-MONTHLY RESISTANCE ACTING AS RESISTANCE
-FIRST DAILY BEARISH CLOSURE AFTER 15DAYS (3WEEKS)
-WEEKLY SPINNING TOP CLOSURE (SLOW DOWN OF MOMENTUM)
-FIBONACCI RETRACEMENT LEVELS TO BE MET
-TRENDLINE TOUCH, REJECTING A BREAK ABOVE
Last post: June 27th 2018. See chart.
Review: Price appeared to be looking bearish.
Update: Price has not travelled much since the last post and has mainly been in consolidation.
Conclusion: We need to see major support or resistance levels broken before looking for trades here.
Any comments or questions, do not hesitate to leave them below. Give us the...
The British pound has staged a minor technical recovery against the US dollar after the pair quickly fell towards the 1.2623 level over reports that British PM Theresa May could soon quit. Further medium-term weakness is still expected while the GBPUSD pair trades below the 1.2660 level, with the 1.2550 level is still the overall bearish target. Bulls will need to...
As anticipated, Brexit taking over the headlines and the whistle for PM May's premiership is finally going to blow in extra-time. A bad result today in European elections will act as a catalyst for Conservatives to pull the trigger. After Tories lost over 1,300 seats in local elections, it is likely the Conservatives will finish in 5th today with around 7% of...
Hi there. Current downtrend is loosing momentum. We may see two options, price can form a continuation pattern to continue with the trend or start to form an impulsive move to the upside. First option is likely to happen. Anyway, watch strong price action at the current price for buy.
The British pound has reversed back towards 1.2700 level against the US dollar after briefing spiking above the 1.2800 after reports that the UK may hold a second Brexit referendum. The GBPUSD pair has a bearish intraday bias while trading below the 1.2756 level and may remain weak due to uncertainty over the European elections. Technical indicators on the...
Welcome traders around the world to this new trading idea!
We are looking at the EURGBP pair today and looking for short positions on this pair.
The two horizontal black lines do mark a daily gap, which was filled with the latest price moves. Price did form a new peak high during this uptrend and we want price to do a nice top before its breaks down.
Im Expecting price to push a little higher to touch our trendline where our support will becoming our restistance. Once price is there we could be looking for a good sell entry that give us some nice pips. ofcourse we talking here about a nice swingtrade. lets wait and see how this one will play out.
JPMorgan Chase & Co analysts in connection with the rapid growth of the cryptocurrency market in recent times, and Bitcoin in particular, have thought about the question “what is its fair price?”, so-called intrinsic value. Determining the fundamental cost of cryptocurrency is a very difficult and highly ambiguous question, but considering Bitcoin as a commodity...
The British pound has weakened back towards the 1.2700 support level against the US dollar after the pair found strong selling interest from the 1.2756 level on Monday. Technical selling in the GBPUSD pair is likely to accelerate if bears can force price below the 1.2700 level. The 1.2662 level is the major weekly support level to watch below the 1.2700, with the...
GBPJPY seems like a good short term buy due to a bounce off of the trendline that it is respecting. Also due to the high sell of of this pair that went for a while, it is oversold and thus needs a pullback before continuing it's momentum - REMEMBER THE RULE OF MARKETS - SUPPLY AND DEMAND. I am looking to take profit of 100 pips at around 140.7 though I will be...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=139.8.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=139.55.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
-1.27000 STRONG MONTHLY RESISTANCE WHICH LIKES TO BE REJECTED OR RETRACEMENT EXPECTED
- TWO WEEKS OF BEARISH MOMENTUM, PAIR BECOMING SELL EXHAUSTED.
- I WOULD WAIT FOR A CONFIRMED REVERSAL SIGNS OR A TAP OF 1.27000
This currency is featuring for the first time on our TradingView blogs.
Current setup: Price is declining fast with the next support level far away.
Conclusion: We will be looking for shorting opportunities following a break of a previous low.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!...
The British pound has opened the new trading week on soft footing against the US dollar, with the pair now slipping closer to the 1.2700 level. If the 1.2700 support level is breached, GBPUSD sellers are likely to target towards the important 1.2662 level. Overall, the GBPUSD pair is vulnerable to heavy technical selling while trading below the pivotal 1.2772...