Preferred direction: BUY Comment: After a busy weekend, the market is coming to its senses. There was no downward gap in the euro due to the worsening geopolitical situation in the Middle East. Short-term bearish sentiment remains, but a potential recovery can be expected within this week. Growth is expected towards the level of 1.08000 . Two scenarios are...
EURGBP rallied earlier in the week but reversed its course on Thursday after failing to clear trendline resistance at 0.8570, with prices dropping towards the 50-day simple moving average at 0.8550. The pair is likely to stabilize around current levels before mounting a comeback, but in the event of a breakdown, a dip towards 0.8520 and potentially 0.8500 could be...
EUR/GBP rose unusually on Friday as risks of a broader conflict between Israel and Iran eased. In addition, it is seen that inflation will decrease sharply to the target level in the coming months, sending a dovish signal to the market. The bank needs to remain restrained in its policy stance. However, he echoed Ramsden's comments by saying that the committee is...
Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price continue the retracement to fill that huge imbalance lower and then rejects from bullish order block. Like, comment and subscribe to be in touch with my...
Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a not long time ago started to decline inside the downward channel, where it first rebounded from the support line and rose to the channel's resistance line. But after this, EURGBP bounced from this line too and continued to decline in the channel...
Yesterday I SHORTED this pair from just below the WR1 pivot. There was French and German Flash Manufacturing & Service PMI this morning so I banked the profit and waited to see what the print was. All releases came out in green numbers and inevitably this gave a boost to the EUR. Key now was the realease of the same data out of the UK. This too came out in green...
Since the middle of last week we have seen all GB P pairs selling off. GBP/JPY was a gift of a week last week for traders as price repeatedly hit areas of resistance only for GBP/JPY BEARS to push the price south. Every trading day last week the price of GBP/JPY hit the WR1 pivot and retreated and the WR1 and WS1 pivots are key to my trading as you can plot these...
Hey team we are here to update about USDCHF. USDCHF is making the bullish flag pattern and ready for breakout. After this Breakout we can see gain upto 100Pips+ soon. Keep in touch we will update further soon.
Pulse to the upside has retraced over Fib (0.318) level and broke back the Fib (0) level. Direct close on the Fib counts as a direct entry. Not waiting for a break and retest
Account FP - #1080732 EUR/GBP is rising towards a pullback support and could potentially bounce off this level to fall lower. Sell entry is at 0.85638 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 0.85737 which is a level that aligns with the 78.6% Fibonacci retracement level. Take profit 1 is at 0.85498...
Hello,Traders! EUR-GBP surged up sharply And the pair is locally overbought So as the pair is retesting A horizontal resistance level Of 0.8620 a local bearish Correction is to be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Attention Traders, In anticipation of tomorrow's trading session, our focus is on EURGBP, where we're closely monitoring a potential buying opportunity around the 0.86000 zone. EURGBP has recently broken out from a significant resistance level at 0.86000, signaling a bullish shift in momentum. Currently, the pair is undergoing a correction phase, retracing...
✅EUR_GBP price grew again to retest the resistance of 0.862 But it is a strong key level So I think that there is a high chance That we will see a bearish move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
The overall trend on the monthly chart is bullish. On the weekly and daily charts, we have a bearish market structure indicating we are in a correction. On the 4 hour chart, we are awaiting a break of key structure to confirm bearish momentum. I am looking to trade the bullish correction thereafter targeting the disequilibrium between 0.85 to 0.87
Preferred direction: BUY Comment: Gold has not yet recorded a new high against the backdrop of aggravation in the Middle East, and here we adhere to our previous trading idea of going short with a target at the level of 2300 . It is at this level that we expect the downward correction to stop and the upward movement to resume towards the current high. The...
Preferred direction: BUY Comment: The British currency is also looking more for a buy this week, despite the escalation in the Middle East. It was against this backdrop that the American currency strengthened its position, since it is the US dollar that buys the safest asset today, namely US bonds . We identified the most likely scenario as growth from...
Take a look at our analysis for EURGBP. Time Frame: 15m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.8546. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.8541...
✅EUR_GBP has retested a key support level of 0.8530 And as the pair is already making a bullish rebound A move up to retest the supply level above at 0.8555 is likely LONG🚀 ✅Like and subscribe to never miss a new idea!✅