TraderDoPh

TraderDoPh

👉🇻🇬🇻🇦👈GBPUSD outlook! GBPUSD is approaching the key resistance level at 1.2680. It is the key moment for the price, as the FOMC meeting will set the trend for the next few days. 🧐How to trade? Don't try to guess. Usually, the trend becomes clear 10-15 minutes after the FOMC Press Conference begins (around 21:45 GMT+3). However, we suggest waiting for the H1...

TraderDoPh

GBP/USD returns above 1.2400 as USD loses strength GBP/USD has recovered above 1.2400 in the second half of the day on Tuesday and erased a portion of its daily losses. In the absence of high-tier data releases, the positive shift seen in risk mood doesn't allow the US Dollar Index to extend its daily rally and supports the pair's rebound. TECHNICAL: GBP/USD...

TraderDoPh

GBP/USD remains on the back foot around 1.2430 as it stretches the post-NFP reversal from a three-week high during the early hours of Monday’s Asian session. The Cable pair drops below the 50-DMA support while extending the previous day’s U-turn from a horizontal resistance area. The Relative Strength Index (RSI) indicator on the four-hour chart stays well...

TraderDoPh

Gold price is holding its steady ascent in the European session. The bright metal retakes the HKEX:2 ,000 mark, helped by a defensive US Dollar but the upside remains capped due to the renewed advance in the US Treasury bond yields. US GDP awaited.

TraderDoPh

GBP/USD bears take on critical trendline support GBP/USD bears are in the market below 1.2470. A break below 1.2415 will cement the downside bias. The hourly dynamic trendline support line is being tested and close below the daily chart´s 38.2% Fibonacci and then the 1.2415 structure will be penetrating the support, cementing in the bearish bias for the days ahead.

TraderDoPh

After a false breakout of resistance, the price did not fall, but returned to retest, which indicates a positive market sentiment. I look forward to consolidation above the level and growth. My target is resistance 1.36000

TraderDoPh

The price continues to fall. The trend is downward, ahead of the support level (global). Waiting for the breakdown of the support level 1.335 and the price drop to 1.327

TraderDoPh

GBP/USD bears keep controls around 1.3620 amid the initial Asian session on the Super Thursday, after refreshing the monthly low with 1.3609 due to the Fed tapering before a few hours. The cable pair’s recent fall broke an ascending support line from July, which in turn joins bearish MACD signals to hint at the quote’s further downside.

TraderDoPh

Pound/dollar is confined to a clear range in September – support is at the double-bottom 1.3725 and robust resistance is at 1.3895, a quadruple top, which held cable down since mid-August. Momentum on the four-hour chart is to the upside and the currency pair trades above the 50 and 200 Simple Moving Averages. Above 1.3895, the next levels to watch are 1.3950,...

TraderDoPh

The GBP/USD pair is unchanged for a second consecutive day, unable to attract buying interest despite the broad dollar’s weakness. The 4-hour chart shows that the pair has been confined between moving averages, currently pressuring a mildly bullish 20 SMA while meeting sellers around a flat 200 SMA. Technical indicators have turned south, with the Momentum heading...

TraderDoPh

The GBP/USD pair could keep advancing in the upcoming sessions, as it consolidates just below the 1.3900 figure. In the 4-hour chart, the pair has advanced above all of its moving averages for the first time since mid-May, with the 200 SMA still heading lower and providing mild support at around 1.3860. The Momentum indicator is retreating from its daily high...

TraderDoPh

US inflation expectations, as measured by the 10-year breakeven inflation rate, per the St. Louis Federal Reserve (FRED) data, eased from the seven-week top on Tuesday. In doing so, the risk barometer fades the one-week-old recovery moves, suggesting further hardships for the traders to predict the market sentiment. The drop in inflation expectations could be...

TraderDoPh

Less volatility in USD today.

TraderDoPh

Updates for GU a minor retracement yesterday but still more hindrances at 1.3950-1.4000.

TraderDoPh

Possible movement for DXY(USD index)

TraderDoPh

GU possible 1.39500-1.4000

TraderDoPh

GDP will release today

TraderDoPh

nice catch