Note: GBP/AUD follows our prediction last week. We remain bullish on this pair. There are 3 trading plans for this pair: 1. Zoom into H4 chart, there is an immediate resistance line at 1.715x level, wait for price correction or pullback to 20-EMA and bullish signal to long 2. Wait the price pullback to support zone and bullish signal to long 3. If the...
Note: EUR/GBP follows our prediction previously. Now, we remain NEUTRAL on this pair. There are 2 potential trading plans: 1. If the price break the support zone strongly, we can wait for pullback and bearish signal to short with right risk 2. We saw 1 bullish signal previously, we need to wait for another 1-2 bullish signals to entry long
Note: GBP/AUD formed a SWING SETUP! It able to breaks the current support zone and the pullback fall to 20-EMA and Support Zone. After that, few bullish bars shown to bounce back to the bullish trend A high R/R trade to entry now :)
Note: Potential Trading in the Range In H4 chart, it is quite bearish recently and GBP/NZD move up and touched the 20-EMA. We see a possibility that the price might drop further to the support zone. If this scenario happen, we will wait another bullish signal around support zone to call for a BUY :) Caution: BOE's official bank rate on Thursday which might...
Here i have gu. prices seem to be respecting that line on daily timeframe. i am looking for a possible long if i see that line is still being respected. if we see a break of that line i could possibly look for a short entry. i really want you guys to comment what you think and help me out on what i should do and dont. thanks!!
Pound to Dollar forecast for December 2016. The exchange rate for beginning of December 1.23. Maximum rate 1.24, while minimum 1.20. Averaged rate for month 1.22. The forecast for pound exchange rate at the end 1.22, change for December -0.81%. GBP to USD forecast for January 2017. The exchange rate for beginning of January 1.22. Maximum rate 1.23, while minimum...
Follow up on my idea about weak GBP in the last month of 2016: Major GBP pairs (GBP/JPY, GBP/CAD, GBP/NZD, GBP/USD) all experienced decline on Monday, 28 Nov, with most of them hitting resistance levels which are too strong to be broken despite the major GBP increase throughout November. With UK appealing against the court decision on Brexit, GBP could see drop...
GBPUSD formed a falling wedge pattern. Buy on wedge breakout and add on Resistance 1.2867 breakout. Cheers!
Long opportunity on GJ with possible target of 400 pips to 134.
We are going long GBP for this pair. There is clear divergence on the daily chart and weekly indicated with the white lines.Our stochastic's look good for a long as well. As well we have big support here with the triple bottom. The price has been tested 3 times and is holding. More to see on the weekly Entry 1.7726 with the target being around 1.89
From what I am expecting is that the GBP/USD will consolidate in this 1.40-1.435 zone (unless there are some new fundamentals, and with Brexit 2 weeks away I will not be surprised. This is the zone I am looking to trade the GBP/USD in, until it breaks out either way. Anyway, expect lots of volatility next two weeks. This week is also a big one, so anything is...
The 16/03/2015 the Euro Dollar slowed its fall (opened in 1.04701), and never again be there until the 12.03.2015 where he approached with record lows of 1.05168. Not without having had a maximum of 1.17140 on 24/08/2015. So in my opinion, taking from the minimum point where the fall March to August peak stopped, so should be the Fibonacci retracement on daily...
Pound had a huge run up. Looking to take a power move short 1:1 Momentum slowing - 4 hour showing double top head and shoulders with MACD looking to be going lower, crossing over the 0 line. Fib retracement from the last big move up. TP is just above the 0.618 FIB level. Will monitor, may TP at .5 if no strong momentum to push through. SL above key 1.95...
Hello Traders, A few days ago I posted a smaller time frame GBPCAD chart. That chart is the internal Wolfe in this one. With such great confluence this makes a swing to the upside a very probably move. You can refer to my previous chart in the related link below. Best, Chartistry
Looks like the Bulls are out to play. A push above the neckline suggests an 840+ pip Bull run. I expect to see more strength in the Pound against the USD and NZD in particular but markets are very shaky right now. Keep in mind while FX:GBPUSD and FX:GBPNZD look bullish, FX:GBPCAD and FX:GBPAUD look much more bearish from a long-term perspective.