Heavy data flow week ahead: UK PMIs and US NFP will be closely watched Important macro data is scheduled to release for the US in the upcoming week that will include the all-important February labor market report. ( NFP & Unemployment ) In the UK, the set of construction and services PMIs are scheduled for the next week together with the Bank of England...
facing a resistance up to fast too short much overbought expecting a legit pullback
Bullish Alt Bat worked as predicted. - see attached - Shortterm trend line has been broken. UK and US inflation data will be released today. A better than expected UK data set could send the pair towards 1.3000. US CPI figures will determine the next direction of the pair. Trading without technicals is like driving a car without the brake. Trading without...
UK GDP, MP & IP data would be released. The direction of the breakout would be determined by the UK data. Wait for the UK Data and Breakout of the triangle. Have a nice week! Trading without technicals is like driving a car without the brake. Trading without fundamentals is like driving a car in the dark with no headlights. Trading with emotions and without a...
I see GBP/USD dropping before making a bullish run, i do expect GBP/USD to drop to my bottom Trendline/Support then make its way up from the trend line
GBPUSD / AB=CD together with Good Structure
GBP/USD could start a bullish impulse in Intermediate (C) (green).
Strong down trend. Nothing bullish to see here. Break of trend would be bullish, but I don't see that happening anytime soon.
Fundamentals: UK Week Ahead: Following FED’s Rate Hike Decision and FOMC Statement on Wednesday, BoE’s Rate Hike decision will be announced on Thursday. In the UK, the focus remains on Brexit and market players don’t expect major changes to the policy signals from the Bank of England. Major Macroeconomic Calendar of Sterling: Wednesday – Inflation...
Tell me what is your choice?? Case 1: Case 2: In week:
TARGET: 66 PIPS TP1: 1.27290 TP2: 1.27017 SL: 1.28200
For long term the trend lines that I follow. You can see below application of the trend lines on 1d graphic.
TARGET: 107 PIPS TP1: 1.28894 TP2: 1.28463 SL: 1.30869
The UK docket has the monthly and quarterly GDP releases today for the third quarter, alongside the trade balance and industrial production, all of which will be published later this session at 0930 GMT. The United Kingdom GDP is expected to arrive at 0.1% m/m in September while the first readout of the Q3 GDP is seen at 0.6% q/q and 1.5% y/y. Meanwhile, the...
Price bounced up from buy level 1.2785 technically it's a signal that price will continue up move. On next week we can look for Buy entries with goal 1.2910. Sell I would like to ope Near sell level 1.2921 because long-term trend is still bearish. Middle term goal for those who will open Sell is 1.2663 Push like and Subscribe.