Based on Dow Theory, Candle Sticks, and Support & Resistance
i think last week was sighn of down trend powers. its may we will have rejection on marked zones.
GBP/AUD BEARS are getting stronger On currency strength charts, GBP is still weak; while AUD exhibits bullish pressure, positively correlated with Gold surging toward 1900 levels. If the neckline breaks and holds as a new resistance the 1.7 / 1.65 area is very possible =========== * If you like this idea please leave a comment so we can talk about it *...
structure in 4h has changed to bear market. we have to get entry in top of last high. good luck.
consolidaing in rising wedge in 4h timeframe earlier moving sharply to the upside now not has been able to make upside moves also rsi bearish divergence confirming weakness in gbp incase of wedge breakout expecting 400+ Pips bearish move
GBPJPY faked out a few people today when it continued to rally up... it's not quite all the way O/S yet. I see it pushing to next horizontal resistance and then falling back into the 166.000's. Just waiting on patience and both moves are listed.
GBPUSD went up with CPI but fundamentally GBP is still weak so expecting Strong dollar during the week to bring GBP usd down.
The GU will have to sell for about fifty tips now. Entry: Market. Timeframe: 15
As you can see from our chart we have 2 possible zones for GBPUSD to either reverse or pullback from... same rules apply to all and along with pairs, we have a bullish move so dont expect it to reverse without showing us a clear reason for it to do so... by hitting our higher zone we will testing a daily/weekly POI so we will 100% see a reaction of some kind! BUT...
OANDA:GBPUSD I think the price will go down from the entry price of 1.14500 for the GBPSUD pair Pair : GBPUSD Entry : 1.14500 SL : 1.5000 TP1 : 1.1200 TP2 : 1.10750 LIKE AND SHARE IF YOU AGREE! Best of luck!
The GBP/NZD has continued to sink from its recent high of 2.032 and is now well below the 2.000 level that the pair closed below on Tuesday. A major factor determining the movement of this pair is the respective inflation rates data from each country that was released this week. The annual Inflation rate for the United Kingdom rose back to 10.1% in September...
Using SMC (assuming that this is properly executed), we expect that the price is to hit 1.033 levels before an ascent up to 1.1309 then further down again to 1.067 to 1.0595 then ascend further up to 1.1405 wherein 2 scenarios can happen: A. If 1.14650 breaks, then we can confirm an uptrend or B. If 1.135 does not hold, then we can expect 1.03 to break down to...
Fundamentals : UK's GDP is not as lofty as the US GDP. In fact, it is estimated that the UK's GDP will dramatically trend worse this year and throughout the year of 2023. Compared this to the USA, which will have a flat GDP to slightly lower GDP relative to the UK's. It is this big picture that I have in my mind that causes me to go short the pound. Technicals...
The death of Queen Elizabeth II on Sept. 8 beaconed a new era for the UK, coming on the heels of Elizabeth Truss taking office as prime minister and heralding the proclamation of King Charles as the new monarch. These changes could be overwhelming for a country that has known only one monarch for 70 years. Even more daunting is that these changes happened amid...
As the UK will announce a new Prime Minister on September 5th, we might expect heightened volatility in the GBP in the days before and after the election result. Moreover, the new policymaker has the potential to change the long-term trend of the pound, with the potential reforms conducted impacting the UK economy. Only a few days remain until the new prime...
Hello guys, since the GBP is dropping big time since that the interest rates of 1.75% was the only way to save the currency from a giant drop. What does this mean in short term and long term. Short term: We're going to see alot of market manipulation trying to pull the currency upwards. Long term: Interest rates does not work on the long term, at a slow pace we...
FUNDAMENTAL ANALYSIS GBP/NZD Price Impacting Economic Events *( GBP upcoming events are important and leading economic indicators and WILL impact price during trade, increasing volatility and unpredictability ) ……………………………………………………………………………………. GBP TODAY Economic Events: - Unemployment Rate ( 3.8 same as previous ) - Unemployment Claims ( -20.1k higher than...
This is GBPJPY on the 1hr time-frame, price is trending upward which formed an ascending channel and price also got rejected on the third touch of the upward trendline, we might see a strong push to the downside Incase you missed the first entry go to the smaller timeframe and wait for a possible retest of the broken low We react to what we see kindly like,...