GBPCAD, H4 UK August trade data revealed a bigger than expected deficit, of GBP 1.3 bln in the total trade figure, with the visible goods deficit coming in at GBP 11.2 bln. In the 3 months to August, the ex-inflation total trade deficit narrowed GBP 6.1 bln to GBP 0.8 bln, which was driven by both a narrowing in the goods deficit and an expansion in the services...
Here on the GBPUSD 1hr timeframe. Only after a complete top down analysis, I have identified a confirmed harmonic pattern. Which is revealing a downward spiral. I have analyzed and marked up the charts here for your review. I would enjoy receiving your feedback. Happy trading
Possible bearish positioning potential in line with weekly reversal candlesticks Scenario A) 1.305, the low from last week, holds and price rolls over Scenario B) a bigger bounce from last week's declines to 1.31 before price turns lower
I have read that the Labour Party would vote for a second Brexit referendum. I am not sure wether that is bullish or bearish for the sterling. The market is one moody bugger who changes its mind so much. One day, this kind of news would be bullish for sterling, one day it becomes bearish. However, this fresh news (about potential second referendum now that no...
- Breakout of parallel channel - Confluence: 61.8 fibonacci level rejection on H4 which happens to be my H4 resistance level (1.3210) - EMAs crossover with price action below supporting bearish bias - Bearish sentiment on sterling with uncertainty looming over brexit - Price seems to be heading back towards the 1.3000 psychological level - 60 pips target with 30 pips stop
I have placed a market order for a short position on this pairing. This seems to me like a good trade considering the recent impasse in the Brexit negotiations, and the positive correlation (0.78) between movements in oil prices and the Canadian dollar. I have placed my entry @ 1.693. I am looking to take profit @ 1.66. My stop loss will be set at 1.703 for the...
The pair still testing the support level If it goes strong next resistance is 1.2820 That's all that I can say now.
Another clear double top pattern here. Pound will see some turbulence in the coming days with more Brexit headache and the possibility of another referendum. CAD will strengthen on NAFTA progress.
Clear double top on H4 Aussie is seen strengthening near to midterm and a fall in the DXY will push Aussie higher. Aussie has been oversold for many months now so a short squeeze could shoot the Aussie up quite a bit.
GBPUSD is at a previous resistance and is also being met with the Daily 100MAV. The pound risks a reversal at these prices but stops MUST BE KEPT TIGHT because if the upper resistance is broken, stops will be cleared and Cable will rally beyond 1.32xx
Hidden bullish divergence on both H1 & H4 Daily major key level providing support 20 EMA on daily acting as a dynamic support
Quite clear inverse H&S pattern forming here. Best R/R is to go take longs especially if look at the Daily and Weekly timeframes. Heavily oversold and CHF futures are somewhat stretched and primed to be sold off any time now. I'll be looking to add to my long positions on this pair. Good luck!
Classic bull flag in progress after a major rally early in the week. With BoE on tap and CHF overstretched, GBPCHF should continue upwards.
Sterling is not rising despite the weakness in dollar on the back of weaker jobs report. Technically, price is testing a uptrend line it broke. also .618 fib level of a recent bearish swing as well as horizontal structure where the bearish dump began. therefore a short trade seem like a high probability trade. Dan
I am a strong seller on the GBPCAD today as well as other GBP pairs. The GBP has clearly shown no sign of recovery in the near future. Im selling this one. Check out my analysis and I would love your feedback. Happy trading