The EURGBP pair is completing today the first Death Cross on the 1D time-frame since January 21 2021. That is a strong long-term bearish signal on its own. On the short-term though, the price just hit the bottom of its 5 month Channel Down, while the 1D RSI, which is also on a Channel Down, hit its own bottom while turning oversold (below 30.00) for the first time...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86500 zone, EURGBP broke an important support level and currently we are waiting for a correction in order to see a potential retrace of the break out towards more lows. Trade safe, Joe.
Cette paire semble maintenir sa descente. Elle a dépassée son support.
Today's focus: EURGBP Pattern – Range/Descending Triangle Possible targets – .8600 Support – .8670 Resistance – .8705 Today’s update, will we see the EURGBP make a new push lower, confirming its descending triangle pattern? Price broke the main trend setting up its first leg lower. From that point, we have seen a consolidation set-up with a bearish pattern in...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.87 zone, EURGBP is trading in a downtrend and we have noticed a fake out, price got below the trend again and currently in a correction phase in which it is approaching the major trend at 0.87 support and resistance zone. Trade safe, Joe.
✨ NEW: EURGBP...DT (1M/16H) ✨ POSITION TRADE ✨ SLO1 @ 0.8830 ⏳ SLO2 @ 0.8815 ⏳ TP1 @ 0.8375 (shaving 25%) TP2 @ 0.8040 (shaving 25%) TP3 @ 0.7515 (shaving 25%) TP4 @ 0.7200 (closing ALL Sell Orders) BLO1 @ 0.7085 ⏳ BLO2 @ 0.7015 ⏳ As of today, May 25, 2023, the EURGBP pair is trading at 0.8669. The pair has been in a downtrend since the beginning of the year,...
EURGBP is consolidating under the 1D MA200 for the 11th consecutive day which keeps the 1D time-frame near neutrality, despite the marginally red technical indicators (RSI = 43.260, MACD = -0.003, ADX = 36.781). This is a standard bottom formation and since the 1D RSI is rising after hitting the Channel's bottom, the signal gets stronger. The standard rally...
Hey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.97300 zone, EURCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.97300 support and resistance zone. Trade safe, Joe.
Hey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.87150 zone, EURGBP is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.87150 support and resistance zone. Trade safe, Joe.
**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 can gift me some coins on tradingview! 😁 Thank...
The Pound to Dollar (GBP/USD) exchange rate hit 12-month highs at 1.2675 on May 10th before a retreat to 1.2400 amid a dollar rebound. The Pound to Euro (GBP/EUR) exchange rate also hit 2023 highs close to 1.1550 before settling just above 1.1500. Pound Sterling: UK Outlook Half Full or Half Empty The UK fundamentals have improved over the past few months...
Foreign exchange analysts at BNP Paribas suggest the Euro (EUR) is tipped to rise against the Pound Sterling (GBP) in the near-term outlook. They believe that although UK data has been surprisingly strong recently, the underlying data strength remains subdued. "UK data have been surprisingly strong recently, but surprises tend to mean revert and underlying data...
Pound Sterling Forecast: Extended Range Trading for EUR/GBP Danske expects that the Bank of England will increase interest rates for a final time in June. It notes that at least one further rate hike is priced in by markets which will limit scope for Pound buying. It does, however, consider that the Pound is slightly undervalued which will underpin the...
Foreign exchange analysts at ING have updated their latest currency forecasts and predictions for the Pound Sterling Sterling will be influenced by global economic and financial conditions. It notes; “Sterling’s correlation with risk assets has fallen a lot this year – a factor probably helping sterling at the moment.” The Pound will still tend to be vulnerable...
After price broke structure to the downside, it impulsively retraced and retested 4h supply zone. It then reversed, breaking structure on a smaller timeframe which gave us a shift in market structure. Price has now formed liquidity which it could potentially use to push further to the downside
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.87400 zone, EURGBP is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.87400 support and resistance zone. Trade safe, Joe.
Trade Idea: Selling EURGBP Reasoning: Selling into horizontal resistance on the daily chart Entry Level: 0.8709 Take Profit Level: 0.8576 Stop Loss: 0.8754 Risk/Reward: 2.9/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading....
UK: Labor data to keep Bank of England expectations hawkish The Bank of England has made it clear that the decision on June rate hike will be underpinned by the two sets of wage and inflation data out before the next meeting. The first of these unemployment and wage numbers will be out on Tuesday, with consensus expectations not suggesting any let up in concerns...