For most of 2022, currencies were helped by rising yields on short-term government bonds. When looking at the UK bond market, rising gilt yields have reflected expectations of future interest rate hikes by the Bank of England, but ultimately they begin to incorporate more political and fiscal risks into their rate premium. Given the turbulent political climate...
Composite Indicator: TrendSpotter:Sell 50 - 200 Day MACD Oscillator: 50 - Day Average Volume: 301,829 Average: 100% Sell
Storyline: GU is currently in a bearish condition and has been that way for a minute. Basically the whole year so far. Last week price action initiated a sell for the continuation of the trend. Price is currently moving off a weekly OB and headed for 1.03720 which is the -sell side liquidity that lies below the previous range swing low. Follow for...
After finished 5 Elliot waves, now it's time to a,b,c to finish his h&s This is my idea for long time pound will go high
After the crash on Friday, a rally towards 1.24 should start in the next few days.
In just two trading days, the probability that the sterling will fall to parity against the US dollar increased to 60% on Sept. 26 from 32% on Sept. 23 after the UK government's announcement of new tax cuts elevated concerns for the country's economy. Bloomberg estimates that the GBP/USD will have equal value before the end of 2022, based on sterling-dollar...
Due to Dollar Index (DXY) impulsive bullish opening on Monday Market (Asian Session) , can Pound evolved into bullish pullback at the end Week of September ?
TP1 and move SL to BE FX:GBPUSD It's possible that I'll use different entry points, take profits, stop losses and tactics, but my trades will respect the direction as shown on the chart. Trade at your own risk, I'm not a financial advisor.
The pound should probably be on the verge of a correction to the 1.24 area after the crash of the past few months. However, the final low in the area between 0.90 and 0.94 is still on the agenda to follow this correction. It would also be conceivable that the large correction of 1985 to 2007 represents an x at a higher level. This would intensify the downside...
A bullish opportunity recently presented itself on the pound-dollar trading chart. This follows from the bullish harami candlestick pattern which printed just above the 1.14000 psychological level. A stop loss below the same psychological level and a profit target anywhere between your entry and the swing high of 1.22956 could give you a reward-to-risk ratio as...
It was announced today that the Queen has passed away today after a 70 year reign. We look at whether this has affected the pound. For GBP/USD the market has not been affected as significantly as traders may have thought, considering the overall negative market sentiment. The pound dollar continues to consolidate within the range indicated with the daily RSI...
The British pound ( GBP/USD ) hit an intraday low of 1.1406, temporarily breaking below Covid-20 lows and hitting the lowest level in 37 years, before recovering to 1.147 as of this writing. The GBPUSD weekly chart reveals intriguing long-term patterns: The major long-term trend is represented by a falling wedge, with the lower support line set by January...
As #POUNDDOLLAR is in a bearish trend, ofcourse, we all know that. It does not seems to show some kind of bullish pressure though. So, unfortunately, I have to go with the bears. Trend is friend mate. Just follow the trend for some green pips.
We have a double-bottom on the British Pound daily chart. After breaking the daily resistance that you see in the chart photo, it is a good time to trade short --------------------------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be...
Clear Inverse head and shoulders for GBPUSD. If british pound reverses then it can hit 1.7.
In my opinion, just look for buying positions in the British pound this week.
exited my trade when this candle appeared on H1. My indicator for a bullish exhaustion or also known as 'shooting star' RSI has also formed a bearish divergence on H1 indicating a lost of momentum to the upside. Looking at the structure, price has also formed a double top - bearish price structure Overall, this was a pretty solid trade that we took...