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Eurgbpanalysis

EURGBP SHORT EURGBP is moving in a descending channel on the Daily time frame, in the other view, the pair is retesting the neckline of the hand and shoulder pattern in the daily time frame. We expecting the pair to re-test the key support levels listed on the chart, We taking this trade based on technical analysis and candlestick patterns. Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Short
by Pro-Trading-Africa
1
Selling EURGBP 02 Aug.The pair is bearish on W1, D1, H4. Broke below support at 0.837 twice. Previous break below did not succeed but the bulls had no momentum either. Broke again today and now pulling back to 0.837. This time the bears may succeed and provide an opportunity to target 0.8245 area. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. Please comment and share your own thoughts!! Always use sound money and risk management and stay patient in all your trades.
Short
by Trading_Vista
Euro vs Pound (EURGBP) analysis: Who is the least bad?EUR/GBP fundamental analysis The Bank of England (BoE) raised its Bank rate by half a percentage point to 1.75 percent at its August meeting, the highest rate hike in 27 years, owing to elevated inflationary pressures exacerbated by Europe's recent gas crisis. However, the pound did not surge following the rate announcement since the Bank of England's policy statement painted a bleak economic picture for the coming years, due to a sluggish growth and persistently high inflation outlook. "GDP growth is slowing," and the UK is now expected to enter recession in the fourth quarter of this year, while inflation is forecasted to peak at 13.3% in October. As the BoE will now take a data-dependent approach, the pound cannot rely on its rate divergence advantage against the euro any longer. Markets will be less concerned about the BoE-ECB policy divergence and more focused on economic indicators in the coming months. Given that the two economies are exposed to similar shocks and negative effects real incomes and consumption, a sideways phase, characterised by fairly tight trading ranges, could therefore come forward for EUR/GBP in the near term, pending more information on the length and size of the upcoming recessions. EUR/GBP technical analysis On a technical level, 0.849-0.85 already represents an area where the euro could see selling pressure. Downwards, 0.834 has shown solid support over the past weeks, despite the market pricing in the BoE’s 50 basis point hike in advance. Rising RSI and MACD attempting a bullish crossover can provide the EUR with a very slight tailwind in the very short term. However, the single currency lacks the catalysts that could lead to a material appreciation against the pound. The 5-year yield spread between Germany and the United Kingdom, which has been strongly correlated with the EUR/GBP exchange rate, should be constantly monitored, to keep track of the relative growth outlook between the Euro Area and the UK economy.
by Capitalcom