uk\/blog\/wp-content\/uploads\/2011\/04\/cable2004-2.jpg\" alt=\"\" width=\"500\" height=\"358\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From today we plan to post one of our Technical Analysis Reports on this Blog on a daily basis as a sample for anyone interested in a Free Trial. We will focus on a market that is showing something interesting from a technical point of view.<br \/>\nWe cover 22 markets every day, giving Chart, Support and Resistance levels, plus Commentary &#8230;<\/p>\n<p><a class=\"btn-primary entries-readmore\" href=\"https:\/\/www.futurestechs.co.uk\/news\/2011\/04\/20\/daily-futurestechs-blog-20th-april-2011-flag-pattern-in-cable\/\" title=\"Read more\">Read more<\/a><\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[69,70,112,126,127,128,191,203,204,235,236,239,240,249,250,495],"class_list":["post-147","post","type-post","status-publish","format-standard","hentry","category-technical-analysis","tag-cable-chart","tag-cable-technical-analysis","tag-clive-lambert","tag-daily-analysis","tag-daily-candlestick-charts","tag-daily-chart-analysis","tag-flag-formation","tag-forex-technical-analysis","tag-forex-trading","tag-futurestech","tag-futurestechs","tag-futuretech","tag-futuretechs","tag-gbpusd-analysis","tag-gbpusd-chart","tag-technical-analysis-reports"],"_links":{"self":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/comments?post=147"}],"version-history":[{"count":0,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/posts\/147\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/media?parent=147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/categories?post=147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.futurestechs.co.uk\/news\/wp-json\/wp\/v2\/tags?post=147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}