Forextradingzones
GBPCHFUpdate the movement of the GBPCHF pair, after adopting the drop with the opening of the market and its inability to break the resistance area, and accordingly we expect that if the pair continues and closes below the support, it will continue the decline to the next support for it about the levels specified in the analysis
Trading Analysis of GBPUSD Today: 24th May GBPUSD did not reach the levels during most of the European trading session. So, the first sell signal was formed when the price rebounded from the 1.2596-1.2601 area. After that, the price went down by about 30 points, which was enough to put Stop Loss at breakeven. Support and Resistance Levels are the Levels that serve as targets when buying or selling the pair. You can place Take Profit near these levels.
Red lines are the channels or trend lines that display the current trend and show in which direction it is better to trade now.
The MACD indicator consists of a histogram and a signal line. When they cross, this is a signal to enter the market. It is recommended to use this indicator in combination with trend lines
Important speeches and reports (always contained in the news calendar) can greatly influence the movement of a currency pair. Therefore, during their exit, it is recommended to trade as carefully as possible or exit the market in order to avoid a sharp price reversal against the previous movement.
GoldViewFX - 1H CHART MARKET UPDATEHey Everyone,
The 1H chart we have been following last week has played out perfectly! Every level we identified got HIT in order of our analysis.
We have now updated the 1H chart for this week with fresh weighted Goldturns and targets. We will be looking for EMA5 cross and lock to trade targets to each level.
We have a candle body close above 1846, which opens a target for 1852, 1855. EMA5 lock will make this stronger and open 1861. Failure to break above this level will see price retrace back to test the swing range and inline with the Goldturn channel.
BULLISH TARGETS
1852, 1855, 1861
BEARISH TARGETS
1846, 1839
SWING RANGE
1830
As always we will keep you all updated with any changes to this setup. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GBPJPYAnalysis of #GBPJPY
the GBPJPY might have a head and shoulders pattern, still premature to talk about it while the second shoulder still not yet completed, but keep an eye on it as it might come soon.
if we break the neckline I will then consider a sell if the rules for entry are met.
this week we have FOMC Press Conference and NFP, it is going to be volatile, that's why I will be careful and wait for confirmation before I make a trade
GBPCHF Yesterday, we expected the pair to drop from the 1.23585 price level
Indeed, the pair took the downward movement and achieved all the objectives of our analysis to make profits
270 points
Therefore, we expect today, if the pair breaks the support area, it will continue the decline until 1.19460
In the event of its stability above the resistance level of 1.21494
It will rebound to rise again to target the same previous support and resistance levels