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EURGBP

EURGBP Is Going Up! Buy! Here is our detailed technical review for EURGBP. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.849. Considering the today's price action, probabilities will be high to see a movement to 0.851. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EUR/GBP: Bearish Breakout from Descending Triangle - Watch for FAnalysis: EUR/GBP is exhibiting a bearish breakout from a descending triangle pattern. This technical development suggests that the GBP is gaining strength against the EUR. A break below the triangle's support line often precedes an accelerated downtrend. Supporting this bearish outlook is the Relative Strength Index (RSI) currently trading below 50. This indicator reading signifies weakness in the EUR/GBP pair. it's crucial to stay updated on relevant economic news that may influence price movements. Key points: Descending triangle breakout: This chart pattern is a well-recognized technical indicator for a bearish continuation. RSI below 50: The RSI is a momentum oscillator, and a reading below 50 suggests weakness in the EUR/GBP pair. News events: Economic data releases or central bank policy announcements can significantly impact currency markets.
Short
by behnamxt
Strifor || GBPUSD-NFP SetupPreferred direction: SELL Comment: As part of the upcoming strengthening of the American currency , as well as the upcoming NFP , we expect a fall in the GBPUSD currency pair. At the moment, the process of eliminating sellers is being completed, and in the very near future, the market will begin to actively buy at market prices. Thus, this will provide an opportunity for the limit buyer to fix long positions and drop the price. In addition, the area near the level of 1.28000 is a serious obstacle for the buyer, and within the framework of a long-term retest of the indicated resistance, it is most likely that the instrument will go for a correction. Scenario №2 assumes more medium-term parameters of the trade, if the preliminary upward movement turns out to be significantly greater than what we expect. We place the downside target at the level of 1.27100 , slightly above the liquid area at the level of 1.27000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || GBPUSD-Week StartingPreferred direction : BUY Comment: The British pound continues to be the most promising major currency pair to rise amid so much accumulated selling. Here, we continue to adhere to the previous plan, and events strictly develop according to scenario №2 . The growth target is the level of 1.28000 , or more precisely the area near it, since most likely, as part of a long-term retest of the resistance at the level of 1.28000 , the price will rebound downwards. It should be noted that the long-term prospects for the British currency will most likely develop above the level of 1.28000 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || EURUSD-Week StartingPreferred direction: BUY Comment: We continue to consider the euro in favor of buyers, especially until the target at 1.09000 is crossed. Above this level, there is a target of 1.10000 , which the pair may approach quite easily, since there is an accumulated resource for this. This potential movement will develop within the framework of scenario №1. Scenario №2 is quite different from Scenario №1 , although the direction of the deal is the same. The reason is that the next potential buying area is 1.07500 , and short trades are not yet considered by us. The likelihood of such an option is unlikely, but it cannot be excluded, and if something happens, we will actively use it. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || AUDUSD-05/03/2024Preferred direction: BUY Comment: When considering medium-term trades, we continue to adhere to the buy-priority for the AUDUSD currency pair. As expected, right now the instrument is already recording a new local minimum, which we prescribed in scenario №2 . This scenario is now more relevant. It should be noted that during this week the price will most likely fall towards the level of 0.64500 , however, longs can already be accumulated. The global growth target is located at the level of 0.66000 , but during this trade, we do not rule out an earlier closing near the level of 0.65500 or earlier, depending on what the fall will be. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
3
Strifor || GBPUSD-06/03/2024Preferred direction: BUY Comment: At the beginning of the week, the buy-priority is still relevant for the British currency , however, despite the presence of a limit buyer, a more likely long scenario looks precisely after a small downward correction towards the level of 1.26770 . In this case, a false breakout will be formed as soon as the price returns to previous levels after testing the level of 1.26770 , that is, it returns again to the level of 1.27100 , where the limit buyer is located. We set the target near the level of 1.27500, since pressing close to 1.28000 will be a rather risky maneuver, there is a high probability of a rebound downwards from this round resistance level. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
LONG EUR/GBP from .8545I've just gone LONG on this pair for the following reasons. We've hit WS1 support pivot level and price is now moving away from it. RSI on H1 was under 30 and now its reading 35.45. MACD is still lagging behind but the BEARS strength has reduced significantly. The Andean Oscillator was at zero and has now move away from zero with a reading of .00008. Price has hit a recent Pivot Point SuperTrend BUY line. My STOP on this trade is at .8537 which is a minimal 8 pips - this is a hard STOP and will not be adjusted. Target initially is the WPP mid pivot at .8559 (+14) but if we reach that level and the BULLS are still in control, then I'll adjust the T.P. higher.
