Weekly Chart, Daily, 8 Hr, and even smaller time frames all show a SHORT here. When you take a step back and look at the WEEKLY time frame there is a very clear BEARISH Divergence and DOWNTREND on MACD as well as MACD curling lower and about to break below ZERO Line on Weekly Time Frame. Notice for those interested that Daily, and 8 hr show nearly the same exact...
Happy Friday traders! Time to make an update on GBP/USD. Here is a FIST (Fundamental, Intermarket, Sentiment, Technical) analysis of the pair ahead of the NFP and potential trade deal. FUNDAMENTALS Services and Manufacturing PMIs in the UK came in better than expected, but the main market theme is still whether the UK and the EU will reach a trade deal over...
Looking at the average Elliott wave cycle we are in a downward trend for GU overall. The pullback was a bit extreme but actually only to the 618. GBP strength in this situation makes almost no sense. Brexit & Covid 2.0 with Boris n friends running the show. All that's happening right now is the institutional investors are gathering liquidity. COT Data shows an...
In this special analysis, I show two pars: 1. Euro/Sterling Pound 2. Sterling Pound/ U.S. Dollar So, in general, in both pars we see a good opportunity of both of 200 pips o earning. The difference is that one of the long position and the other hand is for short position. Euro/Sterling Pound: 1. In Daily or H4 timeframe we see that Euro is into the demand...
In this analysis, we see that Euro is more weakness than Sterling Pound and investor are buy Sterling Pound in the cheapest level i you trade GBP/EUR to buoy, but we use EUR/GBP to short!!! ' We see in H4 timeframe a possible descendent triangle that mean a sell on Euro!!! Also, we expect that the next fundamentals will be posiive for Sterling Pound in what we...
As Brexit looms and no deals going through. Fundamentals line up with some techs. As always we set a number of take profits on the way.
-Gbpusd the last few days was respecting technical analysis but the next days till 31/1 will not respect technical analysis at all it will only move fundamentally as we are speaking technical on weekly time frame gbpusd is in uptrend also on daily time frame -what we expect: we expect every down movement is a buy opportunity -fundamentally: Johnson getting brexit...
Looking at the chart we can see a possible double bottom scenario where I will look to take long trades if we can hold structure.
The pair broke the weak resistance level at 1.31041 and continuing it's bearish momentum while giving some easy scalping opportunities. The pair may touch previous resistance level at 1.29800 before a reversal keeping in mind the UK brexit exit on january 31st.
The British Pound surged by 420 basis points against the US Dollar during the early hours of Friday's trading session. The UK general election played an important role in the overall movement of the currency pair. Boris Johnson won the UK Parliamentary election and most likely, Brexit will happen by 2020. By and large, the GBP/USD currency exchange rate might make...
A rather different update here after the latest private polls I have access to come in again. The UK public is completely blind to what is going on behind the curtain, it is evident with a staggering majority of those who voted to leave are not blaming Johnson at all for missing the 31st deadline. In my books, this is worth tracking as it highlights how Downing...
GBPUSD Setup: Price is in very strong uptrend, but I can see a HNS forming maybe price is running out of steam and going to retrace to "refill" some gas. Haha. Overall trend is still strong bullish. This is a counter trend setup. Confluence: BRN Price Action Structure Supply zone Structure Breakout Entry Confirmation: Wait for CRS then sell Entry: Sell...
I have been receiving a lot of questions around the roadmap to Brexit, and with the pantomime starting again soon the aim here is to dissect the possible scenarios to Brexit and provide probabilities in the matrix. Here expecting this to be completed by year-end with Boris sprinting for the finish line. The Government is vulnerable to lose the vote given the DUP...
Hello Traders! Will the Pound drop back to lows again? Good Trades!
Depending on the outcome of Brexit within these two weeks, we could see a bounce or strong break of a 3 year range (since Oct '16). Either way, a deliberate move at range support is expected: If range is respected once more, TP: 0.9200 (+800 pips) If range is broken after 3 years, TP: 0.7400 (+1000 pips) Catalyst for a break of the range will...
HELLO EVERYONE, Coming to Analysis of GBPJPY : --Price has rejected the demand zone formed at 61.8% fib ,. --Currently I am looking for a nice move to the upside when it breaks out of the parallel channel. --The Targets have been defined over Critical Demand/Supply zone to ensure accuracy over the targets. COMMENTS ARE WELCOME >. . To get in touch or our...
EURGBP has been going smoothly along the analysis done days ago, as mentioned on GBPCAD analysis of pound going strong fundamentally (hopefully). This is just a continuation of possible future sentiment of market movements. Retracement might be due to some "rejection of deals" made by parliaments of UK. Please leave your comments/opinions below so we can...