GBP/NZD - A perfect storm!Price pulled back into our area of interest, and bounced out of the resistance zone. Price is now at a support level, however we are looking for downside to continue.
On The 1H chart we can see price has formed a head and shoulder pattern, and we are looking for the neckline to break.
Freeforexsignals
GBP/USD Signal - USD Initial Jobless Claims - 18 Nov 2021GBPUSD is trading to the upside prior to the USD Initial Jobless claims data, which measures the number of people applying for unemployment benefits for the first time. Technically the pair is in a bullish 1H cycle, and we're targeting the previous structural resistance as our TP.
EUR/GBP Signal - GBP Consumer Price Index - 20 October 2021EURGBP is trending to the downside prior to the GBP Consumer Price Index data, which measures price changes in representative basket of goods and services, and is used to measure inflation. We anticipate continued downside into the -61.8% fibonacci extension level.
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Bias: Short
USDCHF is trending short for a while. A minor adjustment is possible but the trend is down as the strength of the dollar is in a questionable position. Without a boost for dollar from influential market segments like commodity,labor and capital markets, a quick turning back is not possible. Let us see how dollar pairs against others.
GBPUSD Long SignalTime Frame: 4H
Symbol: GBPUSD
Bias: Long
Signal Analysis: We are bullish for GBPUSD. The current price level is at a retesting level of previous support. The price will go up following a long term trend. There maybe some oscillations and a little down move before final upward move. If that is the case,holding position will be a better solution .
XAUUSD Long SignalTime Frame: 4H
Bias: Long
Symbol: XAUUSD
The uptrending xauusd instrument will keep continuing in the same direction half intermittently . There is no strong reason for serious upside momentum but due to overall market sentiment price may slightly tend to move upward to keep pace with the market pressure.
GBPUSD Long Symbol: GBPUSD
Time Frame: 4H
Bias: Long
The overall price direction is long for gbpusd. We can expect a further move in the established direction. We have plaotted a short term momentum move for gbpusd which s=has some positive correlation with eurusd and other synthetic instruments. Let's hope for the best.