Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86500 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.865 support and resistance zone. Trade safe, Joe.
We're seeing price approach a major support level at 1.2680 which is a historically strong support level. It also lines up with Fibonacci confluence of 38%, 50% and 100% (projection). On top of that, there's a nice bit of bullish ichimoku cloud holding prices up. If price were to bounce from here, we could see it inch up towards the 1.2832 level which is the...
These are just my ideas, what I’m expecting, and why, with this week’s the big fundamentals. Overview Big market-moving news this week with Wednesday’s UK CPI, Thursday’s BoE Interest Rate Decision and Forecast, there is also FED Powell’s testimony in between the UK events on Wednesday. Several things could play out with the UK news, which is what my scenarios...
GBPAUD - 24h expiry - We look to Buy at 1.8750 (stop at 1.8690) Previous support located at 1.8800. Previous resistance located at 1.8850. There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be...
Hey Traders! 👋 For Day 35/100 of our challenge, we will look at a data-backed NZDJPY long idea Technicals: - Impulse higher on break of 179 - High created at 182 res. - Now retracing lower - Expecting 179 to be retracement extension - But if price doesn't extend down to 179, look for a break and retest above 182 res. Today is a harder one as we have too many...
The GBPCAD currency pair is in an upward phase by reaching a PRZ zone. ⭐The bullish signals in the PRZ area are: - Trend line - Breaking the descending channel - Moving MA20 -Pivot weekly ⭐ and the bullish signals of market momentum are: - Hidden divergence in MACD ✳️ Note that you should wait for the break of the trend line and a pullback to it, or enter into...
Details on chart - looking to see pullbacks on GJ before continuing with the HTF trend of bulls
Resistance broke at 140.880, Im watching news also as we have had recent strength in the Dollar, this could push UJ to break the next resistance zone around 141.4. Patience waiting for the right entry.
A Large Distribution on EURGBP Looking to sell, waiting for another test will complete the schematic./ Like and Follow :) What do you think of EURGBP??
On Monday, the pound reached its highest level against the euro in 10 months, at 85.25 pence, as investors await the British inflation data and the upcoming Bank of England decision. However, the currency pair quickly rebounded to the support level of the previous week, at 85.42 pence, but is perhaps now tracking down again. In recent weeks, the sterling has...
GBPCAD got rejected on a LH trend line of a short term Channel Down pattern inside a wider, long term Channel Up. As the 1D technicals are borderline green (RSI = 56.107, MACD = 0.0002, ADX = 32.690), we will proceed with a buy position only if the price closes the candle over the LH and target the Resistance (TP = 1.71415) and similarly sell only under the 1D...
Hey Traders, in today's trading session our focus is on GBP/CHF, where we are actively monitoring a potential selling opportunity around the 1.15400 zone. Technically, GBP/CHF is currently approaching a significant support and resistance zone on the daily timeframe, leading us to anticipate a possible rejection from this level and a subsequent downward...
Bulls Dominate Market: Upward Trend Intact Hello. After a correction, because bulls dominate market we can say upward trend is intact. 🛒 GBPJPY - LONG 🛒 📈 1h TimeFrame 📈 🚀🚀🚀🚀 🚀 Follow Me 🚀🚀🚀🚀 ✅ Random Win Idea ✅
Bearish on DXY Draw on Liquidity: -4H Wick C.E ( 101.772 ) ----------------------------------------------- Bearish on EURGBP Draw on Liquidity: -Daily Volume Imbalance ( 0.84827 ) ----------------------------------------------- Bullish on GBPUSD (Until the higher timeframes show a willingness to move lower) Draw on Liquidity: -Weekly...
Looking for sell opportunities in a new bearish trend formation. Use proper risk management. Happy trading!
Hey Traders, In anticipation of tomorrow's trading session, we have identified GBPUSD as a currency pair to closely monitor for a potential selling opportunity. GBPUSD is currently trading within a persistent downtrend, and at present, it is undergoing a correction phase. This correction phase is noteworthy as the currency pair is gradually approaching a...
BNP Paribas 2023-2024 Exchange Rate Forecasts Euro Can Secure Capital Inflows The bank maintains a broadly constructive stance towards the Euro. It expects that the ECB rate hikes and quantitative tightening will encourage foreign inflows and domestic repatriation. Although BNP expects that energy prices will strengthen, it does not expect a return to 2021...
Trend direction could have flipped on d1, watching for pullbacks. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you...