Hello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering...
GBPUSD has been rising since the 'Rare extreme oversold' condition on the RSI (1d) based on our last buy signal and now it reached the middle of the long term Channel Up. By doing so, it has almost risen by +6.75%, the growth range of the last bullish sequence. At the same time, this is the top of an emerging Channel Down. Trading Plan: 1. Sell on the current...
GBP/USD Extends Recovery on Upbeat UK Retail Sales, Targets Set for Further Bullish Momentum The GBP/USD pair continues its recovery on Friday, propelled by the positive impact of robust UK Retail Sales data for November. The Office for National Statistics (ONS) reported surprising resilience in households' retail spending, defying expectations of a sharp...
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Recently price started to decline in falling channel, where it fell to support area, which coincided with $1.2530 support level. After this, GBP bounced from this area and made strong upward impulse, thereby exiting from channel. Also then, price entered to...
Hello,Friends! GBP/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 12H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.095 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is...
Please, check our technical outlook for GBPCHF. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.085. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.099 level. P.S Please, note that an...
Hey Traders, in tomorrow's trading session we are monitoring GBPNZD for a selling opportunity around 2.02000 zone, GBPNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2.0200 support and resistance area. Trade safe, Joe.
GBPCHF has the potential to retrace back towards the identified demand zone, where strong buying pressure is anticipated. Our expectation involves an initial move towards the highlighted demand zone, with a subsequent reversal anticipated.
Forecasting GBP/USD, the British Pound against the US Dollar, based on performance on the daily chart below, indicates that it is still moving within an upward channel. Recent developments have been a response to signals from global central banks in their final meetings of 2023. However, the economic weakness in the UK continues to hinder a strong upward move of...
Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.26500 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.26500 support and resistance area. Trade safe, Joe.
✅GBP_CHF has retested a Strong horizontal support Of 1.084 and then established A double-bottom pattern So we are locally bullish Biased now and we will Be expecting a move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Break of structure towards downtrend. Rectangle drawn over orderblock showing big imbalance area too. On 1hr can see equal high liquidity to be filled. Targetting lower orderblock also has imbalance. Sell limit has been set from 1.10148 targeting 1.08761 (1:4.53 rr).
In today's trading session, our attention is centered on GBPUSD, as we actively monitor a potential buying opportunity around the 1.27200 zone. Previously entrenched in a downtrend, GBPUSD has undergone a notable shift, transitioning into a correction phase. The currency pair is presently converging towards the retrace area at the critical 1.27200 support and...
GBPJPY, a fave of traders who value volatility recently corrected significantly to 181 range from the highs of 183. Recent 4H metrics suggests a close fight between bull and bears -- with bulls having a slight edge now from the current range. A new base may have been formed already at this price range with notable net buying activity registered this past couple...
My dear subscribers, My technical analysis for GBPCHF is below: The price is coiling around a solid key level - 1.0886 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.0926 About Used Indicators: By the very nature of the...
Hello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a...
GBPJPY - 24h expiry A Doji style candle has been posted from the base. Price action looks to be forming a bottom. We are trading at overbought extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further upside is expected although we prefer to buy into dips close to the...
Hello,Friends! GBP/CHF pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.110...