🌐 GBPUSD: analytical review for April 26-30.
✍️ Cash investments in cable derivatives increased by 12% over the past trading week.
The net outperformance of buyers on new CoT reports was up 21%, further confirming the likelihood of continued upside during the new trading week.
📊 The nearest support level on the daily is the new week balance (1.3795). Increase in positions on the rise with the volume of $14 million further strengthens it.
The main scenario for the first half of the new trading week is the decline to the balance of the week (1.3795).
In case of formation of the pattern to buy near the price level of 1.3795 we expect an impulse increase with the target to close the trading week - the level of marketmaker's loss (1.4016).
In case of breakdown and fixation below 1.3795 we expect realization of alternative scenario, - decrease to the bottom border of the profit zone of the market maker (1.3697).
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The net outperformance of buyers on new CoT reports was up 21%, further confirming the likelihood of continued upside during the new trading week.
📊 The nearest support level on the daily is the new week balance (1.3795). Increase in positions on the rise with the volume of $14 million further strengthens it.
The main scenario for the first half of the new trading week is the decline to the balance of the week (1.3795).
In case of formation of the pattern to buy near the price level of 1.3795 we expect an impulse increase with the target to close the trading week - the level of marketmaker's loss (1.4016).
In case of breakdown and fixation below 1.3795 we expect realization of alternative scenario, - decrease to the bottom border of the profit zone of the market maker (1.3697).
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Trade active:
📌 GBPUSD: cable has good upside potential.
✍️ The nearest support for Monday is the balance of the day (1.3864).
In case of a rebound and fixation above the said price point, we expect a rise before the end of the currency day to the limit seller (1.3914).
In case of alternative scenario, a break-down and fixation below 1.3864, the next support for today is the Limit Buy (1.3808).
In case of a rebound and fixation above the said price point, we expect a rise before the end of the currency day to the limit seller (1.3914).
In case of alternative scenario, a break-down and fixation below 1.3864, the next support for today is the Limit Buy (1.3808).
Trade active:
🌐 GBPUSD: consolidated above the balance of the week.
⚙️ The nearest support for today is the limit buyer (1.3856).
In case of a successful test of the said support, we expect a further rise with the target,- the balance of the day (1.3893).
🔰 In case of breakdown and fixation above the mentioned option resistance during the American trading session, expect the subsequent rise to the limit seller (1.3949).
In case of a successful test of the said support, we expect a further rise with the target,- the balance of the day (1.3893).
🔰 In case of breakdown and fixation above the mentioned option resistance during the American trading session, expect the subsequent rise to the limit seller (1.3949).
Trade active:
💰 GBPUSD: limit buyer has paused the decline.
✍️ The limit buyer level (1.3856), which we wrote about as early as yesterday morning, has successfully worked out over the past trading day.
💎 In case of successful test of the current level of the limit buy (1.3868), we expect the continuation of the upside rally within the trading week.
The limit seller (1.3947) is the ultimate upside target before the close of the currency day.
💎 In case of successful test of the current level of the limit buy (1.3868), we expect the continuation of the upside rally within the trading week.
The limit seller (1.3947) is the ultimate upside target before the close of the currency day.
Trade active:
📊 GBPUSD: momentum towards CoT reports realised!
⚙️ As of the close of trading day on Wednesday, April 29. cable has consolidated above the balance of the week (1.3899).
Today, during the day, we are expecting a breakdown of the nearest support area 1.3941-1.3916 (balance of the day and limit buyer).
🔰 If the pattern to rise inside the above support area is formed, we expect the subsequent growth with the target to close the day,- limit seller (1.3977).
Today, during the day, we are expecting a breakdown of the nearest support area 1.3941-1.3916 (balance of the day and limit buyer).
🔰 If the pattern to rise inside the above support area is formed, we expect the subsequent growth with the target to close the day,- limit seller (1.3977).
Trade active:
🌐 GBPUSD: cable is set to rise further.
✍️ The nearest support area for today is the 1.3944-1.3930 price range, where the balance of the day and the limit buyer is located.
⚠️ In case of formation of pattern to buy inside the mentioned support area, we expect subsequent rise with the limit seller as a benchmark (1.3968).
Strike level of weekly hedger resistance area (1.3999) is the medium-term target for rise.
⚠️ In case of formation of pattern to buy inside the mentioned support area, we expect subsequent rise with the limit seller as a benchmark (1.3968).
Strike level of weekly hedger resistance area (1.3999) is the medium-term target for rise.
