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...
Hello and good time, In the GBP/USD currency pair on the 4-hour timeframe, we can consider a short trade. As shown in the chart, I have highlighted two possible price movement patterns: 1) If the price initially reaches its red base, you can enter the trade if there is a trigger. 2) If the price initially reaches its green support base and then touches the red...
By examining gold in the 4-hour time frame, we see that the price is still trading in the range of $1932! I have specified 2 scenarios on the chart, in both cases I expect gold to fall more, but due to the extreme fluctuations that will caused by the announcement of NFP changes, moves may be made to collect liquidity, so be careful! The ranges and important supply...
Preferred direction: SELL Comment: The currency pair did not immediately make money on a short trade, as we noted earlier in our instrument idea. However, the sell priority remains. A drop to the level of 1.09000 is expected, where the support is located. From this support, just like from the level of 1.08485, the medium-term trend of the Euro will depend. ...
2023.8.11 USDX has a long downward shadow! Hello, I'm Older Duan. Today is Friday, August 11th 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 daily trend of the US dollar index has...
Hi Traders! There is a potential triangle breakout opportunity here on the GBPUSD 4H chart. We are looking for a momentum break and close on either side of the triangle. To the upside we have resistance at 1.27922 and a momentum break and a close above this level we have a target at 1.28499. To the downside we are looking for a break and close below our...
Price is approaching our sell entry at 1.2783, which is a multi-swing high resistance level. Furthermore, it aligns with the 61.8% fibo retracement and 78.6% fibo projection, which shows that there is fibo confluence. Our bias is a sell bias as price is within the bearish Ichimoku cloud. Our stop loss is at 1.2857, placed slightly above the 161.8% fibo extension....
GBPUSD crossed under its four month Channel Up pattern, as well as closing under the 1D MA50, thus turning the 1D timeframe bearish (RSI = 43.717, MACD = -0.001, ADX = 34.501). Currently this is a sell signal, targeting the 1D MA100 (TP = 1.2625). Every Support (S) broken, will be a sell signal for the next one. We are buying only if the price crosses over the...
2023.8.9 US crude oil has reversed its deep V Hello, I'm Older Duan. Today is Wednesday, August 9th 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 opening price of the US dollar...
2023.8.8 USD strengthened, non US currencies and precious metals overall weakened, and US crude oil plunged! Hello, I'm Older Duan. Today is Tuesday, August 8th 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....
FOREXCOM:EURUSD I'm bullish on eurusd. Price is currently bouncing off imbalance which is a reliable form of support. I expect price to push higher from here.
Price is approaching our sell entry at 183.18, which is at the multi-swing high resistance. Our stop loss is at 184.14, which is placed slightly beyond the next multi-swing high resistance. Take profit is at 180.62, which is at a multi-swing low support, and at the 38.2% fibo retracement. Please be advised that the information presented on TradingView is...
#GBPUSD is on a rising wedge pattern where we see a bounce on the lower boundary recently looking for a bullish trend ahead towards the recent swing high formed. And also the impulses confirmed the completion of 4th wave while its accumulating the 5th now
GBPUSD forms a false break of the support at 1.2652. The price reacts in a bullish way. A correction is forming on the market since the opening of the session. Most likely a slight decline may follow before further growth. TA on the high timeframe: 1) Uptrend. The price is forming a correction wave, most likely the correction is directed to the support at...
Preferred direction: SELL Comment: The beginning of the week assumes the strengthening of the US dollar in all directions, including, of course, the Euro. This currency pair continues to be under the full control of the seller. At the moment, it is necessary to wait for the price to close below the level of 1.09623, which previously showed itself very well....
2023.8.7 USDX has shifted from weak to strong Hello, I'm Older Duan. Today is Monday, August 7th 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 has been weakening...
Ah, my esteemed colleagues of the financial surf, behold the captivating dance of the GU pair! We find ourselves gracefully navigating the oscillations between bullish and bearish distributions, like a true surfer riding the ever-changing waves of the market. With hopeful hearts, we yearn for a resounding rejection from the bullish domain while carefully gauging...
My dear subscribers , Please, find my technical outlook for GBP/USD below: The market is trading on 1.27370 pivot level. Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Target - 1.26769 About Used Indicators: On the subsequent day, trading...