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GBPUSD technical analysis.1.34In my previous analysis I said (GBP bounce back from resistance now we have two scenario once it continue uptrend second retracement towards nearest support. We need to watch what it do next if it broke that resistance then see a new uptrend and our target is resistance 1.380)
My previous analysis of GBPUSD link.
I think it continue its uptrend because if you look at RSI indicator or MACD indicator they clearly showing up trend in hour, weekly and monthly chart. If this fail then it do some retracement towards nearest support (1.34400).
Weekly and monthly chart
If you agree then like idea and support me.
Mention your thought in comments :)
XAUUSD 4H - Short TermSimilar to AUDUSD, the news this week (Thursday 15th) should aid this bias and hopefully be good the $ for this to come through.
We have yet to retest the resistance at $1950 and we also have a 78.6% retracement at the same zone.
We should wait for a 4H close around the purple zone to then zoom in and scope out a short set up.
Updates for EUR/GBP: Analysis + FundamentalsIn this technical analysis. Firstrly, As I say you yesterday that this was a manipulation and my prediction it's have beee success. Now, this is more important to protect your position and put a break even in 0 pips, you dont loss or earn, just protect your position in short and stay hope until to complete, be patient. Now, this drop I predicted yesterday that it's going to pass, and pass today. And if you see, the indicators as RIS and MACD are now give us a signal of sell. Now, I going with 54 pips in profits.
Now, today there are a lot fundamentals for UK and GBP about this situation of Brexit and covid-19 and all problems with U.K.-EU relationship
1. Today there are a news in the economical calendar about the European Central Bank that De Guindos speak the situation of the economy in the Eurozone and Jerome Powell testifies the situation in the meeting in Washington D.C. on the Federal Reserve to discuss the situation of the economy policy of the US.
Speculate News:
1. Now, pounds sinks to fresh one-month low on U.K. spending plans.
2. Pound fell agains the U.S. Dollar to fresh one-month lows on Monday (Yesterday), amid concerns about th U.K.'S post-Brexit spending plans at a time when many are worried that the latest round of U.K.-EU relationship trade talks are unlikely to yield progress.
3. Prime minister Boris Johnson is expected to unveil a plan to fast-track infrastructure projects today, stoking investor worries about the country's bulging debt load.
3. U.K. public debt has exceded GDP for the first time since 1963, after the government borrowed a record of 55 billion pounds in the past month to fund its fiscal stimulus programs to cushion the economic blow from the pandemic.
4. The U.K. and EU resumed post-brexit talks on Monday, but hopes of a resolution on key issues such as fishing policy and the commitment to a "level playing filed"
5. While the EU has suggested it is willing to compromise on some issues, the economic bloc has reiterated it would not agree to any measures that theaten the four freedoms-goods, people, capital, services-of the single market
To conclude my data showed that GBP is longest for short term, not for lot, but there are the continues problems of Brexit about the U.K. and EU relationship, and that it's get us an issue of this nations in the future for this countries, now as U.K. has spending plans to concern the post-Brexit to disvinculated of the EU and that is a good as bad news for short term while that GBP it's can be devaluated agains the US Dollar as U.K. make these decision so bad for the U.K. economy. Now, the #5 sentence it's so impact for me and how the U.K. make that as single market to take a control of all nation for BoE it'w want to take control of economy policy and don't give they freedom of Englands that live in U.K.
Now, for the future there are 2 news more of this par:
1. There are a fears also running high that the U.K. is preparing for a no-deal Brexit after a government spokesperson reportedly confirmed Johnson would be ready to leave the transition period on Australia terms if on agreement (with the EU) could not be reached
2. The U.K. has made it clear it wants to take control over access to its waters and fish when the Brexit transition period ends,
Now, for conclude of this ultimate speculate news. This is all bad news for long term in U.K. Guys, Are you prepared for the fiscal and financial crisis of U.K. government that want the Bank of England to take a control of your eartth, waters and food of Englands people? That is so bad for this par, and it's could the U.K. experiment a reccesion and crisis in the next months if U.K. want to leave the transition period on Australia terms and there are a avarice and fears of this country. So, it's supposed that this par EUR/GBP I could see so bullish in long term is the situation of U.K. that made it's as make to affect its currencies.
So guys, I believe that if this passing, the situation is so horrible and then, Gold, Silver and Bitcoin and cryptocurrency it's can to experiment a jump of the price to reach a new maximum, specially Bitcoin.
