As I published some weeks ago, the GBP respected very well its floor at 1.3050 and then started a bullish correction in the meddium term. Today we've seen a test of its MA50 at 1.3354 with a clear rejection (mainly for fundamental concerns about Brexit), even though I'd stay long GBP as its macroeconomics stay solid waiting for stronger data due the weakness of...
USDCNH finally tumbles. 6.7 is the fix
Expect a selloff on the dollar in the coming weeks as the papers ensures u that the world growth slowdown is nothing to be concerned about
Good shorting opportunity on GBPUSD pair. Price have made double top price in area for short. RSI overbought. GBP appreciated significantly I think its time to depreciate. GOOD LUCK
On the chart, I have added the three major supports. The USD index is heading bearish this week making the GBP/USD pair bullish. I expect the market to move upwards after hitting the first support. The first target is just below the previous resistance at 1.4216 although I expect the bulls to smash through.
Happy Easter and Trading guys.
Per DXY analysis (Check the previous post) this pair has the most co-relation to the DXY price movement per last week. Dxy potential will fall after re-testing descending channel resistance, this pair has also reached near to the descending channel whereas a lot of fib zone exists. DXY has already broken the counter line to the down side, this pair is yet to break...
Hey Guys and Welcome,
GBPUSD retraced over 60% of previous Week price action, we are following „Mid“-term Trend with a good RR.
Strong bearish price action this week agains the trend, we are following mid term uptrend and expecting a skyrocket after retesting
our Uptrend Levels.
Long: 1.40224
Sl: 1.38958 (120 Pips)
Tp: 1.41773 (150 Pips)
Feel free to...
Hi followers,
Sorry, no crypto this time, but a chance for a great profit with GBP.
GBP broke out its long-term downtrend. It looks like GBP can finally recover.
Buy: 1.326
SL: 1.32
Good luck!
Bearish Gartley forming and fib retracement as well as RSI confirm this. The first resistance is the sell limit line second resistance is stop loss. The lower horizontal line is potential support it can reach.
Long term New developments in EUR/USD show a forming 3 prong head and shoulders, crown, ghost pattern or whatever you'd like to call it. If the formation plays out, which is looking very likely, statistics say the move back down should be equivalent to the move up. Because of this formation, long-term, I believe it is likely EUR/USD has room to move down to the...
Hey guys.
As you can see, there is a big bearish regular divergence on the 1M USDGBP chart.
Along with the MACD crossover, we can except a big bearish reversal starting for the next months.
On short term (W and D), i see two bullish hidden divergences.
D bullish hidden divergence is confirmed by MACD crossover + starting uptrend + hanging man on 13/10/2017. I...
I believe the market will retrace back to the previous support line because it going in long upward channel.
Looking at the previous bars, we can see that the support line was once a resistance line several times. Last time the market hit the support lone, it shot up quite considerably so I can safely assume it will do that again because markets like to follow a...
