A lowering of U.S. interest rates may be necessary, but the downside risk is a weaker USD. And a significantly weaker dollar may cause inflation to creep back up again. Today, I will share a little hack on how to track and preempt the U.S. dollar’s direction. To conclude: Long-term - Down Mid-term - Range to a breaking point Currencies Futures and Options...
EURGBP - Intraday Preferred trade is to buy on dips. We look to buy dips. Daily signals are bullish. 20 1day EMA is at 0.8517. We look for a temporary move lower. We look to Buy at 0.8515 (stop at 0.8491) Our profit targets will be 0.8575 and 0.8590 Resistance: 0.8535 / 0.8550 / 0.8575 Support: 0.8528 / 0.8515 / 0.8500 Risk Disclaimer The trade ideas...
After completing a 5-wave EW impulse pattern, GBP/AUD correction has been started around the 2.00 zone. since then the price dropped until reached 1.933 where the previous resistance exists (which made it into support after breaking). Yesterday, after releasing good fundamental data from AUD, the price started to drop again from 1.94100. We believe the price will...
GBP/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.12961 Why we like it: There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement. Stop loss: 1.14601 Why we like it: There is an overlap...
I'm bearish. But I'm waiting for news first before acting on anything. Allow the volume to play out first.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85300 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85300 support and resistance area. Trade safe, Joe.
Been waiting for signs price wants to move Bearish. just need a little more to give a confirmation.
The price is falling towards the support level which is a pullback support that is slightly above the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2803 Why we like it: There is a pullback support level which is slightly above the 38.2% Fibonacci retracement. Stop loss: 1.2735 Why we like it: There is an overlap...
GBP/CAD has reacted off the pivot which acts as a pullback resistance and could fall to the 50% Fibonacci support. Pivot: 1.76355 1st Support: 1.75393 1st Resistance: 1.77179 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable...
Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 191 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 191 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86200 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86200 support and resistance area. Trade safe, Joe.
The Cable (GBP/USD) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support. Pivot: 1.2903 1st Support: 1.2814 1st Resistance: 1.2990 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading...
looking for when price is done pushing up and for the Dollar to make a decision on direction. Sitting on hands until then.
GBP/USD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2722 Why we like it: There is an overlap support level which lines up with the 50% Fibonacci retracement. Stop loss: 1.2674 Why we like it: There is an overlap support level. Take...
GBP/CAD has reacted off the pivot which acts as a pullback support and could potentially rise to the pullback resistance. Pivot: 1.75032 1st Support: 1.74208 1st Resistance: 1.76059 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Hey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.28000 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.28000 support and resistance area. Trade safe, Joe.
Potential Trade Setup on GBPJPY The GBPJPY price broke out of a strong resistance zone and turned support. The price is developing, and I am waiting for a break above the resistance to go LONG. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
GBPJPY H4 Potential shorts in the firing line here on GBPJPY. This 188.100 price is trading very close to this 188 whole number, we could start to see some resistance, rejections and sell-off from this trading zone. We have previously sold off a huge 3000 points over the last few weeks, one of the biggest corrections we have seen in a VERY LONG time. It will...