As the markup demonstrates, GBPAUD has double topped on H4 and has been in a consolidation for more than 3 weeks. Aussie has held gains even with Gold falling but I believe this is partly due to Crude rallying (as the Aussie is a commodity strong currency) and dissipation of trade war fears. Taking the simple technicals and overall market fundamentals into...
The Pound/Swiss Franc cross is a lower volatility pair that is tempered by the currencies' economic and geographic proximity. The Swiss Franc is considered a benchmark safe haven currency due to its history as a refuge for wealthy individuals from foreign shores looking to safe guard capital. In turn, the British Pound is one of the premier reserve currencies and...
Gbpusd formed a heads & shoulder pattern + broken neckline + broke out of an ascending channel in H1 timeframe Wait for 2nd retest to neckline + broken Trend line for shorts
Wait for retest of resistance before entering
Confuences between 38.2% retracement, 61.8% retracement, the monthly support level of 1.40 is going to be retested and a candle forrmation of a "ladder bottom" to be confirmed with the monday`s candle, key level on Daily candlesticks + MA`s crossed to the upside, next target is the -27% extension (1.4310)
The British Pound against the US Dollar is one of the oldest currency pairings in the world. The pair is often called 'The Cable', as the first transatlantic communication cable run across the floor of the Atlantic, connecting Great Britain with The United States, was used to transmit currency prices between the two economies. 'The Cable' remains a favorite of...
The Euro/Pound represents a cross between two biggest economies in Europe - the Euro-zone and the United Kingdom. Given the economic proximity and interdependence between the two, the pair is significantly less volatile than many other Euro or Pound based crosses. The pair is particularly sensitive to changes in monetary policy between the Bank of England and...
Weekly: Shoting star Candlestik + crossed over moving averages to the downside Daily: 50% fibo retracement + retest of the broken trendline done H4: awaiting for a counter trend line confirmed breakourt + crossed over moving averages to the downside
The Yen rally continues to further itself along against most currencies as ‘risk-off’ grips equity markets. Most of the pairs have been trading lower, with GBP/JPY as a holdout due to a strong sterling. However, recent price action suggests that could rollover in-line with the others. A bear-flag is emerging, but has yet to trigger. Should it trade below the...
GBPMXN (weekly) chart is showing some interesting features, which lead me to be long on lower time frames. There is some sort of triangle, wedge, or pennant following breakout. The pattern is holding above a level of support (at this time). Based on experience, this creates a probability for further moves north. The Aroon is showing that the bulls are...
The British Pound (GBP) against the Japanese Yen (JPY) pair denotes how many Yen are needed to purchase one Pound Sterling. GBP/JPY is a pair widely followed by scalpers and forex day traders. Day traders love the wide and volatile swings the pair tends to make on a day by day basis. There is enough liquidity in the pair for scalpers to quickly get into and out of...
The EUR / GBP pair was very noisy during the trading conducted the previous week, but at this point it is obvious that we are in a significant consolidation area. I think the 0.87 level below is the "floor" on the market, just as the 0.90 level above is the "ceiling". I think short-term traders will love this pair in the short term, but I think. In general, we are...
While we remain neutral on Sterling at this current point, GBP may be in for a rocky ride next week with market moving data points including inflation, jobs and wages as well as the latest monetary policy announcement from the Bank of England. And just to round the week off, the EU Council will meet on Thursday/Friday to discuss the latest EU/UK transition period...
European FX - including GBP - is best placed to rally against USD. GBP should find support with rising prospects that Britain may soon start to see the beginning of the end of austerity, as the Chancellor of the Exchequer prepares to announce the smallest deficit in a decade during his Spring Statement on Tuesday. Philip Hammond is expected to announce plans to...
We remain totally reticent on the sidelines when we look at Sterling while Brexit speaks little with the progress observed in recent weeks. Last Friday British Prime Minister Theresa May gave her long-awaited "Road to Brexit" speech, but any chance that this would help unblock negotiations failed when the EU continued to ignore Britain's demands and repeated the...
Pretty simple here. This pair has been range trading for some time. The bearish pinbar yesterday has also indicated that this pair is heading down once more. Nice little swing trade to hold for a few day for a some good pips. Please leave your feedback below.
Looks like we have last bearish leg remaining in GBPUSD to complete ABC bearish corrective wave before Up trend resumes in GBPUSD