Please, check our technical outlook for GBPCHF. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.140. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.152 level. P.S The term oversold refers...
Hey Traders! 👋 For Day 38/100 of our challenge, we will look at an update on our GBPJPY long idea we sent last week. Technicals: (update to tagged idea) - We've rejected the 62% fib retracement - Created a new high above 182.500 - Expecting this break of high to clear 184.4 - If 181.2 is broken to the downside, invalid idea *** Note that this trade was based on...
We have some Hidden Bearish Divergence on the monthly MACD as the GBP is failing to get above the highs for the 3rd time. This could eventually lead to a huge breakdown that could take it all the way down to the 1.618 Fibonacci Extension.
Currency Markets on UK Recession Watch - There has been high volatility in the Pound to Euro (GBP/EUR) exchange rate during the past week. GBP/EUR posted a fresh 9-month best conversion at 1.1735 early in the week before a slide to below 1.1600 after the Bank of England (BoE) policy decision. Weaker than-expected Euro-Zone data helped strengthen GBP/EUR to...
After price expanded aggressively to the upside, it left behind an unmitigated imbalance. It then preceded to retrace back down, forming liquidity above an established demand zone that was formed before the previous expansion. It could potentially use this liquidity, with the aid of the demand zone, to fuel its move further upwards to take out liquidity that was...
Hey Traders, Check this Bullish setup on GBPUSD out. I will be waiting for a clear retest of the 50% fib before smashing the the buy button. Keep a close eye on it.
FX:GBPCHF This look bullish on the higher TF, so we will be looking for bullish momentum setups on the lower TF to go long "disclaimer: this is not a signal, just a trading guide/idea"
Hey Traders, in tomorrow's trading session we are monitoring GBPJPY for a buying opportunity around 181.700 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 181.700 zone. Trade safe, Joe.
Hey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.85750 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 0.85600 support and resistance zone. Trade safe, Joe.
GBPCHF is trading in a bullish trend. The best moment for us to buy is after a pullback. The market has already dropped sufficiently from a current high. I expect growth next week. Target level - 1.146 Please, support this post with like!
GBPUSD is testing a key daily structure support. Analyzing the reaction of the price to that, I spotted a double bottom formation on 1H time frame. To buy the pair with a confirmation, wait for a bullish breakout of its neckline. Hourly candle close above 1.2737 will confirm the violation. A bullish continuation will be expected to 1.2787. Alternatively, if...
this pair is currently trading in an uptrend. with price currently at support, we would be looking out for a confirmation on the 1hr time frame to go long on this pair.
GBPNZD formed a classic cup & handle formation. The market is trading in a long-term bullish trend. The neckline of the pattern is the only obstacle for the buyers now. Its breakout will initiate a trend-following movement to new highs. Daily candle close above 2.075 will confirm the violation. A bullish continuation will be expected then to 2.085 ❤️Please,...
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.27400 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.27400 support and resistance zone. Trade safe, Joe.
Bullish Divergence formed on UK100 30mins, place your buy stop or wait for LH to break. Manage your Risk Accordingly!
GBPUSD GBPUSD can stable at the negative zone for today after the negative result for Manufacturing PMI so that will support the falling to reach 1.2655 and under it will be 1.2600 but if reversed and breaks the trend line about 1.2764 then will touch 1.2800 and above it 1.2841 pivot price: 1.2735 resistance prices: 1.2780 & 1.2800 & 1.2841 support price:...
Here is my latest structure analysis for GBPUSD. Horizontal Key Levels Resistance 1: 1.2820 - 1.2850 area Support 1: 1.2630 - 1.2680 area Support 2: 1.2485 - 1.2515 area Vertical Key Levels Vertical Support 1: Rising trend line Consider these structures for pullback / breakout trading. ❤️Please, support my work with like, thank you!❤️
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.