Hello TradingView Family / Fellow Traders, 📈 GBPCHF is overall bullish from a short-term perspective trading inside the rising wedge in red. However , it is currently sitting around a strong supply zone, thus we will be looking for sell setups. 📉 For the bears to take over and activate our sell setup, we need a momentum candle close below the last major...
Analysis of the British pound against the Australian dollar currency pair The market is in 5 ascending waves, and by completing the 5th wave, the ability to correct downwards will be provided Resistance range 1.91550 and 1.92000 The important number is 1.90300 Main support 1.88500
Take a look at our analysis for GBPCHF. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.085. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.088 level soon. P.S Please, note that an oversold/overbought...
This is a moment I've been waiting for. As I have been monitoring GU On the Yearly chart looks like price spent all of 2023 Retracing and 2024 will be a very Bearish year. So we are starting off the year right getting in to move with the trend!
Factors Strengthening GBP: Hawkish BoE: Recent hawkish comments from Bank of England (BoE) officials regarding potential interest rate hikes to combat inflation have bolstered the Pound. This has increased its attractiveness compared to the Canadian Dollar. Optimism on UK economy: Despite ongoing Brexit negotiations, positive economic data releases like...
Waiting for a retest of 1.09570 to short GBPCHF back to Daily level at 1.06012 If you agree drop a like and if you have any questions leave a comment :)
Until price continue holds the 1.2720 level, i would be looking for buying opportunities on intraday timeframes, or if price come to 1.2795 major support level and shows the depletion in bullish momentum, i would be looking for Sell opportunities on intraday timeframes
Hey Traders, in tomorrow's trading session we are monitoring GBPAUD for a buying opportunity around 1.89900 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.89900 zone. Adding a fundamental layer to our analysis, the recent Consumer Price Index (CPI) figures could play a pivotal role in the...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Last week I was mentioning that I was looking at GbpAud since its at a key area of resistance...I mentioned in my video to be open to it breaking up as well..So it did, so far, pullbacks should be to enter on long. Do check out my stream video for the week to have...
We are now 2 weeks in on the new year and as the major players come back in to the market it looks like they spent the first 2 weeks of the year accumulating orders to go bearish. As we come into the new week we are looking for more signs that price wants to go bearish now.
GBP/USD has rebounded and climbed above the 1.2750 level after dipping to 1.2700 earlier in the day. The US Dollar struggled to find demand in the US trading session as the latest data showed a slight slowdown in the year-on-year PPI in December. GBP/USD remains above the lower limit of the ascending regression channel, with the Relative Strength Index (RSI)...
Looking upwards, GBPNOK may start a downtrend to test the 12.80 area again. Weekend ahead, spread and overnight gap might be dungerous here
My dear subscribers, This is my opinion on the GBPCHF next move: The instrument tests an important psychological level 1.0854 Bias - Bearish Technical Indicators: Supper Trend gives a precise signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0777 My Stop Loss - 1.0892 About Used Indicators: On the...
Hello,Friends! Bearish trend on GBP/CHF, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.067. ✅LIKE AND COMMENT MY IDEAS✅
Hey Traders, in tomorrow's trading session we are monitoring GBPCHF for a buying opportunity around 1.08400 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08400 support and resistance area. Trade safe, Joe.
FX:GBPUSD continues to form consolidation in the ascending triangle format. Bulls are gaining strength and trying to break through the resistance zone 1.2780 - 1.2800. The currency pair is in a global uptrend and according to a number of prerequisites this direction may continue. If we pay attention to the TVC:DXY , we can see that the index does not react...
Buying Gold due to the failed close below 2016. I predicted 2012 last week, but to see this I'd anticipate good confirmation. This has not happened yet, CPI has dropped gold over 150 pips, now im expecting a clear push back to 2025+ area. Ive entered at 2016.54, targeting 2029.54 and my stop is set at 2013.54. Gives me a 1:4.33 R/R 1%Risk Entered at the low end...
GBP/JPY - Bullish Channel formation in M30 Chart UK - GDP, Industrial Production, Manufacturing Production and Trade Balance in Next 40 Mins Thank you