The U.S. dollar strengthened as Treasury yields pushed to new highs amidst the political chaos in the UK and the week retail sales from the month of September are not bringing confidence to the Pound Sterling. Despite sinking to the lowest level in recent times and looking at it from a technical standpoint I am of the opinion that bullish momentum could be...
This is a follow-up video to my previous analysis on the GBPUSD where we close the week with over 300pips profit (see link below for reference purposes). Since the price tested the $1.14000 area during the latter part of last week, we observed selling pressure which gives us a clue into the strength of the sellers at this juncture in the market. Despite expecting...
The U.S. dollar plunged as the Pound sterling graduated to near one-week highs which appears to be a result of the intervention by the Bank of England and announcing emergency bond buying. Despite a solid bearish momentum which has characterized this market since the beginning of the year, I am of the opinion that we might be witnessing a temporary bullish...
The Pound appears to have put an end to its three-week losing streak with an attempt to stage a strong comeback after breaking out of the structure during the latter part of last week's trading session. As we head into the new week, I want to be looking for buying opportunities above the key level at $1.15750. Risk Disclaimer: Margin trading in the foreign...
Following multiple rejections of the bearish trendline (daily timeframe); the Pound seems to be initiating a tumbling move after multiple downbeat data releases to set the tone for a possible risk of further decline in price in the new week. In this video, I was able to identify the structure that emphasizes my bearish bias for the week. Last week's update on the...
GBPUSD slumps at the stellar US NFP result on Friday to set the tone for a possible risk of further decline in price in the new week. In this video, I was able to identify the structure that emphasizes my bearish bias for the week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and...
It has been a long bearish drive for the Pound sterling and the long-awaited US dollar correction appears imminent as we head into the new week. In this video, I explained how I intend to take advantage of either bullish or bearish momentum this week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.)...
A rebound for the GBPUSD appears to be in the offing as the bearish expansion reduces during last week's trading session. This video sheds more light on the possibility of a possible bullish momentum evolving despite the long-term bearish drive. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a...
In this video, I have explained my plans of taking advantage of a potential bearish momentum. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole...
The British pound struggled to float above the 1.20000 area before the end of last week's trading session to keep the hopes of a reversal pattern hanging. In this video, I explained in detail how to take advantage of either possibility during the new week with updates coming up in the early hours of the new trading week...See you soon! Risk Disclaimer: Margin...
A simple set-up is identified on the 4H timeframe as we looked forward to the culmination of the retracement of the previous impulse leg to take advantage of a potential bearish momentum. To guide our actions going forward, we have a key level @ 1.23 area where we shall be looking forward to taking selling opportunities only below the key level. Risk...
A significant breakout of the bearish trendline on the 1 Hour time frame appears to be a major signal that the bulls are taking charge hence the reason I am looking forward to a bullish momentum going into the New-York session. So, to make preparation for entry easier, I have identified a key level at $1.25300 that will be a guide to taking advantage of the...
I have just identified a similar scenario to that which we saw in the EURUSD ( this was shared earlier): With a key level at 1.255000 sharing a confluence with the bearish trendline identified in the 1H timeframe, I am looking forward to selling the British Pound going into the New York session... Stay tuned in as regular updates will be shared on my tradingview...
With a breakout of the supply zone at 1.2400 during the course of yesterday trading session, I am of the opinion that buyers are beginning to gain traction with a potential of pushing price further into the selling opportunity zone identified on the daily timeframe. Going into the UK and New York session, the demand zone at 1.234500 shall be our guide for bullish...
The GBPUSD is trading to a new session high since the beginning of last week and has reached its 32.8% retracement of the week's downward trading range as bears refused to give up. However, from a technical perspective; As at the close of the trading week price action is oscillating right within a strong demand zone that has a memory for buying power that spans...
The appearance of a reversal pattern on the 2H time frame coupled with recent bullish traction across GBP pairs, we might be looking forward to a short term recovery and a profit target at a point where the bullish trendline (identified in the 2H timeframe) share a confluence with the key level at 1.26. Risk Disclaimer: Margin trading in the foreign exchange...
We were unable to make some money yesterday as our bearish set-up was disregarded later on in the day as stated in the comment section (see link below for reference purposes). Now, we have been witnessing a consolidation phase since the beginning of the month which appears to be transposed into a reversal structure clearly seen in the 4H time frame. With the...
With over 180 pips profit (3 positions) since the last publication of this pair (see link below for reference purposes); An ambiguous scenario we have here as participants appear to have fallen into an indecision phase right under the 1.259 area (which is serving as our key level at this juncture in the market) - forming a pennant (trend continuation) structure....