Starting things off with GU. heading out of last week we remained within a bearish range and held our trend nicely until our final session of the week, it was at this point we swept out our SWH showing us that we might have some possible for reversal, we are still within our range so wont be jumping the gun for longs until we get a clear entry. iam watching these...
We've broken out of a long-standing sideways channel to the lower side, now bouncing off support to retest the broken channel. I'm expecting a big dump in this paid once the retest is complete, UK economy vs Swiss economy, interest yields etc, no comparison. The Swiss has been a stand-out performer against most crosses this year, GBP has been clinging on but I...
GBPUSD analysis will see a selling opportunity descending from the general downward trend
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...
Hello Traders, Base on technical and wave analysis we see this scenario for #GBPUSD for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
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...
Looking at this pair and comparing it to the DXY index I think there's more likely to be a bounce from here, than a further bearish extension. DXY is failing to break a descending dynamic trendline, it's currently retesting again and showing signs of rejection. Fundamentals were good for DXY today but the price didn't react as I would have expected, which...
GBPUSD - 24h expiry We are trading at oversold extremes. A higher correction is expected. Indecisive price action has resulted in sideways congestion on the intraday chart. The hourly chart technicals suggests further downside before the uptrend returns. Preferred trade is to buy on dips. We look to Buy at 1.2095 (stop at 1.2045) Our profit targets will...
We saw GBPUSD spike today following the favourable employment news and then reject the descending trendline (confirmed with doji and then rejection). Fundamentally there has been negative PMI data (manufacturing was green but still below 50) to support my view, so I think the bigger downtrend will continue. I also don't believe the USD is done yet, it will remain...