We have a British pound versus US dollar trade setup ahead of UK GDP at 9:30 (BST) where consensus is pointing to 1.8%. Should we see a beat then we would be looking for British pound to trade to mid 1.31 area before pulling back lower within the descending channel we have highlighted in our trading view chart.
The GDP data lines up with...
EUR failing to break 1.14 on EURUSD again taking it lower on that pair and likewise failing to breach high from early February. More poor growth data out of Europe with sub 50 Manufacturing PMI data. Pair also running out steam at top end of RSI range
Just started learning to trade forex and hoping to get some feedback weather i am using the outer/inner TL's appropriately. Any feed back would be great.
I am predicting there will be a third bounce off the upper TL and will be looking to short the coming week.
ForeverFX Here With Our First Analyses; Please Be So Kind And To Give Us Some Love. Support & Resistance Levels are shown and if you place this trade I hope you enjoy, Yen news is out Thursday and it's looking positive for the interest. We are predicting a strong Yen of 2019 the year of the emerging markets! Especially when the Olympics is hosted there. That's not...
With Brexit a big talking point in Economic News, the is chance of further GBP weakening (Good for Exports) and believe we could have Buyers waiting at the 140.00 level, this is an area reach just recently however we have to go back a Year since the last time this area held, Could it do it Again? Some sneeky Seller perhaps waiting in the wings at around the...
Keeping a close watch on the USD as looks like Sellers are still waiting in the area around 0.6700 Depending on News and Economic Data such as Core Durable Goods Orders and what Fed Chair Powell has to say, these orders could get filled and take price down lower.
For the meantime, price looks to be contained within a channel. For the short term we could be looking for a sell trade with a build up of order at around the 0.8850 area. Depending on the Brexit negotiations (with 9 months to go) and a possible BoE interest rate rise in August, GBP could gain some strength and take price in the downtrend for the long term.
Price for the time looks to be contained within a channel, a big build up of orders looks to be at around the 0.88500 a good place for a sell trade. Depending on how the Brexit negotiations and a possible BoE interest rate rise in August, the GBP could be looking to gain strength in the more longer term and taking price down.
Potential for build up of orders waiting to enter the market at around the 1.5800 area, the could be a good short position for a long down trend. The is a chance of a quick buy trade at around around the 1.56 lev el, however being cautious this could only be very short term.
A quick potential long position could happen before we expect a retracement back to the downside. Some build up of order at around the the 0.7400 area. Or even wait for price to move up and catch the movement for the downturn.
We could be seeing a brief range period until some new events this week, we have what looks like both Buyers and Sellers waiting to make an impact from the news, BOE Governor Mark Carney is due to speak on Thursday at the Mansion House dinner in London along with the Official Bank Rate Release who many expect to stay at 0.5%.
Looks like a build up of Sell orders at around the 1.0150 area, Sellers getting their orders in, this week we have some news releases regarding Retail Sales m/m and Core Retail Sales m/m both of which could have an impact on USD strength. SNB Governing Board Chairman Thomas Jordan is due to speak about the Sovereign Money Initiative at a Vollgeld event. With a top...
Recent Weakness in the AUD against the JPY has meant a downturn in the AUDJPY, We've placed a Fibonacci Retracement on the chart and the fib lines match up with previous support and resistance, we'll wait for a pull back up to the 0.236 line to go short, if that line breaks we can still have a chance at the 0.382 line.