Preferred direction: Neutral Comment: Buy-priority for metals remains, but is no longer as obvious as before. However, we continue to shop around. In the very near future, the price is expected to roll back towards the level of 1952, from where buyers will most likely attempt to update the maximum, as we noted earlier. Thank you for like and share your views!
Preferred direction: SELL Comment: Saving the ECB rate at its previous value was not a surprise; the market reacted calmly, but statistics from the United States, which exceeded all expectations, on the contrary, forced the market to move. Against this background, the euro continues to weaken, and technically, the strength of the US dollar can also be seen. ...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity EURGBP I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Daily chart Current trend is bullish, just broke above the 0.870 significant level. H4 chart A pullback to 0.870 region is in progress. IMO a bullish continuation to the next significant resistance 0.885 area is likely. Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades....
FX:EURGBP Break and retest on EURGBP on an overall bullish trend on the Weekly, Daily, 4H, 1H.
EURGBP Channel: GREEN WK Pivot: GREEN AOB: WP CON: EngB BUY Stop: 0.87299 Stop Loss: 0.86946 TP01: 0.87652 TP02: 0.88358 DWR present as a buy setup on 26 OCT, with Channel and Pivot are green bouncing off weekly pivot However, trade is not taken/considered SPX500: SELL DXY: BUY OIL: BUY GOLD: BUY
The EURGBP pair has been trading within a 2-month Channel Up pattern, with the current bullish leg rebounding on the 1D MA50 (blue trend-line) and even recently establishing the 1D MA200 (orange trend-line) as the latest Support. With the 1D MACD on a Bullish Cross since the 1D MA200 break-out, we expect the rally to continue until 0.8000, which represents a new...
Ahead of the ECB rate decision tomorrow, the futures markets see almost zero chance we get anything other than a hold at 4.50%. This falls in line with other economies including the Bank of Canada which held rates earlier today. From a technical perspective the Daily chart is back above the wedge breakout level. I took a Long this morning from 0.87140 after a...
Last week we missed the EURGBP sell as it was too early. This week we are seeing a reversal pattern on H4 and a smaller pattern to sell. 1) There is H4 Divergence present 2) Last week's high is there 3) The pattern looks good for a sell
Preferred direction: SELL Comment: The previous selling idea worked 100%. This is not the end of the downside potential, including today intraday. In the near future, it is expected to approach the lower border of the corridor, which will most likely be broken by the seller. Thank you for like and share your views!
Price is rising towards our sell entry at 0.8731, which is a strong overlap resistance level, aligning with the 127.2% fibo extension and 61.8% fibo projection. Our stop loss is at 0.8766, which is an overlap resistance level, and placed slightly above the -27.2% fibo expansion and 100% fibo projection. Take profit is at 0.8686, which is an overlap support level....
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement and then to reject from bullish order block. Fundamental analysis: On Thursday will be released Interest Rate on EUR followed by ECB Conference, based...
Here I have EUR/GBP on the 1Hr Chart exhibiting a Flag Pattern that looks quite BULLISH. Now my analysis on this pair is pieced together mostly Fundamentally given that EUR & GBP both went through the ringer this morning with the Purchasing Managers Index. BUT, EUR will be taking the cake for the rest of the week for news with: German Business Climate &...
Preferred direction: Neutral Comment: The pound is also taking advantage of the momentary weakness in the dollar and is recovering slightly against this background. The price will most likely reach the level of 1.22370, at which we will most likely have to wait for the short entry point again. However, the second scenario is also not excluded, in which the...
Preferred direction: Neutral Comment: The US dollar started the week with a correction and against this background, competitors began to grow. Special attention, as always, to the Euro. Here the price will approach the level of 1.06318 in the very near future. There's an obstacle waiting for buyers there. As you can see, the medium-term trend remains bearish....
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity EURGBP I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...