Preferred direction: BUY
Comment: The British is still slowly, but still going to an intermediate level of 1.27695. This level can be said to be the median of the current price range 1.26989 - 1.28484. Just at 1.28484, the current target of the buyer is located.
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The GU has shown us a change in direction, and the price is respecting the order block by showing an exhaustion candle around It. Higher High and Higher Low have formed. It's the beginning of the uptrend move.
Based on the H4 chart analysis, we can see that price is approaching our buy entry at 1.2674 which is an overlap support level that aligns with 50% Fibo retracement. Stop loss will be at 1.2596 which is an overlap support level. Take profit will be at 1.2738.
Furthermore, price is above a major ascending trend line suggesting further bullish momentum is on the...
Based on recent market price action, GBPUSD has formed an expanding channel on the hourly timeframe. The breakout from this pattern confirms a bullish signal, indicating that we anticipate the GBPUSD to continue its upward movement. Our minimum target is near the recent swing high of 1.283.
My dear followers,
My technical analysis for GBP/USD is below:
The price is coiling around a solid key level - 1.26930
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 1.28029
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the...
By examining gold in the 2-hour time frame, we see that the price finally fell below $1,900 as we expected with the publication of the Final GDP q/q and Unemployment Claims statistics, and is currently trading in the range of $1,898! If the price stabilizes below $1,904, we can expect further fall ! Its targets are $1891, $1870 and $1857 respectively! Total yield...
Preferred direction: BUY
Comment: Buyers failed to overcome the local resistance levels and there was no entry point (BUY), as we had planned in the previous idea. Now, at the level of 1.08485 (where limit buys were previously located) there may be a potential entry point formed if the price closes above this level. In this case, a false breakout will be...
Hi Traders!
There is a bear flag opportunity here on the GBPUSD 1H chart. After the bear momentum swing down (flag pole), we are now in a consolidation period (flag channel), and in a consolidation period, the market decides to either continue the trend or reverse the trend. The price action on this setup suggests to us that the market wants to continue the...
GBPUSD is testing global support and key Fibo level. A false breakout is forming and most likely a correction may follow before a further decline on the background of a stronger dollar.
TA on the high timeframe:
1) False break-down of the strong level (May) 1.26525.
2) Price consolidation below resistance will form a good entry point for a short position
3) The...
Dear colleagues, I believe that the price has not yet finished its downward movement and will reach the 1.618 Fibonacci level, which is a support level.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Currency Markets on UK Recession Watch - There has been high volatility in the Pound to Euro (GBP/EUR) exchange rate during the past week.
GBP/EUR posted a fresh 9-month best conversion at 1.1735 early in the week before a slide to below 1.1600 after the Bank of England (BoE) policy decision.
Weaker than-expected Euro-Zone data helped strengthen GBP/EUR to...
GBPUSD shows an incomplete bullish sequence from 9.26.2022 low and 3.8.2023 low favoring further upside. Near term, rally from 5.26.2023 low ended wave 1 at 1.2848 as a 5 waves impulse Elliott Wave structure. Up from 5.26.2023 low, wave ((i)) ended at 1.2545 and pullback in wave ((ii)) ended at 1.2367. Pair then rallied again in wave ((iii)) towards 1.2699, and...
GBPUSD forms a retest of the trend support, and on D1 the price is testing a key area. Most likely from the support area the price can form a significant bounce.
TA on the high timeframe:
1) False break of support 0.236 Fibo is formed
2) On H4 the price also tests the key liquidity area.
TA on the low timeframe:
1) The pound is testing uptrend support....
Currency Markets on UK Recession Watch - There has been high volatility in the Pound to Euro (GBP/EUR) exchange rate during the past week.
GBP/EUR posted a fresh 9-month best conversion at 1.1735 early in the week before a slide to below 1.1600 after the Bank of England (BoE) policy decision.
Weaker than-expected Euro-Zone data helped strengthen GBP/EUR to...
Hello,Traders!
GBP-USD is making a
Bearish correction
While trading in an uptrend
So I am bullish biased and
I think that the pair will
Go further up after
It retests the horizontal
Support at 1.2646
Buy!
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Preferred direction: SELL
Comment: The pressure on the euro caused by fundamental factors, especially on Friday, forced buyers to retreat significantly and take aside plans to go to 1.10677. Now, the best way would be to wait for the approach to the support area 1.07882-1.08312.
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Price is falling to our buy entry at 1.2674, which is a pullback support level that aligns with the 38.2% fibo retracement.
Stop loss will be at 1.2534, which is slightly below the 61.8% fibo retracement. Take profit will be at 1.2827, which is at the body of the candlestick at the resistance level.
Please be advised that the information presented on...
