AUD USD has broken a bearish market structure, we need to wait for a retest to get an entry.
The GBPUSD daily chart suggests a confirmed downside break of market structure. While a healthy retracement is ongoing, the 50-61.8% Fibonacci retracement zone offers a possible shorting opportunity if price action confirms on a lower timeframe (e.g., 15m / 5m). Targets lie at the current candle low and prior daily lows (refer to snapshot). Please note: This is...
The dollar steadied in early European trade on Friday as investors focused on mixed U.S. consumer inflation data and the potential impact of the FBI's interest rate cut. Future Federal Reserve System. As of 4:25 p.m. ET (9:25 p.m. Japan time), the dollar index against a basket of six other currencies was trading steady at 102.022, down from Thursday's high of...
This pair continues to grab my attention, particularly as it approaches my 10-hour supply zone. I anticipate a redistribution and subsequent sell-off targeting the equal lows. It's important to note that this is a counter-trend trade aimed at capturing a temporary downward movement to a more favourable demand. Given the substantial liquidity at the newly...
GBPUSD has made a double buttom around pyschological level of 1.27500 show that market might continue moving up. Look at overall chart we can see that whole trend is up so that there is higher probability that price will go up. So it expected to buy at buttom of the the candle set stoploss below the buttom and target a profit at pyschological level of 1.28000
GBPUSD increased slightly in the previous session and is cautiously heading towards the peak of 1.28. Although the buyers have not yet shown dominance again, the prolonged accumulation price range in a main uptrend is a good sign for bullish bets. Brothers continue to hold existing long positions, targeting around 1.30 and SL below 1.26.
Here price has go up and made come down then made a retest . So is expected to sell at zone mark red and take profit at the zone mark green. Apply risk management
GBPUSD continued to recover in the past session after buyers successfully defended the support level of 1.26. Although it is still not possible to break the resistance at 1.28 and create a new peak to confirm the continuation of the uptrend. However, recent price behavior shows that buyers are gradually regaining control of the situation, expecting prices to...
Hello, according to my analysis of the GBPUSD pair, the market appears to be in a negative state. With the pair breaking the pitchfork tool, it also broke the 1.26500 level, which is considered strong support. Which indicates further decline in the coming days. good luck for everbody
This GBPUSD scenario catches my attention due to the intriguing structure that price has formed. Presently, my strategy involves waiting for a slight dip in price to reach the Asian low and touch my 10hr demand zone. Following this, I anticipate a Wyckoff accumulation process, providing an opportunity for a buy position targeting the 10hr supply zone located...
The U.S. dollar is on track to decline annually, weakening from two consecutive years of strong gains as expectations grow for the Federal Reserve to cut interest rates next year. The dollar index against six major currencies hit a five-month low of 100.81, reflecting Wednesday's 0.5% decline and expectations for a 2.6% decline for the year. In contrast to the...
Hello, quick analysis of GBPUSD, just using the pitchfork tool. It's a tool you can't live without. Enables you to know the market trend. Good luck everyone
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD still continues to rise on the third day of the week, trading around 1.26999 and marking a impulsive move. The bullish channel is still working and the pivots points 1.28486 will be marked Asap and 1.3020 will be delivered.
This week's forecast for GBPUSD involves waiting for additional selling pressure to occur before considering buys around the two nearby demand zones I've identified (10-hour and 11-hour). Following the recent reaction from a 7-hour supply, as the price is currently descending, I am anticipating the exhaustion of selling pressure and the accumulation of...
Speculation about when the Bank of Japan will end its negative interest rate policy (NIRP) has been rife, but seen as more likely to come in January than December. Price action in JPY-related FX option markets isn't offering many clues, with increased demand and high volatility risk premiums for both meetings, and also for a speech by BoJ Governor Kazuo Ueda on...
Dear Traders, GBPUSD can drop significant after BoE released the inflation data this morning GBP weakness is inevitable in coming days. While DXY is still recovering from last week FED news on interest rate though DXY has not yet shown a strong bullish sign this week and yet. It would be wise to see some bullish price momentum on DXY to confirm the long term bias...
GBP/USD: Technical Signals Point to Bearish Momentum Amidst Inflation Data The GBP/USD currency pair, after a robust performance on Tuesday, encountered a reversal on Wednesday, shedding over 50 pips during the early European session. The pair's current technical outlook indicates the potential development of bearish momentum. As of now, the pair is undergoing...