Long
by forextraplaces
EURGBP Expected Growth! BUY! My dear followers, This is my opinion on the EURGBP next move: The asset is approaching an important pivot point 0.8546 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.8555 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
British Pound can rebound up to resistance line of wedgeHello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price a not long time ago declined from the 0.8570 resistance level to the 0.8520 support level, which coincided with the buyer zone inside the range. After this price rebounded up from the support level and rose almost to the top part of the range, but soon it fell back and some time traded near the 0.8520 level. Then GBP rose again to the top part of the range, which this movement coincided with the seller zone and at once turned around and fell to the buyer zone. In a short time later price exited from range, broke the support level, and declined to lower even buyer zone. After this, GBP entered to wedge pattern, where it soon made a strong upward impulse from the support line to the resistance line, which is located in the seller zone, thereby breaking the 0.8520 level one more time. Then price made a correction lower resistance level, after which it turned around and in a short time rose back to the resistance line of the wedge. But a not long time ago GBP bounced from this line and declined to support line, after which it recently bounced and started to rise. In my mind, the British Pound can correct to the support line and then rebound up to the resistance line of the wedge. So, for this reason, I set my target at 0.8560 points, which coincided with the resistance line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
EURGBP - Short from bearish order block ✅Hello traders! ‼️ This is my perspective on EURGBP. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, as price started to form lower lows and lower highs, so I look for a short. I want price to continue the retracement to fill the imbalance and then to reject from bearish order block. Fundamental news: On Thursday we have news with high impact on EUR, we will see results of Interest Rate. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
EURGBP My Opinion! SELL! My dear friends, Please, find my technical outlook for EURGBP below: The price is coiling around a solid key level - 0.8565 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8556 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Strong Reversal w/ Higher Levels In Sight - EGHere I have EUR/GBP on the 4 Hr Chart! On Feb. 26th, EG had made an IMPRESSIVE Double Bottom Pattern @ .85281 and has been stretching HIGHER! Zooming out to the Bigger Picture you can see there is an even STRONGER reversal pattern possibly at play getting ready to complete!! -The Inverted Head & Shoulders! With the NEW LOW @ .84981 on Feb. 14th, followed by the HIGHER HIGH @ .85784 on Feb. 20th, the Price decline on the 26th was a mere 38.2% Fib'd Pullback off that HIGH creating our HIGHER LOW giving a sense that the BEARS have lost their strength and BULLS could be taking over! Now this IH&S could be the beginning of what seems to be a possible Elliot Wave forming on Higher Time Frames so we could potentially see price Hit our Range Target @ (.86575 - .86881) and then push even HIGHER! (Fundamentals will be KEY) -But UNTIL then .. in order for our idea to be VALID, price MUST Break and Close above our CONFIRMATION of Pattern @ .8572 -Even though our Right Shoulder didn't meet with the Left causing an underdeveloped pattern, INVALIDATION of Pattern @ .85131
Long
by Novi_Fibonacci
1
Strifor || EURUSD-01/03/2024Preferred direction: BUY Comment: In the longer term, the euro continues to be viewed more in favor of the buyer. It should be noted the local strength of the US dollar and at the moment only the Canadian currency and metals can resist the US currency with the greatest effectiveness. Regarding EURUSD , we will consider two scenarios, where both involve updating local lows and most likely there will be a re-test of the level of 1.07500 before growth. As mentioned earlier, the target for medium-term growth is located at the level of 1.09000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1