Morning outlook - GBP/USD inches higher amid GDP report According to the Office for National Statistics, the temps of growth of British economy spiked to 0.4% in the third quarter. This news gave the cable an upside momentum, which it used to break through the upper trend-line of a dominant descending channel. As there are no significant UK or US data releases...
Entry at 88.6 Stops under X Targets 38.2 and 61.8 If you like my charts please drop a like!
Morning outlook - GBP/USD returns to 1.3200 Despite a sharp fall after release of worse than expected data about the UK retail sales, the cable managed to bounce off from the bottom trend-line of a large ascending channel and by Monday morning restore lost positions returning back to the 1.32 level. However, the pair is not expected to climb higher this day, as...
Cable broke the bullish channel today, i am looking to short around 1.3219-43 for a target to 1.3106, Stop above 1.3292
Morning outlook - GBP/USD loses 100 points Although inflation report matched with forecasts and Governor Carney once again admitted possibility of interest rate hike, the Pound lost almost 100 points against the Dollar just in couple of hours. Such keen reaction shows that the main investors’ concern is related to success of the Brexit talks. From technical...
Pending Long @ 1.3230 Stop Loss @ 1.3080 Target 1 @ 1.3655 Target 2 @ 1.3860 RR Ratio @ 2.83 & 4.2 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
The pair fell down sharply yesterday and broke down the previous level of support. But then the move was stopped by the new volume level 1.3163 and the price started trading a little bit above this level. Given the abrupt fall and the absence of the significant reaction of the price to the support, we should consider the scenario of its breakdown and opening...
MARKET ANALYSIS: The pair is now trading near the trend line support. Also it has broken the next resistance zone . If the support holds on we can see a huge rally to the next possible demand zone . So lets wait and see what the market does in the coming weeks. Cheers!
Morning outlook - GBP/USD fails to surge above 1.3320 Although the US data release, in general, appeared to be worse than expected, the upside momentum was not strong enough to push the pair above the monthly PP at 1.3322. The presence of a recently formed ascending channel whose bottom boundary is backed up by the rising 55-, 100-, 200-hour SMAs suggests that...
The Pound is still trading a little bit above the support level 1.3225 - 1.3254, where large volume is concentrated. So our previous scenario of opening long positions is actual for this currency pair. We can enter the market after a resumption of the growth of the price after a test of the support level or a smooth correction to it. A stop loss should be placed...
Yesterday GBP/USD showed a V-pattern: first the price fell on the average volume, and then it grew rapidly, with the upward price movement was on very large volume and completely absorbed the previous fall of the pair. This price movement is an excellent bullish signal.Also it is worth noting the formation of a new support level of 1.3225 - 1.3254, in which large...
Morning outlook - GBP/USD tries to cross 55-hour SMA Despite the release of better that expected American income data, the Greenback failed to exploit this fundamental background and eventually depreciated against the Pound. At the moment, the pair is going to start testing a combined resistance set up by the upper trend-line of a recently formed descending...
Hi traders! (This analysis was already shared with current students last Friday) GU dropped quite a lot since that super strong bullish breakout. It is all normal behaviour since this run didn't have no real corrections, no real breathers, no nothing! Also, this happened along with the other majors pairs that got pounded vs USD. Now that the DXY somehow...
For now Gpbusd still bearish and respect his H1-H4 down T-line So a breakout about this T-line can give further move upside for gbpusd. the data Manfacturer and industrial was good but Trade balance very disappoint
GBP/USD showed a smooth growth on Monday and broke through one of the resistance levels. It is worth noting that the upward movement was on small volume, so it cannot be regarded as a market reversal. In addition, the second resistance level 1.3184 - 1.3204 is still actual. It contains fairly large volume and was tested yesterday. Given the presence of a strong...
i am long Gbpusd intraday for 50pips at 1.3085 he is on Weekly support so i expect this rebound of 50 pips STOP LOSS 17 pips just under the recent lows at 1.3055 RR 1/2.2
Morning outlook - GBP/USD trades around 55-hour SMA The British Pound is continuing to trade lose value against the American Dollar in a one-month-long descending channel. Despite a bunch of important macroeconomic data releases, the pair did not make any substantial advances yesterday. One of the reasons for that was the 55-hour SMA, which traders continuously...