Hey traders,
I expect bounce on mayor support area or in light support key level ,to previous highs and even further .
Fundamentally :
Fed maybe delay the rate hike so i predict USA dollar weakness coming on.
Technical : I suggest to trade this pair on fibb levels.
Have a good week.
With the upcoming Brexit vote on Tuesday I am once again expecting some GBP uncertainty. In order to take advantage of this uncertainty I'll be looking for a sell to break the current trend line I drew for entry. This should also coincide with a bearish kumo twist and bearish TK cross if this move down does happen. If we fail to break to the trend line or get ...
GBPUSD is still hovering around a weekly support level.
As we mentioned last week, we are expecting/ waiting for a breakout of that support level to go short.
THINGS TO DO WHEN TRADING
1. Analysis the market during weekends for week ahead
2. choose pairs for week ahead
3. look for pairs which has risk off with high return in trading
4. look for Pairs which are in resistance or supportive levels and easy to earn pips.
5. look for pairs with high volatile in the week ahead due to eco calendar
6. watch Bloomberg news ...
Descending Triangle has formed last month, I expect a breakout of the traingle somewhere this week.
To be updated!
Goodluck trading and follow me for more analysis!
As my own point of view, I not sure, market can do anything right? but I'm looking forward on buying the market at 1.27 and I've plotted 1.28 level as watch level as it could come as resistance or support as the market will goes up. not to say it worse or crazy idea, but level 1.20 is the last support level to watch as the market at it lowest on 15th Jan 2017 .
An analysis of the GBPUSD for the past few weeks. As we can see there was a long consolidation zone (long rectangle) which only broke downwards in week 49. It created a third zone where a reversal marked by W was found. However, the reversal is taking a bit too long to break upwards away from its zone, therefore, it is a point to be cautious of.
Apart from the ...
If You have a different point of view Please kindly comment or post your chart image below and Substantiate.
*Note this my projection of price behavior and may be used for trading purpose, However CFDs are complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results. All predictions are ...
Here is the analysis of GBPUSD.
Support and Resistance
GBPUSD has touched the lowest 1.2672 last week and struggling to go up as it has retested multiple times the support line. So at support we intend to go for long on GBPUSD
Elliot Wave Analysis
Cycles of down wave is completed with forming triangles of lower lows and lower highs, but at current value market has ...
Price is currently ranging in-between two major zones, Daily (blue) and Weekly (Gray). At market close, we see that the daily candle closed bearish on a Daily zone, which is now in confluence with the higher time frame momentum. As price is moving, GBPUSD also rejected this 4 Hr zone (Purple), closing as a bearish engulfing on the 1 Hr and 15 minute. Looking to ...
GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre cables accompanied by satellites handle the Transatlantic communications today.
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