Hi guys, this is my overview for British Pound, feel free to check it and write your feedback in comments👊 After price bounced from $1.2675 support level, which coincided with support line, it rose to $1.2990 resistance level. British Pound broke this level and rose to $1.3140 point, but soon rolled down and started to decline. When price started to decline, it...
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...
Hi folks today I'm prepared for you British Pound analytics. A few days ago price bounced from the 1.2685 support level, which is located inside the support zone, and made a strong impulse to the 1.2950 resistance level. Also then, the price broke the 1.2950 level too and rose higher even than the resistance zone, but soon British Pound started to decline. Price...
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some days ago price bounced from support line and rose to resistance line of triangle, thereby breaking $0.8630 level. After this, British Pound started to decline and fell to $0.8565 support level, which coincide with support area. Also, price exited from...
GBPCAD is testing the 1D MA50 as Support on neutral 1D technicals (RSI = 49.135, MACD = 0.001, ADX = 29.493). This is an early buy signal. However since the long term pattern is a Channel Up, the downside potential extends as low as its bottom of the HL trendline. Throughout its formation, the 1D MA100 has constantly provided Support, more specifically three times...
The EURGBP pair is trading within a Channel Down pattern since the February 03 High and right now is attempting to make a rebound on the 1D MA50 (blue trend-line). The Resistance from the recent High is at 0.87025 (Resistance 1) and is near the spot we expect the next rejection to take place as it is also where the 1D MA200 (orange trend-line) is. We will use that...
GBPNZD has turned sideways basically for a whole month (since June 28th) as it is restrained under R1 (2.092225) while being supported by the 1D MA50. This has turned the 1D timeframe neutral (RSI = 53.387, MACD = 0.005, ADX = 22.546), which is an expected technical outcome. We will trade this setup on a breakout basis. A crossing over R1 is a buy signal...
Hi folks today I'm prepared for you British Pound analytics. Some days ago price fell to the 0.8550 - 0.8535 support zone, which coincide with the support level and soon it bounced and made impulse up to the 0.8655 resistance level. After this, EURGBP started to decline and fell lower at the 0.8550 - 0.8535 support zone, thereby breaking the support level, but at...
GBPJPY is rebounding after marginally breaking under the 1day MA50 for the first time in 4 months. This is a similar type of rebound as April 23rd 2021. That sequence traded inside an Ascending Triangle. Wait until the price hits the top and sell, targeting the Support at 177.000. Follow us, like the idea and leave a comment below!!
Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that price a few days ago declined to support line of the upward channel, thereby breaking the 1.2500 support level, which coincides with the support area. Inside channel price rebounded from the support line and made impulse up to the resistance line of the...
The GBPAUD pair gave us an excellent buy signal last time we looked at it (see chart below) on May 9: The price remains within the 6 month Channel Up pattern and is currently rising after a Higher Low formation on the 1D MA50 (blue trend-line) early this week. This is a bullish signal, based on which we are targeting the 1.97300 Resistance. That would be a...
GBPUSD had a technical rejection at the top of the Channel Up. The 1day MA50 is the Support at the bottom of the Channel Up, as it has been intact since June 8th. This is a buy opportunity. Target the standard +4.30% rise at 1.3300. Previous chart: Follow us, like the idea and leave a comment below!!
Hello Traders! On The Daily Time Frame, The GBPUSD Reached a Strong Support Level & Support Line The Price Failed to Create new Lower Low 📉 So, I Expect a Bullish Move📈 ----------- TARGET: 1.31610🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hi folks today I'm prepared for you British Pound analytics. Some days ago price bounced from the support zone, which coincide with the 1.2660 support level, and rose to 1.2850 point. But soon price started to fall and declined to the trend line, thereby breaking the support level with the support zone. Next, the price rebounded up and made a strong impulse up to...
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 A few days ago price some time traded near support level, which coincides with support area. And after price declined below theirs, then bounced up, but soon fell back. Next, price made upward impulse to next level, which coincided with resistance area, and then...
GBPAUD is trading inside a Channel Up and the recent rejection on its HH trendline has turned the 1D timeframe neutral technically (RSI = 51.719, MACD = 0.007, ADX = 31.058). This is a sell signal which on the short term extends to the 1D MA50 (TP1 = 1.891500). If the price action closes a candle under the 1D MA50 and the HL trendline, we will sell again,...
Hi Traders👋🏻 On The Daily Time Frame The GBPCAD Price Reached A Strong Resistance Level (1.73142-1.73784) ! Currently, The Price Formed a Double Top Pattern📉 The Neckline is Broken🔥 So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 1.69440🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
GBPCAD is trading inside a double Channel Up pattern, with a rejection yesterday on the shorter term pattern. The 1day RSI is about to cross under its MA, which has always been a sell signal when on a bullish trend (above 55.00). Wait for its completion and sell, targeting the 1day MA50 at 1.69400. Follow us, like the idea and leave a comment below!!