Dear traders! From the previous H2 chart, we see the trend changing, then the market moved into a consolidation phase and reached 1.2681. Accordingly, the resistance area continues to hold the price amid corrections and sell-offs. With the current trend, price reduction is possible. I expect that after the recovery period according to the Fibonacci measurement and...
GBPUSD is trading near the lower boundary of the descending channel. The price has fallen under the dynamic support, which now acts as resistance. We expect the decline to continue after testing the lower boundary of the channel. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity...
Upon analyzing the XAU/USD chart in the 2-hour timeframe, we observe that the price declined from $2370 to $2325! Subsequently, gold rebounded with demand and is currently trading in the range of $2340. It’s possible that after an upward movement, we might witness further decline in gold prices. Keep an eye on the price reaction in the range of $2350 to $2360!...
Dear traders! From the chart, we see the trend changed then the market entered a consolidation phase and reached 1,269 amid changing sentiment. The resistance area continues to hold the price but in the context of the correction and sell-off I expect that after a test of the 34.89 EMA the price reaction to this area will be consistent with a target selling...
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial...
Dear traders! Overall, this week's outlook for GBPUSD is bullish as it recovered and stabilized above 1.2700 after falling to weekly lows below 1.2680 early in the European session on the back of promising Retail Sales data. UK disappointment. USD struggles to find demand on the upbeat risk mood and allows the pair to hold its ground. With a positive outlook this...
The GBP/USD pair weakened to 1.2695 during the Asian session The GBP/USD pair fell to 1.2695 during the Asian session on Thursday. The main cause of this decline was the strengthening of the US Dollar (USD) amid higher US interest rates and reduced expectations of an interest rate cut by the Federal Reserve (Fed) in September. In recent weeks, Fed officials have...
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from...
Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.2763, which is an overlap resistance. Our take profit will be at 1.2696, an overlap support level. The stop loss will be placed at 1.2823, which is a swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...
Dear traders! I still maintain faith in GU's uptrend because the overall trend is still favorable for buyers as the price continues to rise above the 34 and 89 EMA, signaling and creating new momentum for GBP/USD. With the possibility of forming a DOW, using Fibonacci, the price has reached the perfect level of 0.618 i.e. 1.265 and increased sharply up to 1.277...
The Cable (GBP/USD) is currently at pivot and could potentially rise to the 1st resistance. Pivot: 1.2689 1st Support: 1.2607 1st Resistance: 1.2798 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so...
Hello traders, hope you doing great. for upcoming days, I think we'll probably see a downtrend in GBPUSD to specified Level IF the price stabilizes below 1.2734 . so we have to wait and see what will happen. and finally tell me what do you think? UP or DOWN? leave your comment below . if this post was helpful to you, please like and share with your friends. Thanks.
Hello everyone, Brian here! Today, GBPUSD is trading around 1.69, continuing its decline from yesterday. In the short term, this currency pair is forming a cup and handle pattern, suggesting a continued preference for selling. My target is 1.263. What about you? Share your thoughts and ideas for GBPUSD in the comments!
30th May DXY: Retracing, needs to stay above 105 support to maintain bullish, could retest 105.50 NZDUSD: Sell 0.6070 SL 20 TP 65 AUDUSD: Buy 0.6615 SL 25 TP 55 USDJPY: Buy 156.90 SL 40 TP 80 GBPUSD: Sell 1.2680 SL 20 TP 75 (Hesitation at 1.2345) (Double bottom opportunity) EURUSD: Sell 1.0780 SL 20 TP 50 USDCHF: Buy 0.9105 SL 20 TP 40 USDCAD: Sell...
Key Points: Sell Entry: Consider entering a short position around the current price of 1.2750, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2720 2nd Support – 1.2680 Stop-Loss: To manage risk, place a stop-loss order above 1.2810 This helps limit potential losses if the...
Dive into the GBP/USD market dynamics with us as we dissect its recent movements and chart a course for the week ahead. After a brief dip to a weekly low sparked by disappointing UK Retail Sales data, GBP/USD bounced back and steadied above the 1.2700 mark. The USD's struggle to attract demand amid positive risk sentiment has provided support, allowing the pair...
Hello,Traders! GBP-USD retested the Horizontal support of 1.2688 And we are already seeing A bullish rebound so We will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!