Also, more later I interesting to analyse S&P 500, Nasdaq 100, US oil, silver and other assets that interesting to study + analysis.
Look out of EUR/GBP, possible drop!!!Hello guys, in this technical analysis, there are a bearish divergence in the H1 timeframe. So, in the RSI and price action + price action strategy show that!!!
So, we need to reccomend for you to closed your position. If you asleep, so sleeping now and closed your position, Forex doesn't guarantize our we are in to reach the 200 pips, the market make anything. So, we reccomend that to closed up our positon manually and protect your pips. I will earn 48 pips.
So, don't sleeping of what institutionals do!!!
And I mark a blue circle so the price doesn't have force to continue it. Also, there are a great opportunity to put in short on Sunday at night when market open this par.
This par I will go to take in following for the next week starting on Sunday at night when markets are open. But, the trend it's can be short movementand we need to hope when open the markets in Sunday how the trend move.
EUR/USD bearish moment to entry!!!Good morning and nice Friday, traders, today I want to show a simple technical analysis for EUR/USD what I see. So, EUR/USD it's come from to a trend up from few days and now, we are in this point on Daily!!!
We are in the high zone of sell into this bearish channel.
The scenario in H4 timeframe is bearish so bearish and this par it's can be a movement of moere of a drop of 1% and we can to pick up more pips again in this par, so, beautiful entry in short.
So, in H1 timeframe, this is my enfocous in my technical analysis and it's seem that EUR/USD want to drop and this is a strong sell signal in Forex, so, for me, I can to proyect what EUR/USD want to leave at 0.382 or 0.618 of Fibonacci (0.618 it's a highly zone what the price leave it) and pick up 70 pips if EUR/USD may leave it. And so, the indicator are overbuy, so, RSI show there a bearsh divergence.
Now, please note and be consciente of all news, because United States has entry in a possible cold war with China, and this tension it's will be affect all Forex pars and currency, because EUR it's may be to sell if this is very and very ugly this tensons.
EUR/USD in bullish trend now!!!Yesterda, also as USD/JPY I mentioned to closed all position, because it's now was a manipulation, but I make a good profit. So, in htis technical analysis I see how EUR/USD has break up the simetric triangle and so continued the bullish trend if the conditions in USD has going bad for this economy in United States. So, I use Fibonacci and trend Fibonacci and hope that the price leave at the zone 0.382 or 0.618 of Fibonacci and reach a take profit of the trend Fibonacci at 0.382 or 0.618 of Fibonacci.
So, in daily if EUR/USD has break up the simetric triangle, we can to watch this scenario
So, I have as signal a good news for European Union, because we have that France and Germany proposed a $500 billion coronavirus relief program to support an economy recovery in the Euro Zone. and also what this countries are re-opening the commercial in this countries, the impact it's can be very impresionant for USD that was a bad news for the moment.
Amazing opportunities on USDCHF !Amazing opportunities on USDCHF. Pattern triangle on D timeframe, I have analysed potential target levels for both direction.
You can trade after crossing of trendlines.
T1 will give the signal to BUY and T2 to SELL.
Support and Resistance levels are chosen based on Fibonacci, Daily highs and lows
Pattern is long term as was found on daily timeframe, this pattern can give not only trading opportunity, but the trend prediction for next 2 months. Pattern has started its formation from January 2020.
EUR in possible buy and possible armonic pattern formation!!!In this technical analysis. EURO/US Dollar in H4 Timeframe we see that a possible armonic pattern in formation or incluse a possible breakout, so, I do not enter until this par make a confirmation a buy or sell if EUR/USD break down the simetric trangle from 52 days. And also, we can see a possible bullish divergence in RSI that we need to keep watching this par, it's a very interesting to entry them.
So, my next step for this par it's hope to EUR/USD arrive at thiz green zone to hope a candlestick pattern and take and have a confirmation to take my decision using the price action.
Also, in this screenshoot in weekly timeframe it;s my proyection of elliot waves cycle that we are do.
EURUSD LONG
EURUSD is essentially in a period of consolidation, with a slight indication of a downtrend as price has just recently rejected crossing the 13EMA. This area is green will be an area that I look for possible long trades out of throughout the week.
Daily Support Zone (1.07250-1.07960)
Daily Resistance Zone (1.09745-1.10220)