GBPNZD closed a strong 1D green candle yesterday, the first of this magnitude after almost one month. The 1D timeframe remains bearish technically (RSI = 39.063, MACD = -0.018, ADX = 72.262) so the trend is still bearish but as the 1D MACD is close to a Bullish Cross, and the 1D MA200 is holding, we can take a counter trend buy and target the R1 level (TP =...
Hey there traders, Last day GBPJPY fall from 181.3 at 02:00pm (UTC) It was a sudden fall. No one expect that, that means market will take backup of this fall..... that could be an awesome buy signal...... Follow us for trading idea's Be happy......
GBP/USD Consolidates Near Multi-Month Low Amid Divergent Central Bank Policies The GBP/USD currency pair finds itself trapped in a tight trading range, hovering near multi-month lows reached just recently. While the extremely oversold Relative Strength Index (RSI) on the daily chart may deter bearish traders from piling on, a fundamental tug of war between the...
As we can see GBPNZD has rejected support having broken through the long term ascending channel. According to my chart we've not retested the channel yet (obvs this isn't always the case, but I would have expected it as it was a long term bullish trend), so I'm thinking it will. As this is a retracement trade i'll be looking to TP before my resistance block just...
I think this is a good pair to short, with GBP struggling to get through resistance even with the dip in oil prices. I'm expecting a fall back to support around 1.638 as my target.
I'm expecting a continuation to the downside due to general GBP weakness. BOA held rates at 4.1%, so did BoE 5.25%, however it looks like the UK is more likely to have a deeper recession. I think the pound is generally over expended so seeing further correction. We've retraced 38% of the Fib and looking like a doji forming on the 8hr, if it does I'm looking to short.
Still on the downside for shorts...watching on the h1. **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...
A reversal in GBPNZD is expected as a Butterfly Harmonic pattern is expected to play out at a resistance Level.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.86500 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86500 support and resistance area. Trade safe, Joe.
GBP/USD Remains on the Defensive as USD Surges to Year-to-Date High The GBP/USD pair finds itself in a defensive posture, hovering near multi-month lows reached earlier this week. A confluence of factors has propelled the US Dollar (USD) to fresh year-to-date highs and exerted downward pressure on the British Pound (GBP). The situation appears poised for further...
After price broke structure to the downside, it retraced and formed liquidity below a supply zone that was left behind during the expansion. Price could now use this supply and liquidity to fuel its move down to take out the weak low.
My bias is still lower prices for now (refer to my higher-timeframe ideas). However, am interested to see if these trade ideas play out, at least one of them. What is important to me is the day of week, and the time of day, engineered liquidity, along with any scheduled economic news drivers.
GJ has been in this intraday range and we have now seen a breakout and retest we can aim for some sell trade
GBP/USD Weekly Analysis: Dollar Pause and UK Economic Updates The GBP/USD pair recently experienced a rebound after reaching its lowest level since March, around the 1.2100 area. This upward movement was a result of the US Dollar taking a breather after a prolonged rally, which, in turn, was facilitated by a retreat in US yields and an overall improvement in...
EURGBP is consolidating inside a wide Resistance (1) - Support (1) range since May. Last week, the MA200 (1d) even came into play as a Resistance, rejecting the August bullish leg from breaking over on 4 straight candles. It did however cross over the Falling Resistance of 2023. Trading Plan: 1. Sell as long as the (1d) candles close under the MA200 (1d). 2. Buy...
Hello There! Welcome to my new analysis of GBPEUR. Since GBPEUR formed the major top last month August 2023 it heavily emerged with bearish momentum towards the bearish direction and has not yet recovered since this battered price-action inclinement. Now a big consideration is if GBPEUR finally develops a crucial continuation formation and if the bearish...
Hello There! Welcome to my new analysis of the BXY. Within recent times there are major factors moving the BXY as the inflationary pressures within the BXY are still increasing paired with a historically high interest rate of 5.25% that was seen the last time during the financial crisis of 2008 this is already indicating a high bearish sentiment dynamic that...
Hello There! Welcome to my new analysis of CHFGBP. Within recent times CHFGBP continued with forming a highly important formation in the whole formational structure as it managed to build up bullishly within the major areas of the structure. In this case, I have detected the most prevalent important signs and considerations to determine for CHFGBP and the...