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...
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...
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.
The British pound continues to hold onto gains above the 1.3200 level against the US dollar, as traders factor in a possible rate hike from the Bank of England in August.
The GBPUSD pair failed to gain traction above the 1.3300 level, as traders booked profits from the 1.3313 level.
GBPUSD buyers will look for further upside above the 1.3316 level, while...
If the FTSE does continue to slide in price then we could see a strengthening of GBP so a possible build up of orders at around the 1.3200 area, and an arera which has previously been a supply zone.
First of all , I've mapped out the support and resistance's and there is a clear bearish movement, its reached one of the support at the
151.835 key level , we should be seeing a retest pushing back towards the resistance and we should hopefully see it drop down to the 151.183 key level! FX:GBPJPY
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
