Hello,Traders! EUR-GBP has established A double top pattern and then Broke the key horizontal level Of 0.867 and the breakout Is confirmed so I think that We will see a further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
It turned out that GBPUSD violated one more key daily structure support and closed below that. The next key structure that I see is 1.2010 - 1.2055 area. That will most likely be the next goal for the sellers. For shorting, consider the contracting area based on a falling trend line and a broken structure. ❤️Please, support my work with like, thank you!❤️
The Pound (GBP/USD) is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 1.21936 Why we like it: There is a pullback resistance level Stop Loss: 1.22882 Why we like it: There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level Take Profit: 1.20487 Why we...
GBPCAD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.64593 which is an overlap resistance. Stop loss is at 1.65400 which is a level that sits above the overlap resistance level. Take profit is at 1.63857 which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs...
Hy dear Members. Hope you all are enjoying our ideas and analysis. Now we are here to discuss about NZDUSD. NZDUSD is making bearish flag pattern. Here it has Maximum chances we can see a good drop in price after this Breakout. We can see drop upto 300Pips+. Keep in touch we will update further soon.
Hy dear Members. We are here to discuss about DXY. DXY has breaked the main resistance level. Here it has Maximum chances we can see again a good Bullish wave. In this move we can see price around 108 soon. That is a strong resistance level. From that level we can see again good drop in price. Keep in touch we will update further soon.
GBPUSD looks quite oversold. The pair is under a strong bearish pressure for many days. The market is currently testing a solid key daily support. Analysing the intraday perspective, I spotted a falling wedge pattern on an hourly t.f. Bullish breakout of the resistance of the wedge will be a strong bullish confirmation. A pullback will be anticipated then...
Trend is bearish but at the same time, on intraday chart a corrective structure is possible in short term. That said, if the pair triggers a bullish (impulsive) leg, it might be interesting to take a long position on pullback. From a technical point of view, the potential technical rebound should take the shape of ABC Pattern.
UK Retail Sales Miss Estimates, Pound Sterling Faces Headwinds The latest data from the Office for National Statistics (ONS) has revealed that UK Retail Sales in August fell short of expectations, adding to concerns about the country's economic trajectory. The Pound Sterling (GBP) has faced headwinds as a result of this disappointing retail trade data. Here...
EURGBP is trading within a wide horizontal range on a daily. Its upper boundary was reached last week. Analyzing the reaction of the price to that, we can spot a narrow horizontal range on an hourly time frame. Its support has just been broken - it is an important sign of strength of the sellers. I anticipate a further decline now to 0.8666 / 0.865 ...
Hello traders ,what do you think about GBPUSD? This currency has broken its support zone, it is expected to drop at least to the specified level after the correction and pullback to the broken zone. If this post was useful to you, do not forget to like and comment.❤️
GBP/USD Remains Defensive as Market Awaits Key Economic Data The GBP/USD pair finds itself on the defensive below the mid-1.2200s as the Asian trading session kicks off on Monday. Market participants are keeping a close eye on upcoming economic data releases, with the UK's Gross Domestic Product (GDP) for the second quarter and the US Core Personal Consumption...
GBPCAD is attempting to break below a key pullback support and momentum could cause it to drop lower for a potentially bearish breakout. Sell entry is at 1.65366 which is a pullback support; wait for the current 4-hour candle to close below the Sell entry prior to putting on the trade. Stop loss is at 1.66206 which is a pullback resistance level. Take profit is...
GBP/USD at Crossroads: Will Upcoming Economic Data and Central Bank Decisions Define Its Fate? The GBP/USD currency pair has been in the spotlight recently as it struggled to capitalize on modest weakness in the US Dollar (USD). Despite a brief recovery attempt towards the 1.2400 level, the pair lost its momentum, inching closer to the multi-month low at 1.2730....
Hy team hope you all are enjoying our ideas and analysis. Now we are here to discuss about NZDCAD. NZDCAD breaking the pattern. Here it has Maximum chances we can see a good Bullish wave. In this move we can see price around 0.82 soon. Keep in touch we will update further soon.
GBPUSD is under a strong bearish pressure. The price successfully violated 1.23 key daily support and closed below that. Retesting the broken structure, the price formed a tiny cup & handle pattern. The breakout of its neckline is a sign of strength of the sellers. The pair may continue falling. Support - 1.225 ❤️Please, support my work with like, thank you!❤️
GBPJPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 183.325 which is a pullback resistance that also intersects with the descending trendline. Stop loss is at 183.980 which is a level that sits above a swing-high resistance level. Take profit is at 181.758 which is a pullback support that...
Hello traders, Next week BOJ and BOE have important news for us. Those news could devaluate our analysis. NOTE: Entry, SL and TP will be announced in case of breaking the bullish trend-line