It has been almost 2 months since we last looked into the GBPUSD pair (see chart below), taking as sell position after the price was rejected on the Channel Up pattern's top:
That Channel Up broke downwards, and the last such pattern to remain valid is the one shown on the current chart. The price is below the 1D MA100 (green trend-line) and today hit the...
GBPJPY forms potentially different signals on different timeframes. But there are localized preconditions that increase the chances for a fall.
TA on the high timeframe:
1) Price failed to form an impulse after breaking through the resistance at 183.76. A consolidation with locally declining highs is forming. We see pressure from the sellers.
2) On H4, a kind...
GBPUSD broke and closed below a solid horizontal demand cluster
on a daily time frame last week.
The broken structure turned in a supply zone.
I believe that the market may drop after a retest of the underlined blue area.
Goals will be 1.2517 / 1.2427
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Hello,Traders!
GBP-USD has made a
Bearish breakout of the
Key horizontal level of 1.2642
And the breakout is confirmed
So we are likely to see a
Further move down after
Some initial correction
Sell!
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Good day, traders.
This morning, GBPUSD is a little bit unpredictable. I'm keeping an eye on the price movement on a 30-minute period, but I won't make a judgment until there has been a breakout, maybe to the upside or downside. I'll be patiently waiting for the price to break and retest the 1.2734 zone to take my buy order, or for the price to break and retest...
Hi Traders!
GBPUSD is approaching the triple bottom support area on the 4H chart.
We have highlighted the numerous price rejection candles at the support level, though the price action looks bearish. The 20 EMA has broken and closed below. We are now looking for a lower bollinger-band break with a look to continue towards the support area for a potential...
2023.8.24 precious metals are stronger than non US currencies
Hello, I'm Older Duan. Today is Thursday, August 24th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index...
GBPUSD forms a rebound from 1.26525 support and forms a local counter-trend correction
TA on the high timeframe:
1) Price in the range of 1.28484 - 1.26525
2) After a false breakdown of support there is a potential for strengthening to resistance
TA on the low timeframe
1) A local bullish channel is formed
2) Price consolidates at support and forms a retest of...
My dear friends ,
My technical analysis for GBP/USD is below:
The market is trading on 1.27325 pivot level.
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.28049
My Stop Loss - 1.26914
About Used Indicators:
Super-trend indicator...
2023.8.22 US dollar weakens
Hello, I'm Older Duan. Today is Tuesday, August 22nd 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index is still engaged in long short...
Hello,Traders!
GBP-USD is trading in an
Uptrend and the pair retested
The horizontal support
Of 1.2637 then broke
Out of the falling channel
And is now moving up so
I think that the pair will
Go further up
Buy!
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Check out other forecasts below too!
GU and the rest of the xxx/usd assets have been forming obvious corrections this month
Why is it a correction and not a major top.
Well, corrections...
1. begin with very little consolidation (vs peaks that contain big periods of consolidation before reversing).
As you can see GU only consolidated for 2 days before coming down.
2. they usually contain 1-3...
Dear colleagues, the price is completing an impulsive wave 5 and is approaching the support area at 1.26159. I anticipate that the price will undergo a correction towards the 61.8% Fibonacci level at 1.27413.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
2023.8.15 USD is waiting for the guidance of retail sales
Hello, I'm Older Duan. Today is Tuesday, August 15th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index rose...
Preferred direction: SELL
Comment: Buyers here also failed to take advantage of the 1912 support level, and the price only slowed down the fall, but did not reverse the price. Given this fact and the general context of the market, the level of 1912 is most likely to be broken down in the near future. The next stop of the metal is likely at the level of 1900, a...
2023.8.14 The upward space for USD has opened up
Hello, I'm Older Duan. Today is Monday, August 14th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, USDX has arrived at the top of the...
My dear followers ,
Please, find my technical outlook for GBP/USD below:
The market is trading on 1.26920 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.26435
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing...
