Hey traders! Check out my latest analysis on XAUUSD. I've been closely monitoring this market and I believe there's a great opportunity for a profitable trade.
My analysis is based on a combination of technical and fundamental factors, and I'm confident that my insights will help you make informed decisions and maximize your profits. But I also want to hear your...
The prices have been too far away from the MA 200, it is time to have a prices correction, we can see consolidation starting and the sell volume isn't strong.
GBP/USD has been ranging below the 38.2% fib extension, forming double-tops and correcting back to 1.2225-20 zone.
This indecisiveness could be prolonged till the end of this week, or the sellers finally take over the market and drive it further down.
Either way, the overall technical outlook is bearish and could stay that way, till it hit the 1.3175 Dec-2021...
GBPUSD / Daily
GBPUSD has been forming a classic Wyckoff distribution forming on the daily time
frame, recently the price rejected the last resistance zone creating what we
believe to be a LPSY. For our weekly setups, we will be looking to add more sells
in the way down.
Trade safe,
Trader Leo
Hello,
Welcome to this analysis about GBPUSD, we are looking at the 4-hour timeframe perspectives. As already mentioned in previous analysis GBPUSD already developed this main descending-triangle-formation which also already completed with a sufficient breakout to the upside and activated upside targets, besides that now I discovered a further formational...
Sterling has been on another white knuckle ride amidst breaking Brexit headlines that have highlighted the ongoing stalemate between the UK and EU regarding key areas, and especially the hotly disputed and contested issue of fishing rights. Despite divergence on the level playing field and state subsidies, fisheries seem to be the main bone of contention resulting...
PRICE FORMED A 3 DRIVES PATTERN IN BETWEEN 1998 AND 2007 WITH TARGETS PROGECTIONS…;
@1.70470
@1.36830
@1.16617
@0.90590
BETWEEN 2010 AND 2018 PRICE HAS FORMED A 5-0
WE EXTEND A FIBONACCI EXTENSION FROM JUL 14 TO OCT 16 TO APR 18 AND WE HAVE THE 100% RIGHT @0.90590 FOR THE 4TH 3 DRIVE TARGET
PRICE WILL BE FORMING AN ABC 100% SYMMETRY PATTERN @0.90590 WHERE...
D1
Price is over EMA 200
At the same time the volumen is lower then several days ago
RSI on D1 is near 70
We have mixed signals. There is no trade opportunities.
H4
Uncertainty and mixed signals too.
The price is over EMA50
RSI is on up trend
Mix signals show the pound's weakness against the dollar.
That why I see two scenario.
First: 3 descending peaks and...
While EURUSD stays under pressure, GBPUSD managed to show an amazing appreciation – it adds around 100 pips a day two days in a row.
Positive UK data only supported the move, as average wages increased to 2.7% from 2.6% forecasted reaching the highest level in 9 years.
However, there was a fly in the ointment - claimant count number climbed to 18.5K from...
