EURGBP is consolidating under the 1D MA200 for the 11th consecutive day which keeps the 1D time-frame near neutrality, despite the marginally red technical indicators (RSI = 43.260, MACD = -0.003, ADX = 36.781). This is a standard bottom formation and since the 1D RSI is rising after hitting the Channel's bottom, the signal gets stronger. The standard rally...
The GBPUSD pair hit our upside target (1.2650) and May 27 2022 High on our last buy signal (see chart below) almost 2 months ago: The price is now on the 1D MA50 (blue trend-line), having closed a candle below it yesterday for the first time since March 16. This is a bearish continuation signal that is targeting the 1D MA200 (orange trend-line) yet again. Our...
Dear followers, This pair create a new rectangle with new support and new restance. We think the price will increase and we could gain 400 pips from this position. If you find this post useful, please subcribe Channel We also give bonus 20% for your deposit at our platform. More details please find it below profile ` s signature.
GBPAUD - 24h expiry Previous support located at 1.8700. Previous resistance located at 1.8800. Indecisive price action has resulted in sideways congestion on the intraday chart. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 1.8650 (stop at 1.8599) Our profit...
Hey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.97300 zone, EURCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.97300 support and resistance zone. Trade safe, Joe.
GBPJPY had big bullish energy last week for majority of the week. I can see a slight retest and then it heading down again.
GBPJPY / 4H Hello traders, welcome back to another market breakdown. GBPJPY is trading around a key resistance level, the price seem to be trading inside a range and yet breakout up. If the range breaks down I'll look to get on the retest. Trade safely, Trader Leo.
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.