The US dollar value is growing in the foreign exchange market. Although we do not agree with the current dollar state, however that what is happening. We are conscious of the futility of trying to go against the market will, but the sensation of the illogical nature of what is happening and the current dollar value still does not pass. So today we will continue to...
UK monthly retail sales were expected to decrease by 0.2% however, but fortunately, we observe the increase by 0.2%. The pound was trying to gain a foothold above 1.21. Although the attempt failed at the end of the day, we continue to recommend buying the pound both mid-term positions and on the intraday basis. Pound back above $1.21 but not for the log time. US...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.254. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.259. TP4: R2=1.2615. Set the stoploss of these orders at breakout of S2=1.2505. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
With a reference to yesterday funds and volatility, i think so many traders hit stop loss and today i think EURGBP cannot pass from the Keyline because no more strong available in buyers of the market. So i go short position on EURGBP
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
As mentioned in my previous idea, GBPAUD formed an harmonic pattern and a little pullback. However, the pair suffered a bigger pullback towards the reversal zone where it bounced. We should now see the pair dropping to lower levels.
Price now rejecting off strong weekly resistance / 61.8% fibonacci retracement level. Price is not due for a pullback (higher low) which we may see coming shortly before a potential strong move to create a higher high
I think GBP/USD is forming correction pattern "FLAT" and we are in the C wave of flat. Expect sharp fall will coming soon. Is this scenario tell something about "Brexit" ? Who knows. Time will tell. Trade with care. Cheers.