The British Pound (GBP) has been on a rough ride lately, closing out its fifth consecutive week in the red. But a late-week rally brought some hope, pulling the GBP/USD back from its lowest point in five months. Now, all eyes are on the upcoming week, which is packed with key economic data and a crucial Fed decision.
In this video, we'll analyze the GBP/USD...
🏃♂️ GBPUSD is moving inside a 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴 and Ascending Channel .
💡We saw two Bull Traps over the 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴.
💡Also, these two Bull Traps formed a Double Top Pattern .
🔔I expect GBPUSD to at least drop to the lower line of the ascending channel after the pull back is...
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 traders, I want share with you my opinion about British Pound. Watching the chart, we see how the price bounce back from the level 1.2545, went down, retested the buyer zone 1.2370-1.2345 and increased. The British Pound made a small correction, continued to rise, and subsequently broke through the resistance level 1.2545. Over time, the price has created an...
GBPUSD💥1H-TIMEFRAME ANALYSIS
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With the recent weakness of the USD, we are expecting it to gain some grounds against the British pounds apparently. Looking at the current trendline on GBPUSD chart you can also observe its slopping into a downtrend; execution of your trade should be what matters the most. I have used the short position tool to show where I'll be taking my short position from...
British Pound/Japanese Yen made one of the expected correction patterns at the weekly timeframe. The name of this pattern is Expanding Flat (3-3-5).
British Pound/Japanese Yen was able to complete the Expanding Flat in the resistance zone, and I expect that it will go down at least to the trend line and targets that I showed in my chart.
🔅British Pound/Japanese...
British Pound/U.S.Dollar moved as I expected ✅👇
British Pound/U.S.Dollar is making the Zigzag correction while it seems the end of wave A was completed by Double Bottom Pattern.
I expect the British Pound/U.S.Dollar will go up until the target that you can see in my chart.
🔅British Pound/U.S.Dollar ( GBPUSD ) Timeframe 1H⏰.
Do not forget to put Stop loss for...
British Pound/Canadian Dollar is running in the Heavy Support zone and near the lower line of descending channel.
I expect the British Pound/Canadian Dollar to go up to the middle line of the descending channel.
It should be noted that this growth will be temporary.
🔅British Pound/Canadian Dollar (GBPCAD) Timeframe 4H⏰.
Do not forget to put Stop loss for your...
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)...
British Pound can make a Regular Contracting Triangle, and now it seems that the Pound was able to find point D of the Triangle in the Support Zone & the lower line of the triangle & SMA 100 (Daily TF). I expect that the Pound can go UP to the upper line of the Triangle, and then again Pound will go DOWN to the Important Support Line.
🟢Support Zone🟢: 1.932 NZD...
ZEYAN here!!!!
I'm looking at the market as a bear, and as far as I can tell, in the medium term, it's more bearish then bullish
This is a general idea of how I view the market; I use algorithms to determine trend and different entry techniques; please do not take this information at face value; conduct your own research.
If you want me to analyze your charts,...
In this video, I breakdown why the pound has been going up in value against the Japanese Yen since 2020 as higher interest rates in the UK is attracting money out of Japan and into the UK.
I also show why currency traders are only buying this currency pair as UK Rates make it profitable to hold this trade open overnight as you get paid FREE money into your...
Fundamentals
Key Points:
1. Markets are expecting UK Inflation to overshoot the central banks' 2% target and reach 3.35% in the coming years.
2. UK 10 Year Bond yields have been rising as a result of high inflation expectations.
3. Against countries like Japan, Switzerland & Germany the UK 10 Year Government Bond Yield is more attractive for investors...
British Pound shows an upbeat movement even though in the light of Brexit struggles. I can totally understand why the market is on sideways or consolidation phase. The trigger for British Pound to become bullish will be the favourable deal on Brexit anytime soon.
Key Trading Plan:
i) LONG if the price breaks the resistance of 126.00 with the Take Profit...
Key Trading Plan:
i) SHORT from the current price with the Take Profit Target 1 at the support level of 122.5 and even lower at 121.1
ii) LONG if the price breaks the resistance level of 128.4 to the Take Profit Target at 130.1
Pattern: Channel Down.
Signal: Bearish as the price is below the 1W MA20.
Target: 11.1000 (potential contact with the 7 year Higher Lows trend-line).
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Previous GBPNOK signal:
