Details on chart - looking to see continued HTF buys with the structure & sentiment remaining bullish
Hey traders! For Day 12/100, we're looking at GBPUSD downside risks. On the technicals side: - Overall bearish trend - Created strong resistance + 62% retracement - Break of HH-HL retracement structure - Break below 1.244 support - Now retesting that previous support as resistance - We're looking to take sells anytime now if it selling signals on H4 and H1...
Hey Traders, Check this sell opportunity out on GBPCHF. The pair is in an overall ranging market and the next phase down to correct the FVG just made a nice pennant pattern. I will be anticipating for a break and then jump into a sell trade. Watch out.
Sell break the Trend Wait for Restest Mothly RSI below 60
Foreign exchange forecasters at ING expect that the US Dollar can maintain a firm tone in the short term. It does, however, expect notable deterioration over the second half of the year which will trigger rate cuts. The bank expects that yield spreads will move against the US Dollar with the Bank of England resisting any rate cuts. The bank expects that the...
On GBPCAD, we have a primarily bearish setup with a price that attempted to change its structure on Friday without success. This morning, the price created a short setup with the entry point highlighted in yellow. All of this follows the Forex48 strategy. Let me know what you think. Happy trading to everyone. Forex48 Trading Academy
GBPJPY formed a huge cup & handle pattern formation. The market is currently testing its neckline. If the price breaks and closes above that, it will initiate a bullish continuation. Next goal for buyers will be 174.7 In order to confirm a breakout, we will need a daily candle close above. ❤️Please, support my work with like, thank you!❤️
GBPNZD reached a key horizontal structure support on Friday. The price formed a tiny double bottom pattern, approaching that. Its neckline was violated then and the pair is retesting that at the moment. I suppose that the market may bounce from the underlined blue area. Goals for buyers: 1.989 / 1.995 ❤️Please, support my work with like, thank you!❤️
GBP/USD SWING TRADE TO PLAY OUT OVER WEEK Linear regression channel hit w/bullish candle Waiting for 21 ema cross RSI O/S & Coming out MACD CROSS When all criteria met and in confluance we take trade. Long- 110.75 Tp-127.11 Sl-104.77 RR-1:3 Margin-100k/5%/5k Lev-3X
Foreign exchange forecasters at ING expect that the US Dollar can maintain a firm tone in the short term. It does, however, expect notable deterioration over the second half of the year which will trigger rate cuts. The bank expects that yield spreads will move against the US Dollar with the Bank of England resisting any rate cuts. The bank expects that the...
Hey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.87150 zone, EURGBP is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.87150 support and resistance zone. Trade safe, Joe.
**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 me some coins on tradingview! 😁 Thank...
Watching for more clues to see if i want to long GU.watch..it might jus break lower as well. **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...
The Pound to Dollar (GBP/USD) exchange rate hit 12-month highs at 1.2675 on May 10th before a retreat to 1.2400 amid a dollar rebound. The Pound to Euro (GBP/EUR) exchange rate also hit 2023 highs close to 1.1550 before settling just above 1.1500. Pound Sterling: UK Outlook Half Full or Half Empty The UK fundamentals have improved over the past few months...
The Pound US Dollar (GBP/USD) exchange rate ended the weekly session on a high, quoted at 1.24453 as currency markets closed. EUR/USD had also risen on Friday, bolstered by weakness in the US Dollar, sparked by Fed Chair Powell's US banking sector comments, profit-taking and a correction. The Pound Sterling had been relatively resilient towards the end of the...
The GBP/JPY pair experienced a significant decline below the 172.00 level, triggered by an unexpected surge in inflation rates in Japan. This sudden rise in Japan's inflation numbers, exceeding projections, is not anticipated to have an impact on the Bank of Japan's (BoJ) prolonged ultra-dovish policy stance. Market participants do not expect the Bank of England...
GBP/USD reclaims 1.2400 levels as US Dollar weakens anew, focus on Powell's remarks The GBP/USD currency pair is witnessing a resurgence above the 1.2400 threshold, after exhibiting signs of exhaustion in its downward momentum. The Cable is striving to recover ground as the US Dollar experiences a corrective decline in tandem with the retreat in US Treasury bond...
Foreign exchange analysts at BNP Paribas suggest the Euro (EUR) is tipped to rise against the Pound Sterling (GBP) in the near-term outlook. They believe that although UK data has been surprisingly strong recently, the underlying data strength remains subdued. "UK data have been surprisingly strong recently, but surprises tend to mean revert and underlying data...