British Pound Currency Index BXY

EidangerGutt Pro

BXY weekly might have a bearish closure as this morning star pattern have appeared, most of the time the next candle is usually bearish (70% of the times ish). This bearish candle might hit 121.85 area before a continuation and hit the psychological level 130.00. Clean level with good res/sup history. Overall BXY bearish, but a such big retracement could...

SebiiSb Premium

We can make a case here that this correction might be done but at the same time, I don't have enough data to back that up. If we get an impulsive reaction out of here on the lower degree then I'll be more confident in that case, if not I am looking for another leg down into the Daily Support area which coincides with the Golden Zone.

TradeTrio Pro

April favors Bulls..!!! interesting Fact for the month of April is when first week of April closes a red candle then 5 out of 7 time bulls have taken control plus we have bullish divergence on weekly charts and a possible Double bottom buy on dip recommended

Khiwe

The 130.00 was a surprise, shattering, and ugly for the resistance at 138, so she will go there, soon. But for now, the price will move up for some joy. Brent oil prices will increase then.

mkeneug

There is a chance for the BXY index to rise or fall. This will be determined by the fundamentals that might be coming up. It is a good idea to stay alert on the GBP movements. Anything can happen. The best way to stay intact is to follow what the GBP Currency crosses are giving to you and exercise good risk management.

joehanempat

Forecast GBP index after FED raise interest rate. Maybe im wrong so use best money management. Thank you

Khiwe

Hi BXY is bullish, but it's not clear how bullish because it is within a bearish zone. The candle structure upon the 0.5 Fib has support from 135.39, but it seems weak. -The 136.84 is the nearest target for BXY. Happy Trading... . Khiwe On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being...

claytonjr09

After Creating W on the Weekly Order Block, there are some up coming long trades to be taken through Order Flow plus BTMM One is a reversal off the H1 Bullish Order Block(turquoise) which is highly possible as that's an Immediate 4 hr ID50 The Other is a reversal off the H4 Bullish OB(Blue),Also an ID50 but would have trapped for lower liquidity targets then leave

JasonFosterII

Previous Monthly Candle was a huge Bearish move. Not expecting for price to shoot up. Expecting more of a price continuation. Daily Fib currently around 23.6% 4H Showing resistance and Sell candles forming. If Pound drops it will go hand in hand with GBPJPY Analysis. See related Ideas

khwaqas

Although still on bearish trend but I am counting on reversal from strong feb point. Will go for long from this point.

mkeneug

Thoughts on BXY being weak in the coming days. I'll be shorting GBPXXX pairs coming week if I find a viable setup

Fortune2002

I've been observing the GBP index.... It's quite interesting as it has been flowing in line with d channel... It's down the Support channel of which we are mainly looking for the GBP on a Bullish perspective for the long run on... This is only a trade idea as we don't just take this.. we have our rules for entering nmand exiting... Simply follow your own rules...

SoryKaba Pro+

Increased bearish pressure going towards the next support level. The increased desire for safe-haven currencies has investors looking into USD and JPY

ALIFALPHA

gbp index needs a retest or a pullback at least we will have to look at a dxy aswell inorder to to c gbp's next move

ThinKing_ZAR

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wanfadillah9299

THIS WEEK

miscawidya

I look trend GBP very strong at time frame H1, H4. However GBP still same condition with covid-19 like other country, the first lockdown at there and AUD. Until now AUD not yet significant growth up.

ozzforex

TO CONTINUE THE 5TH WAVE OF C