Preferred direction: BUY Comment: Gold at this stage is considered exclusively in the medium term. Here, the more likely scenario for the development of events is the second one, however, at the level of 2000 you need to clearly see a long signal. There is a risk that with the next approach to 2000 , the price may fail immediately, and then go up, as is...
Preferred direction: BUY Comment: The buy-priority is still relevant for the pound this week. It should be noted here that the buying power is one of the strongest among the major currency pairs. Short- and medium-term prospects are in favor of the buyer. Inflation in the USA may, surely, make its own adjustments, but nevertheless, technically, the...
Here I have EUR/GBP on the 4Hr Chart! Price seems to be stuck in Consolidation but with a closer look, there tends to be a slight Rising Channel in the mix!! I suspect Next Week (Feb. 11th - 16th) we will see massive movement in this pair simply because of how heavy GBP is with news those days! Now initially this looks like a potential Bear Flag to me with this...
Hello traders, I want share with you my opinion about British pound. Looking at the chart, we can see how the price recently started to decline in a downward channel, where it soon fell to the support line and at once bounced up to the resistance line of the channel. Then GBP turned around and declined to the 0.8570 resistance level, which coincided with the...
Hey Traders, in the coming week we are monitoring EURGBP for a selling opportunity around 0.85320 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85320 support and resistance area. Trade safe, Joe.
FX:EURGBP Hello friends, I have identified the formation target, entry zone, and stop level on the chart. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
As we are already in EU sells, EU made a nice rejection on 15M chart, Expecting the same weakness on EURGBP, where the price stands on a nice 15m level. Low lotsize sells, hold for 2-3 hours max and close, its Friday..
Preferred direction: BUY Comment: Just like for the euro , we maintain the buy-priority for the British pound . Here the transaction has already been moved to breakeven, and scenario №2 is no longer relevant. At the moment, after fixing part of the profit and transferring it to breakeven, one can consider the target at the level of 1.28000 , since there...
Preferred direction: BUY Comment: Today, the mood in favor of buying the euro is still relevant. Half the way to the target has already been passed. It should be noted that the current week is not rich in news; today the most important event, surely, is the initial jobless claims . In general, one can count on more or less active movement only during the...
Preferred direction: BUY Comment: The British pound is also expected to begin a recovery. There are also two main scenarios here, and in this case, it is best to consider both options at the same time. There is still a possibility of updating the local minimum at level 1.25279 . However, buying from current ones is also relevant, since the price may fly up...
Preferred direction: BUY Comment: According to our previous analysis on USDCHF , we are in buy-priority (scenario №2) . There are no changes to make us change our minds. We expect that today, before the weekend, the instrument will pass most of the intended path to the goal, and the best option would be to close the deal before the start of the weekend. We...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85450 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85540 support and resistance area. Trade safe, Joe.
I see eurgbp now in a weekly support after long bearish movement i think the price will go up from here 🔼 EURGBP - BUY NOW - 🔼 AT : 0.8520 ❌SL : 0.84533 ✅ TP 1: 0.85702 ✅ TP 2: 0.85942 ✅ TP 3: 0.86235 ✅ TP 4: 0.86602 ⚠️VERY SMALL LOT SIZE THIS IS LONG TRADE SO SL IS BIG⚠️ GOOD LUCK TO EVERYONE ❤️
EURGBP price broke above the resistance area , after a correction if price continues to hold above support I expect the price to move higher towards the next resistance.. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Pair : EURGBP ( Euro / British Pound ) Description : BEARISH CHANNEL as an Corrective Pattern in Long Time Frame Completed Impulse Correction Impulse RISING WEDGE as an Correction in Short Time Frame and Rejection from Lower Trend Line BREAK OF STRUCTURE and Completed the Retracement at Demand Zone
As EURGBP is following its downtrend, price retraced from the stronm 1H level and slided into 15m channel. The structure (marked with yellow box) has been broken and restested as usual. Next bearish candles gives confidence on shorting the pair back to the 15m channel bottom as first target and 1h strong support as final target.
Hi folks today I'm prepared for you British Pound analytics. Some time ago price traded near the resistance zone, which coincided with resistance 1, but later it fell to this level, reached the trend line, and at once rebounded and made a strong impulse up to resistance 2. In a short time price broke this level, which coincided with one more resistance zone and...
Greeting Traders! In the upcoming week, our focus shifts to EURGBP for a potential selling opportunity around the 0.85500 zone. The pair has been navigating a downtrend and is currently undergoing a correction phase as it approaches the trend at the 0.85500 support and resistance area. Turning to the fundamental landscape, recent statements from the Bank of...