As Brexit looms and no deals going through. Fundamentals line up with some techs. As always we set a number of take profits on the way.
A per yesterday outlook it fell to the channel support and gave a breakout at 135.90 and currently trading below that which becomes resistance now. Curently h4 trading with mild bearish bias with upside restricting channel resistance at 135.90 for the downside target 134.20-30 level wit a support at ma50 or 134.98. One can wait for the rise till 135.90 and can...
Still can drop the daily candle Doesn’t look good the down fall should start 🤞🏽. Not financial advice
GBPCHF in supply zone, sell zone. 1. Up Trend Line Broken to the downside. 2. Daily RSI in sell zone. 3. We are in the supply zone (where price has retraced to multiple times). Entry at price range of 1.1826 - 1.1880 TP @ Profit zone area of 1.1660 area. Good luck trading! Charles V CVFXmanagement.com Trading made Simple
Trade based on Fundamentals and Price action. With Risk Management You will Never loss.
GBPJPY , h4 time frame currently trading in sideways with upward channel, currently heading to again channel resistance with MA13 at 135 and MA50 at 134.80 with resistance at 200ma at 137.80. Currently settled above 136ma at 136.35. One can take a buy for the upside target 200ma at 137.50-60 zone, also RSI recovered well from oversold zone suggesting more upside...
Sterling held onto a moderately bullish tone Tuesday, recording a fourth consecutive daily gain. From a technical standpoint, H4 recently knocked on the door of 1.29, a level that’s withstood two upside attempts this week. In spite of this, sellers offer a non-committal tone at the moment. As having said, 1.29 is proving a problematic hurdle to overpower on the H4...
All content have only educational and informational purposes, and never should use it as financial advice.
Fundamentals: Europe is entering the winter season and fears of a second wave is on the horizon. Cases are steadily increasing. Australia is approaching the summer season after a relatively low number of covid AND flu cases in the winter season. Brexit talks this week with a gloomy outlook. Brexit shouldn't heavily affect the Euro, but it could, and the...
Fundamental: Rising covid19 cases in the UK Brexit talks this week - gloomy outlook Falling covid19 cases in Australia + approaching hot season after Budget deficit announced by Australia which might boost the economy China's economy is showing signs of recovery (AUD is highly correlated with CNY) Technicals As shown on the chart
Technically, observed crossing of 50ma above 200ma in 1hr chart makes more buying and formed a support at the same 50ma at 134.98. Daily perspective we see a upside bias till 136.50-137 zone followed by 139 which is fib 61.8% retracement zone. Current price says 135.75 can rise sharply till 13650/137 for the day. One can go for long as of today. Suggestion: BUY...
Technically, GBPUSD holding abv 1.28 handle strongl and heading for 1.29 and sustain abv can test 1.32. Intraday perspective h4 chart holding above 50ma at 1.2822 and h1 200ma at 1.2822 saying 1.2820 a strong support for the day. One can build a buy positions for the upside target 1.2920 yesterday high also a 136ma too in h4, followed by 200ma at 1.3045 h4...
GBPUSD looking to retrace north before we have a drop south. Expecting price to move up towards 1.3000 minimum. USD still weak with technicals pointing to the southside. After election we should see USD strength. Enter at trendline area or current price. TP @ 1.3000 Good luck trading! Charles V CVFXmanagement.com Trading made Simple
GBPCHF looking to return to supply area after a fast drop. Downtrend line broken and has not yet been retested yet. Supply zone has not been met yet either. RSI in buy zone. Entry @ current price area of 1.1718 TP @ 1.1890 - 1.1950 Good luck trading! Charles V CVFX Management Trading made Simple
Summary: The mood across markets has brightened further in Europe on smooth Brexit hopes driven by the news that major London clearinghouses will retain access to the EU after December 31. This has EURGBP eyeing downside pivot levels. Elsewhere, things are looking a bit less bright as the strong US dollar weighs on sentiment for EM currencies and even among the...
Hello, The pound is gaining towards the end of the month / quarter, one reason may be the continuation of the EU / UK Brexit talks starts tomorrow (shorts profit taking ?). GBPUSD strongly up from the beginning of the day, I hope for a slight pullback around the opening of the session in NY: Longs 1.2860 / 40 stop below 1.2830 Target 1.3000 / 3020 Good luck
gbpaud running out of steam, rollover into 1.80500 region