EURGBP hit today the 1D MA100 but so far has failed to cross over it. This is keeping the 1D technical outlook neutral (RSI = 45.430, MACD = -0.002, ADX = 43.111) which is usual after a rebound at the bottom of a Channel. On this particular occasion, it is a Channel Up, rebounding after the 1D RSI turned oversold. However since July 20th, the 1D MA100 got tested...
Another double top, looks like is going down. SL if a daily candle closes above the trendline. The GBP is struggling across the board.
The EURGBP pair is on the 6th day of consolidation following the late November sell-off, trading considerably below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The long-term pattern that has been more established since the February 03 High is a Channel Down and it appears that this is a usual technical consolidation phase before the...
Hi folks today I'm prepared for you British Pound analytics. A short time ago price declined to resistance 1, but at once rebounded and started to move up to resistance 2, which coincided with the resistance zone. EURGBP at once rebounded from this level and fell below, but soon it bounced back and even entered to resistance zone, where it reached the trend line....
GBPJPY remains bearish on the 1D timeframe (RSI = 34.266, MACD = -0.180, ADX = 42.349) despite today's rebound following yesterday's bottom near the S1 level. The key here is that this bottom was made very close to the 1D MA200, which hasn't been crossed since April 6th. The 1D RSI almost got oversold for a moment (near 30.000) yesterday, so all indicators point...
Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a few days ago started to rise in an upward channel, where it first declined to the buyer zone, which coincided with the 1.2125 support level. After this, GBP bounced from this zone and rose to the resistance line of the channel, and after it...
GBPUSD has been caught up between two long term patterns, a Channel Up since December 2022 and then a Channel Down that emerged after the July 14th 2023 High. Right now it is on the rising wave (dashed Channel Up) of the Channel Down and on the November 29th High got overbought on its RSI (now balanced with RSI = 58.041, MACD = 0.009, ADX = 28.423). Our intention...
As We Talked in The Previous Analysis: On Tuesday 28 Nov, The GBPUSD Reached a Resistance Level (1.27213 - 1.27466) The Price Formed a Double TOP Pattern. Currently, -The Neckline is Broken ! So I Predict a Bearish Move 📉 Let's Wait for Retest... ----------- TARGET: 1.24980🎯
I think the rising wedge is a continuation of the double top bearish pattern. Looks like a retest of the broken support. I'm going to start shorting now, if I see a fake break out of the resistance I'll add. My SL triggers only if a daily candles closes above the resistance.
🏃♂️ GBPCAD has been moving in the Ascending Channel for more than two months and it seems that it can maintain this trend in the ascending channel in the coming weeks. 🏃♂️ GBPCAD is currently moving near the 🟢 Support zone(1.712 CAD-1.700 CAD) 🟢 and the lower line of the ascending channel. 🌊In terms of Elliott wave theory , GBPCAD seems to have...
Hi Traders ! On Tuesday 28 Nov, The GBPUSD Reached a Resistance Level (1.27213 - 1.27466) The Price Formed a Double TOP Pattern. So We Have a Bearish Scenario: If The Market Breaks The Neckline and Closes Below That, We Will See a Bearish Move... TARGET: 1.24980🎯
Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price some time ago rebounded from the support line and made an upward impulse to 0.8765 points, thereby breaking the 0.8700 resistance level, which coincided with the seller zone. After this, the price rose a little more and then started to decline in...
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 A few days ago price declined below $1.2350 support level, thereby breaking it, and then price started to trades in flat. Inside flat, GBP declined to bottom part, which coincided with support area, and at once bounced up. Then, the price declined back and some...
It's been quite long since we had a short-term trade (see chart below) on the GBPJPY pair: This time we found an excellent long-term sell opportunity on the 1W time-frame. As you can see it is cyclical in nature having emerged by the rejection of the price on the Higher Highs trend-line of the 4-month Ascending Triangle. The cyclical characterization stems...
We looked at GBPUSD more than a month ago (see chart below) and the trade that prevailed was a bullish break-out above the 4H MA200: Basically that countered the loss on the Channel Down short, as the pair has entered a new Channel Up trade, which is now supported both by the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). As the price is on...
As We Talked in The Previous Analysis: The GBPUSD Price Reached A Resistance Level (1.24980 - 1.25484) Currently, This Key Level is Broken and Becomes a New Support Level. So, I Expect a Bullish Move. I'm Waiting For Retest... ----------- TARGET: 1.27000🎯
∙ British Pound is also benefitting from weakening USD and falling yields ∙ Bullish trend intact as long as above the ascending trend line ∙ Bulls and bears are battling through the 1.2660-70 level (September 2020 low and August 2018 low) ∙ The above level needs to be cleared for further gains through 1.2850 (200 SMA) followed by the psychological level at 1.30...
Hello Traders ! Today, The GBPUSD Price Reached A Resistance Level (1.24980 - 1.25484) Currently We Have 2 Scenarios: Bullish Scenario📈 If The Price Breaks and Closes Above The Resistance Level ! We Will See a Bullish Move📈 TARGET: 1.27000🎯 Bearish Scenario📉 If The Market Breaks Higher Low and Closes Below That I Will Sell On Retest... TARGET: 1.22260🎯