Great British Pounds Ended last week as the strongest among the major currencies and the uptrend is likely to continue this trading week as the currency pair is set to target 1.3333 mark. A break above 1.35153 will expose GBP to retest its bearish order candle at 1.38000 for a long term move.
In the meantime, we might likely witness a slight pullback to at least...
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With Brexit in suspension and PM Johnson waiting for the respective EU decision, GBP/USD is also flat.
* UK will need the new elections in case the EU provides a three-month extension, as requested.
* It is hard to project the outcome of the election calling, but we suppose that the turbulence would increase on the market...
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GBP/USD can reach 1.30 already this week on a positive wave of a Brexit deal.
* During the past days, GBP has increased in value significantly ag USD against the background of improved outlook of a Brexit deal.
* There is the possibility that the UK government could start legal procedures to avoid asking for an extension...
We have already noted that this week promises to be calm but The Jackson Hole Economic Symposium is an annual symposium, traditionally gathering representatives of all the leading Central banks in the world, might give enough reasons for bursts of volatility.
The most vulnerable are the euro and the dollar. Weak inflation in the Eurozone (yesterday's report...
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In the chart, plotted value is for GBP/JPY which has stronger CONTROL PRICE, value HIGH and value Low . The " Control Price " has complete control 1 to 7 as seen in the chart.
1) The 3 excesses detected at Value High and after the (h) excess with price rotation sellers have complete control over the...
During Friday’s trading session, the British Pound appreciated against the US Dollar by 196 base points or 1.51%, breaking most of the technical indicators. On Monday morning, the rate was located between the 200-hour and the 100-hour simple moving averages at the 1.3197 mark.
In regards to the near-term future, most likely, the resistance level of the 200-hour...
The level to focus on is 1.3526-1.3549, as this area includes two separate ABC targets from January and February.
A break above that resistance range is needed to assume that a more meaningful rally is perhaps developing.
n the downside if this pair breaks below 1.3170 then it will open door for 1.3000 area. if it breaks below 1.3150 then i will look for my entry...
Trend-line joining September high to November high, at 149.00 now. But Brexit news can make this pair so volatile and it can affect our analysis so beware and take your calculated risk.
Interesting to see how this one plays out over the coming couple of weeks. If Britain leave the EU with a Deal, this may give GBP strength against the non EU member Switzerland, however a No-Deal may weaken the GBP (This may only be for the short term until trade deals with other countries can be signed) we believe price is going to be bouncing between the...
Talk about taking it to the wire; we've heard a lot in the press over the past many months about the prospect of a No-Deal between the UK and EU for Britain leaving the European Union. This could go either way, if Britain leaves with a deal this may mean strength in both the Euro and GBP, however a No-Deal may in the short term weaken the Pound, taking price to...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=146.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=148.
TP4: R2=148.4.
Set the stoploss of these orders at breakout of S2=146.2.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.2.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=143.2.
TP4: R2=144.15.
Set the stoploss of these orders at breakout of S2=141.95.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
With the usual news coming from Europe of Brexit and the meetings between the Italian Government and Brussels, we believe the EURGBP may bounce in between two levels until the Italian budget is sorted with Brussels or Brexit is done in March, with a large amount of Sellers at the 0.90900 area and many Buyers at around the 0.89200 area it may mean a major...
This Forex Pair is featuring for the first time on our TradingView blogs.
Current setup: Price has found weakness after failing at the previous resistance level.
Conclusion: We are short in this Forex pair as this has become a high probability trading opportunity. We will add more short trades if the weakness continues.
Any comments or questions, do not...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.288.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.28.
TP4: S2=1.275.
Set the stoploss of these orders at breakout of R2=1.292.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
Midterm forecast:
While the price is below the resistance 0.9305, beginning of downtrend is expected.
We make sure when the support at 0.8965 breaks.
If the resistance at 0.9305 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Trading suggestion:
There is a possibility of temporary retracement to suggested resistance zone (0.9045 to...
This week we've got the BOE Gov Carney Speaking along with Average Earnings Index as well as CPI and Retail data coming out, these are really good pieces of data for the GBP and if positive could be a peice of strength to the GBP agains the Swiss Franc, and with Buyers in and around the 1.3100 area, these could be good trades.
