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.
Hello Traders, Here we have 3 Wolfe Wave's(WW) WW #1 - In the grey dotted line. This WW is near it's target at #1 Geo Off-Set Rule at point 4. The Geo Off-Set Rule here plays a role in the next 2 WW's. WW #2 - In blue dashed lines. This WW is internal to both the first and third(in purple) WW's. The Geo Off-Set Rule in the first WW act's as a point of reversal...
I would like to start off by saying that I removed the Primary MIDAS R1 Curve as it cluttered the chart and have already done its job in regards to the analysis above, however it successfully captured the initial pullback. On the chart above a T.D price flip have competed in oversold conditions at what looks like to be the end of wave 3, as there is a huge...
in my technical view GBPUSD going to UP, because GBPUSD have 2 Supports. also have Gartley pattren.. with Bullish Channel
EUR/GBP is pointing heavily towards the downside. MACD is making slighty lower lows, despite the price rocketing. RSI is confirming room to decline (A), bounce (B) and further decline (C). We have a decent trendchannel, with 2 fake breakouts, meaning the 2-try rule is in place (bullish failure), which should result in further decline. Our trendchannel finished...
GBP has return to bullish trend, buyers have taken us above 1.4510 so, we are long.
Volume means activity. These volume spikes concern me - something happened. While I will never find out what exactly that was, judging by the fact that the first spike occured almost on the very top (left shoulder, even before I was bearish on this pair - which makes sense) and that we have just had the second spike at the bottom, after the pair fell considerably,...
RE: Global Macro Update Regarding European Union, #ECB, and UK The way the #Euro is strengthening relative to the Pound, and particularly the way the #CABLE $GBPUSD cross-rate is falling out of bed is about to unleash shock-waves of negative #sentiment through the European Euro STOXX Equity Markets $FEZ. According to RunningAlpha.com #Capital Markets...
RE: Global Macro Update Regarding European Union, #ECB, and UK The way the #Euro is strengthening relative to the Pound, and particularly the way the #CABLE $GBPUSD cross-rate is falling out of bed is about to unleash shock-waves of negative #sentiment through the European Euro STOXX Equity Markets $FEZ. According to RunningAlpha.com Capital Markets Intelligence,...
This count might not be the preferable count for many traders. It is ugly, hard to see for the inexperienced eye but, its probability is increasing. A lot of traders are expecting the British Pound to head south including us but the chart has been giving us lots of 12 12 12 waves to the downside with no impulsive wave 3 of 3 of 3 which is worrying. That's why I...