GBPUSD is getting hammered recently on Daily Chart price action indicates a clear over sold pattern and now it's expected to spike back up as a minor correction (even if it's a big down trend)
use these preferences to go Long on Sterling pound:
BUY NOW (CMP)
STOP LOSS - 1.2606
TARGET - 1.29343
Price is approaching our first resistance (horizontal overlap resistance, 50% Fibonacci extension, 61.8% Fibonacci retracement) where we might see a drop in price to our major support (50% Fibonacci retracement).
Stochastic is approaching resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you...
Price bounced off our first support (horizontal swing low support, 78.6% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where we might see a rise in price to our major resistance (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic is also bouncing off support where we might see a further rise.
Price bounced off our first support (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce to our major resistance (horizontal pullback resistance, 38.2%Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is approaching support as well where we might see a corresponding bounce in price.
Trading CFDs on...
GBPUSD is currently holding at the 1.2700 level and as we are analysing this chart
Prime Minister May has announced that she will offer a vote to MPs on a decision of
a second referendum. This is big for the GBP and we should see this market rally to 1.2900.
Sterling pound is getting knocked-off again and again,
In correlation with our previous analysis/trade we're now looking to Short EURGBP as well
with these preferences,
EURGBP SELL NOW
STOP LOSS - 0.88625
TARGET - 0.86436
In this video update, we take a look at JPY and our current position on USDJPY.
The weekly chart formed a bullish pin candle after failing to close below the weekly lows.
This suggests that we can see JPY weakness. Looking across the other JPY pairs
CADJPY and NZDJPY are the currency pairs we want to look for opportunities.
At the moment, the buy/sell interest is sandwiched between the dotted lines. The borders are represented by lines.
More entrance catch of the day.
Support of transactions and instant information in the paid channel. Details in a personal message. Remained 4 seats on June.
Ethereum is currently testing the 260.00 resistance and looks to be forming a bullish breakout pattern.
If price fails to form lower lows here a bullish breakout will become more and more likely.
What do you think the next move will be in Ethereum prices?
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 21st, 2019 and we will be taking a look at the Australian Dollar against the U.S. Dollar. Looking at the 1 hour time frame we can see price action had a minor retracement back to its previous lows not quite reaching them, so it seems as price action is setting in a higher low. If price...
Still within the rising channel, as long as there is no exit from this rising channel we remain in a buying position, the best time to buy is as close as possible to the support line.
Entry price: 1.3427
Stop loss: 1.3250
Take profit: 1.3660.