The British pound has staged an impressive 18% rebound since its September's lows and is now entering a pivotal week given the upcoming Fed's (Wednesday) and BoE's (Thursday) meetings. Even though the latest signs of economic activity are mostly better or in line with expectations, they actually show that the economy is slowing down and that a recession is...
FX:GBPCAD we need to go more higher to take out te daily swing high liquidity
Hy team Hope you all are enjoying our ideas and analysis. Now we are here to discuss US30. US30 Exactly moved According our analysis. Now here we can see a small Retesting. And after that it will again follow Bullish Trend. Keep in touch we will update further soon.
Welcome back! Let me know your thoughts in the comments! **GBPJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your...
I'll buy around the zones step by step. Long shadows in daily chart was a great sign of buyers power.
Hello friends, I hope you are well Reasons for the downward movement of the pound: 1. The triangle at the end of the trend is broken from the bottom side and it can be called as a trend continuation flag. 2. The dollar is strong at key support and buying expectations are rising, pushing the pound lower. 3. After breaking the chart, the price of the pound moved...
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...