GBPUSD has almost touched the Fibonacci 0.382 level from the bottom 1 year ago, trading under both the MA50 and MA200 (1d). The RSI (1d) is rebounding today aggressively being still inside very rare oversold levels, which visited last time during September 26th 2022. This justifies a long term buy but if the 0.382 breaks, the next (and strongest) Support Zone is...
GBPUSD is trading inside a Channel Down on the 4hour chart. The 4hour RSI is heavily oversold under 20.00 and the 4hour MACD is close to form a Buy Cross. Every MACD Buy Cross in the past 30 days has delivered a minor rise. Buy when this Cross is formed and target 1.2220 (under the 4hour MA50). Follow us, like the idea and leave a comment below!!
GBPJPY got flatly rejected on our last idea as it peaked on the HH trendline and crossed under the 1D MA50 (chart at the bottom of the analysis). Even the Channel Up broke downwards and the 1D technical outlook is bearish (RSI = 38.762, MACD = -0.520, ADX = 38.784) officially. A new Channel Down has emerged, which shifted the 4H MA50 to a Resistance after the...
The GBPAUD pair has broken below the first Channel Up (dotted lines) and in extension the 1D MA100 (green trend-line). Currently it is testing the bottom of the second (and final) Channel Up (blue). Technically that is the most optimal level to buy for the medium-term and target 1.997800 (Resistance 1). On top of that, the 1D RSI bounced back after becoming...
Hi folks today I'm prepared for you British Pound analytics. A few time ago price rebounded from the 1.2450 resistance level, which coincided with the resistance zone and entered to downward channel, where GBP started to decline. Inside the channel, the price broke the 1.2450 level, and some time traded below, but soon it continued to fall and in a short time...
GBPNZD experienced a substantial drop, recently reaching levels below the previous lows. There's a possibility it could recover, aiming for at least the last high.
Bullish run at GBPNZD already stop after strong channel up break at Sept 13. 2.0500 as previous support also as fibonacci .382 still hold bearish movement. But if this support break, next bearish target at .618 fibonacci support at 1.9877 with 623 pips target. We can aim for bigger target at 2023 low at 1.8848 with 1661 pips profit projection. This is long term...
#EURGBP peaked during the #GFC @ 0.98 I expect during these coming few years and possibly next financial crisis this to be run. What does this suggest severe weakness in the UK economy Or the ability and the magnitude of easing to come from the BOE to dwarf the ECB's response either way trade with the prevailing trend would be my...
Hi Traders! The GBPCAD Broke a Strong Daily Support Level (1.65373-1.67148) Currently, This Support Level Becomes a New Resistance Level. So, I Expect a Bearish Move📉 i'm waiting for retest... ----------- TARGET: 1.62790🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 When price bounced from $0.8555 support level, which coincided with support area, it rose a little higher, but soon fell below. After this movement, British Pound made strong upward impulse to next support level, breaking $0.8555 level and entering to falling...
The GBPJPY pair crossed under the MA50 (1d) again and is approaching the MA100 (1d). We have a Rising Resistance peak pattern, which is very much like that of May 2021. In fact the whole fractal since its begining (2021) is very similar to today's (since 2023). This most likely turns the pair bearish inside a Megaphone for the remainder of the year. Trading...
EURGBP is on a strongly bullish 1D technical outlook (RSI = 67.813, MACD = 0.002, ADX = 32.512) as it is rising on HL since the 0.84950 bottom. The 1D MA50 has been turned into Support but the price is now approaching the first important Resistance levels for the long term, R1 (0.87025) and more importantly the 1D MA200. If it achieves a candle close above, we...
I bring today is far from uplifting. As you may already be aware, the British Pound (GBP) has taken a significant hit in the wake of the recent decision by the Bank of England (BoE) to hold interest rates steady. This unforeseen turn of events has left many traders like yourself feeling disheartened and uncertain about the future of GBP. The BoE's decision to...
Hello, Welcome to this analysis about EURGBP and the 4-hour timeframe perspectives. EURGBP in recent times is forming some interesting developments especially with the main formation I discovered here this can lead to increased volatility in the upcoming times. Therefore, when looking at my chart we can watch there how EURGBP has formed this massive...
Hi folks today I'm prepared for you British Pound analytics. Some days ago price declined to the support zone, which coincided with the 0.8560 support level, and traded there some time. But later, the price declined more to the trend line, where it rebounded and started to rise close to this line. British Pound rose to the resistance level, which coincided with...
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...
The GBPJPY pair is trading inside a Channel Down with the price currently under its middle. It appears that there is an internal Falling Support holding the Lower Lows since August 25th. Considering that the 1H RSI is oversold, this emerges as the ideal setting for a new buy. Buy now and target the Falling Resistance at 184.250. Previous chart: Follow...