GBPUSD OUTLOOK The price perfectly fulfills my last idea and price reached to our target . The pound sterling pair against the dollar succeeded in achieving our expected target at 1.2200 and is putting negative pressure on it to surpass it at the opening of today’s trading, confirming the continuation of the bearish trend’s dominance during the coming period,...
GBPUSD OUTLOOK The pound sterling pair against the dollar shows more bearish tendency to gradually approach our new expected target at 1.2200, and we expect negative trading to continue to achieve additional targets that reach the 1.2135 areas. The descending channel supports the price to decline further, which is organized within the descending channel shown...
UK Retail Sales Miss Estimates, Pound Sterling Faces Headwinds The latest data from the Office for National Statistics (ONS) has revealed that UK Retail Sales in August fell short of expectations, adding to concerns about the country's economic trajectory. The Pound Sterling (GBP) has faced headwinds as a result of this disappointing retail trade data. Here...
I bring today is far from uplifting. As you may already be aware, the British Pound (GBP) has taken a significant hit in the wake of the recent decision by the Bank of England (BoE) to hold interest rates steady. This unforeseen turn of events has left many traders like yourself feeling disheartened and uncertain about the future of GBP. The BoE's decision to...
The GBPNZD was rejected by the upper trendline of the ascending channel on 21st August, 2023. made a pull back to the 2.13930 support. Price is currently being resisted by the EMA-50 on the 4HR time frame. A break below the EMA-50 could push the price down to ultimately re-test the EMA-200 support at 2.10941. On the other hand, the fibo retracement could pull...
Looks like GBP weaks agains USD, a confirmation is on daily timeframe and 4h with head & shoulders formation, so we predict price to hit next support area 1.2400! If u take that trade please calculate your amount of money that u going to risk!
GBPUSD has been bearish since 23rd July. The pair has formed a descending triangle which indicates a more bearish pressure on the pair. The break below the descending triangle could go further downside to the significant support. Support 1: 1.24872 Support 2: 1.23651
Hello and good time, In the GBP/USD currency pair on the 4-hour timeframe, we can consider a short trade. As shown in the chart, I have highlighted two possible price movement patterns: 1) If the price initially reaches its red base, you can enter the trade if there is a trigger. 2) If the price initially reaches its green support base and then touches the red...
GU has been on a long up trend and what we had witness this pass days was just a correction to continue with the trend, However, traders would still grab about 100 pips before the completion of this exhaustion Dancolnation capital would partial take out profits at ever psychological zone
Four pairs on watch for me today, simple plays. Market needs to show its hand first, right now it is a case of staying composed and patient.
GU is was on a brief retracement with some pips drop but now paving a way a massive BEARISH MOVES that may drop about 250 pips for bearish traders According to DANCOLNATION CAPITAL TRADING STRATEGY, We shall be swinging the movement and day trading with TPs at every drop of 50 pips at a psychological levels
The pound has different conditions compared to gold and the euro. I don't think we will see a new bottom. Because the pound is still in an upward trend and we have not seen a structural failure and we are still in an upward trend in a higher time frame. unless the red block order, which is the last floor, is broken and the price is below this block close order. So...
Explanation of each zone: PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with...
The price in the supply area shows a relatively good reversal pattern. Also, the upward trend line has been broken, so we can see the price drop from this area
#GBPUSD the price and chart looks like more bearish move to drop below 1.2605-1.2580, the trend is still on weaken pattern which we can expect more side decline. Today the BoE interest rate decision GBP will make an effect to decide the movement which we may expect downtrend to start bullish confirmation back to 1.2780 above. But if the wave pattern forms it can...
after taking the Buy side liquidity as in 1.28740 GBPUSD hence a short-term sell to 1.28067
Analysis: Breakout of downwards trend (bullish confluence factor) Break and retest of previous resistance (bullish confluence factor) Fib "golden zone" level (bullish confluence factor) Break and retest of downwards trendline (bullish confluence factor) EUR strongest major currency (bullish confluence factor) GBP 2nd strongest major currency (bearish...
GBPUSD if straightly falling from a week so here we are still sure it will keep its fall towards the targeted area. The Main reason of fall will be the FED interest rate to raise 0.25% next week.