Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊
Some time ago, price broke resistance level and started to trades in flat, where it declined to support level.
Then price some time traded between $0.8570 - $0.8530 levels in flat and later declined to support line, breaking $0.8530 level.
After this, GBP started...
UK Pound Sterling/Swiss Franc FX Cross Rate
British Pound Sterling Swiss Franc traded at 1.10185 this Thursday November 16th, decreasing 0.00070 or 0.07 percent since the previous trading session. Looking back, over the last four weeks, GBPCHF lost 0.52 percent. Over the last 12 months, its price fell by 2.38 percent. Looking ahead, we forecast British Pound...
Hi folks today I'm prepared for you British Pound analytics. A few time ago price bounced from the trend line and made a strong upward impulse to 0.8630 points, thereby breaking the 0.8575 support level. After this movement price made a correction to this level, which coincided with the support zone, and then repeated impulse to the 0.8675 resistance level, which...
Hello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price some days ago price rebounded from the 0.8635 support level, which coincides with the buyer zone and started to fall. But later it entered to upward channel, where the price first made a fake breakout of the support line and then continued to grow to...
GBPJPY at support and demand zone if can't break can rise when break trendline first target of bullish setup 184.26 and second target 184.90 and third target is 185.40-185.60
Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price not long time ago entered to range, in which it declined to the 1.2675 resistance level, which coincides with the seller zone. But at once, the price rebounded up to the top part of the range and then started to decline, and in a short time, the...
Hi guys, this is my overview for British Pound, feel free to check it and write your feedback in comments👊
After price bounced down from $1.2700 resistance level, which coincided with resistance area, it at once tried to back up.
When price reached $1.2700 level again, it bounced again and continued to decline until to $1.2550 level.
This level coincided with...
- Great British Pound seen on a more broader picture of
Weekly Time-frame *W (tf) .
Flirting with Trendline Resistance that rejected price action
on 4 times of interactions previously.
Fakeout occurance would be put to stop by 200EMA coming down as
Resistance Ceiling for GBP/USD
Breakout of Trendline + 200EMA re-testing them as Supports would give
much more...
In last post, I drew your attention to the problem of the UK public debt.
The situation there is critical...
It is logical to expect that the problem with public debt will lead to a weakening of the pound.
High inflation, high key rate, high budget deficit relative to GDP are fundamental factors that will put pressure on the GBP.
According to technical...
hello dear trader
this price action look like roadmap for trading
Maybe I couldn't get my point across in voice
but the levels are completely clear
stop loss need for any position
good luck 🍀
Bullish Setup
The next HH HL is the sinal of the Bullish Trend start
Here’s the 4hr Elliott wave Chart from the 4/14/2022 New York update. In which, the rally to 1.6866 high ended 5 waves from the 2/10/2023 low in wave (1) & made a pullback in wave (2). The internals of that pullback unfolded as Elliott wave double three correction where wave W ended at...
- For sure one of the most easy forex trade setup that i saw in my entire life.
- Buy = 1.05
- Sell = 1.24
- Under 1.05, just go to a church and pray.
- Feel free to check my older DXY analysis to get some clue :
Happy Tr4Ding !
The British pound edged above $1.12 recouping some losses from the previous session The Bank of England’s emergency bond-buying scheme, which was used to cover pension funds caught up in the market chaos sparked by the tax cuts announced last month, I think by Wed or Thursdays we will see price starting to fallin we are monitoring GBPUSD for a selling opportunity...
Traders will keep eyes on global bond markets for next week because if the Bank of England's strange policies continue, it could help gold to rise
while the Bank of Japan, which is concerned about high prices in USDJPY, should intervene in the forex market. In addition to buying yen, they can sell US bonds in the markets and witness fluctuations in bond yields.
...
British Pound/Australian Dollar was able to make a Falling wedge & Inverse Head and Shoulder near the Heavy Support zone!!!
British Pound/Australian Dollar can touch at least the upper line of the falling wedge in the next few days.
Also, we can see the Regular Divergence (RD+) between Price and MACD Indicator.
🔅British Pound/Australian Dollar Analyze (GBPAUD)...
