Fundamental side of the idea : The AUD by contrast is currently pressured alongside falling Iron prices. If these prices keep falling then AUD will face weakness. The Australian economy exports large amounts of Iron ore, so its price impacts the AUD. On The Other side we are seeing Inflation climbing faster , and Metals are making new High , and that should...
Technical Overview: - GBP/USD Check out our previous posted analysis Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil...
Hi there. Price is forming a continuation patternto the upside on lower time frame. Wait for the price to complete the pattern and watch strong price action for buy.
GBPAUD broke the H4 trendline and retesting on it. I expect a bullish move all the way up!
GBPUSD H1 has formed Inverse Head & Shoulders pattern after break above 1.4172. The next move would target 1.4234. But, break below 1.4111 would cancel it bullish outlook.
GBPUSD is moving above its MA 100 Monthly (now at 1.4075). While above its MA 100 Monthly then it could go to 1.4376. The STRONGEST RESISTANCE at 1.5018.
FUNDAMENTAL BIAS: STRONG BULLISH 1. Virus Situation Regarding the UK's coronavirus outlook, this remains encouraging with the UK's vaccine program having administered at least one dose to over half of the UK population. Given the current success of its vaccine program, the UK is now in the early stages of lifting lockdown restrictions. While the UK's...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
A retest will be appreciated and I won't hesitate to take that
Gbp/Usd is trading inside the Strong Rectangular range since the Brexit, lacking essential catalysts for an upside breakout/Central bank keep intervening it to support the economy. On daily TF, price is approaching the strong resistance around 1.4200 and likely to make 150-200 pips high to clear the cluster of stop losses / Speculative Sentiment Index is around...
Technical Overview: - GBP/USD Check out our previous posted analysis Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil...
Fundamental bias: Bullish 1. Virus Situation Regarding the UK's coronavirus outlook, this remains encouraging with the UK's vaccine program having administered at least one dose to over half of the UK population. Given the current success of its vaccine program, the UK is now in the early stages of lifting lockdown restrictions. While the UK's coronavirus...
Here is an analysis on the GBP/USD GU is currently trading @ 1.41200 Our expectations on the pair have now turned bearish We have bearish harmonics on both the 4H & 1D chart But GU is still currently bullish as you can see it is still trading within the current trend line If GU breaks above 1.41500 we'd expect it to hit 1.42 before falling back to 1.40, then...
FUNDAMENTAL BIAS: BULLISH 1. Virus Situation Regarding the UK's coronavirus outlook, this remains encouraging with the UK's vaccine program having administered at least one dose to over half of the UK population. Given the current success of its vaccine program, the UK is now in the early stages of lifting lockdown restrictions. While the UK's coronavirus...
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for buy.
Bank of America discussed its expectations for this week’s BoE meeting in a recent note to clients, arguing that risks are tilted to the upside. Bank of America explains: We expect the BoE to endorse market expectations of two rate hikes by end-2024 in this week’s monetary policy report… We look for the BoE to taper QE purchases at next week’s policy meeting....
Rates markets are pricing in faster policy normalization for the BOE With the Bank of England just a few days away, it’s always a good idea to reflect on the rates market and see what it’s pricing in. Looking at the SONIA quarterly futures rates we can see that markets are pricing in much faster policy normalization for the UK compared to the likes of the FED....
Technical Overview: - GBP/USD Check out our previous posted analysis Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil...