💬 Description: The currency pair stood at the level of 1.06745 , which is resistance at the moment. In addition, a lot of interest has recently accumulated at this level, which has been distributed downward. The significance of this current price area is great.
I assume that the instrument will come into balance at this level to accumulate positions and...
Preferred direction: BUY
Comment: Gold, which has already made its way down exactly as we described, remains unchanged. At the moment, after a significant part of the buyers have been dumped, the metal will most likely rise again and again update local highs. Gradually gaining a long position will be the most successful solution here.
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Price is falling to our buy entry at 1.2213, which is a pullback support level, aligning with the 38.2% fibo retracement. Our stop loss is at 1.2160, which is slightly below the 61.8% fibo retracement. Take profit is at 1.2266, which is a swing high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may...
By examining this chart in the daily time frame, we can see that if the price stabilizes above the range of 33,900 to 34,000, we will probably see higher targets , the possible targets of this Bullish move will be 34,300, 34,550 and 35,000 respectively! If today the price stabilizes below this supply zone , the Bearish targets of this scenario will be 33550, 33110...
#GBPUSD
UPDATE
Hey traders,Welcome to Anna trade charts.
Hope you are enjoying your trading journey and also our trading analysis. Today Anna is monitoring GBPUSD.
GBPUSD is in down trend in the LTF, and also going through proper channel. If it breaks above and retest the resistance line, then we can find a good buying opportunity. It can be a massive move for...
FX:GBPUSD
The 4-hour chart of the GBP/USD currency pair shows a neutral or bearish market, with the price oscillating between first resistance and first support.
Key levels:
The first support is located at 1.2106, which is a good place for buyers to enter the market. Second market support is at $1.20638.
The first resistance is formed at 1.2217 and can...
Hi Traders!
The bears are currently dominating GBPUSD, and they are potentially targeting the low for October.
Price Action 📊
The price action currently looks bearish, with market swings showing lower highs and lower lows.
We are looking for a break and a close below the trendline support for a possible continuation towards October's low.
Fundamental Analysis...
The GBPUSD pair is extending the bearish trend within the 3-month Channel Down pattern. The 1D RSI remains bearish but normalized the previous oversold levels so now technically it can resume chasing much lower prices. As long as the price trades below the 4H MA200 (red trend-line), which sits now exactly at the top (Lower Highs trend-line) of the Channel Down and...
Hello,Traders!
GBP-USD fell down sharply
But will soon be retesting a
Horizontal support of 1.2114
From where I think we will
See a nice bullish rebound
Buy!
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Preferred direction: BUY
Comment: The US dollar strengthened against the general background and against the Canadian. Now the price is at the level of 1.36545, which most likely foreshadows further strengthening of the buyer. It is excellent to take a long position from this level; one can comfortably place a stop under the level and, in case of a stop loss,...
GBPUSD was last trading over 0.2% higher at $1.2202.
Investors also digested producer and consumer prices data out of China on Friday that showed deflationary pressures were slightly stronger than expected.
"What we've got is a fairly weak growth story (from China), and that's weighing on the price numbers," said Rob Carnell, regional head of research in the...
✅GBP_USD is retesting a resistance level of 1.2332
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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GBP/USD broke above 1.2200 with relative ease on the way to the imminent resistance 1.2345 – a level that halted prior declines in April and June this year. Early signs of a possible pullback emerged after the MACD came out of oversold territory on the 5th of October. While a lot of the move is driven by the weaker dollar, the pound has been seen strengthening...
Hello,Traders!
GBP-USD is retesting a
Strong horizontal resistance
Of 1.2350 from where I will
Be expecting a local
Bearish correction
Sell!
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There is now a near-consensus perception that the Fed will leave rates on hold at its Nov 1 meeting, following recent comments from senior Fed officials supporting a pause. The CME FedWatch Tool prices an 85.4% chance that rates will remain at 5.25%-5.50% versus 53% a month ago.
The signals from the Bank Of England are less consistent. Deputy Governor Ben...
My dear followers,
I analysed this chart on GBPUSD and concluded the following:
The market is trading on 1.2262 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.2163
Safe Stop Loss - 1.2313
About Used Indicators:
A super-trend indicator is plotted on either above or...
