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Gbp-usd

GBPUSD, Massive Bear-Market-Wedge Completed, TARGETS Active!Hello There! Welcome to my new analysis of GBPUSD. The GBPUSD developments recently have shown crucial bearish inclinations that should not be underestimated especially as the bearish volume increased there is a severe bearish momentum within the pair. Besides that, the Pound Currency Index is forming similar bearish downside pressure especially as the selling volume increased massively adding to an increased bearish indication. Now, the most important considerations are if GBPUSD has completed a major formation that is going to increase the severeness of the upcoming trend dynamics, if GBPUSD is going to extend the dynamics in such a manner that a massive wave-extension will be inevitable, and if GBPUSD is one of the forex pairs within the market with an overwhelmingly high bearish edge so that a bear-market will be the most relevant part of the whole GBPUSD price action formation developments. Firstly, when looking at my chart and the major formation that GBPUSD has completed here, this formation is a crucial formation as it is an already completed bearish continuation broadening-wedge-formation that formed the severe breakouts below the lower boundary of the formation. Such a formation is indicating a continuation in almost all of the cases especially as GBPUSD already marked the finalization of the completion with the coherent bear-flag-formation below the lower boundary which already activated the bearish target zones. Therefore, it should be mentioned that the formation that has been completed increased the severe bearish trend to a massively high level. Secondly, with the completion of the major broadening wedge continuation formation GBPUSD already activated the minimum target zone as marked within my chart, this is the target zone of wave C within the whole bearish downtrend established by the broadening wedge. Especially, as GBPUSD also already confirmed the 35-EMA as a major bearish resistance this first target zone is going to be reached faster than determined. In this case, it will be important on how the actual bearish momentum is established because especially with a huge bearish pressure this is going to set up the bearish wave C extension and activate the second target zone. If there is not any sign of a reversal in this case the trend will just continue in the bearish direction through the bearish continuation ground. Thirdly, when considering the bear market definition within the stock market, a legit bear market is confirmed when prices drop a minimum of -50%. With GBPUSD this definition is already confirmed when prices drop -25% divided by a leverage factor of 5. Through this bear market definition, GBPUSD is already in a bear market and there is no chance to reverse this dynamic if no fundamental changes happen here. Furthermore, GBPUSD is not yet in an oversold condition, an oversold condition is only reached when all of the sellers within the market sold all of their long positions or the positions got liquidated, this has not happened till now, and therefore the oversold condition has still a long way to be reached. Even with reaching all of the final bearish target zones, this is not going to show an oversold condition for GBPUSD therefore the bearish trend continuation is imminent. In this manner, thank you everybody for watching my analysis of GBPUSD. Support from your side is greatly appreciated. VP
by VincePrince
19
GBPUSD Is it really that doomed??The GBPUSD pair has completed 2 straight red months (1M candles) after an emphatic rejection within the 1M MA100 (green trend-line) and 1M MA50 (blue trend-line). We rarely look at the 1M (monthly) time-frame but this time it is needed in order to gain a long-term perspective following this rejection and bearish reversal. July's rejection took place none other than the Lower Highs trend-line, the multi-decade Resistance level that started during the 2007/08 Housing Crisis. As you can see this is where the May 2021 top was rejected too. We can view this 16 year price action as a Falling Wedge. Every Lower Highs of the Wedge has been price near the 0.5 Fibonacci retracement level and every Lower Low near the -0.236 extension. So as the title says, is the British Pound doomed? Well on 1 year perspective at least, chances are we should see it testing 1.1000 (at least). The -0.236 extension is much lower at 0.9450. Perhaps 1.0000 (parity) could be a fair target inside 2025. Keep in mind however that Falling Wedges have a tendency to break upwards aggressively. Not entirely applicable to such long term price action (that is vastly affected by fundamentals) but it gives us a certain degree of perspective. We could see the Falling Wedge breaking upwards around 2027. Do you think GBPUSD will keep dropping until then? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
Gbpusd some decent overdued pullbacks but...Like i mentioned on USD, USD still on the uptrend unless things changed. Still bias is on shorting this Gbpusd! **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
GBPUSD Two buy entries. Keep a tight SL.GBPUSD has almost touched the Fibonacci 0.382 level from the bottom 1 year ago, trading under both the MA50 and MA200 (1d). The RSI (1d) is rebounding today aggressively being still inside very rare oversold levels, which visited last time during September 26th 2022. This justifies a long term buy but if the 0.382 breaks, the next (and strongest) Support Zone is over Fib 0.5. Trading Plan: 1. Buy on the current market price. 2. Buy on 1.1850 (Support Zone 1). Targets: 1. 1.2700 (+5.09%, the minimum range for 2023). 2. 1.2350 (again +5.09%). Tips: 1. If we assume that the large pattern is a Channel Up, then its Higher Lows trendline falls around Fibonacci 0.5 and Support Zone (1). That enhances considerably the probabilities of this being a mega bottom. Please like, follow and comment!!
Long
by TradingBrokersView
1
GBPUSD: Buy opportunity on extremely oversold levels.GBPUSD hit the bottom of the prolonged Channel Down pattern, reaching extreme oversold technical levels on the 1D timeframe (RSI = 21.119, MACD = -0.012, ADX = 59.945). The 4H MACD is approaching the formation of a Bullish Cross, and prior price action shows that when formed this low, it always rebounds and hits at least the 1D MA50. We are on an early long trade, targeting the course of the 4H MA50 (TP = 1.2275), even though a Channel Down top extension can even reach as high as 1.2425. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
9
GBPUSD 24/9/23GU if you haven't already noticed has been falling like a stone from last week, now of course you will see this is pretty much the same moves our other pairs have been making, giving us a nice uniform correlation and with this we are looking for it to line up if we do reverse with our other prediction. Of course it is not something we actively seek to do which is trade against trend, but we are seeing more than just structure pointing to the upside including our liquid highs withing our current bearish range. Overall bearish, so if we do drop deeper don't be shocked! We are aiming for the lows but we are looking for a entry setup to long this if that's what she wants to do, of course lower trend and deeper moves may come, if so we will follow this to. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
GBP/USD increasing pressure as positive US economic data boostsThe GBP/USD pair finds itself under increasing pressure as positive US economic data boosts the dollar, causing it to dip below its 200-day Moving Average. With the odds of a November rate hike by the Fed standing at 32.45% and diminishing expectations of a BoE rate hike towards 6%, the GBP/USD's outlook is becoming more bearish. The Pound Sterling (GBP) has faced a second consecutive day of weakness against the US Dollar (USD) due to a series of upbeat US economic reports that have strengthened the Greenback. This shift in sentiment has increased demand for safe-haven assets, particularly the US Dollar. Friday's data revealed that Americans' inflation expectations have decreased, as indicated by the University of Michigan (UoM) poll. Inflation is projected to rise to 3.1% for a one-year period, down from August's reading, and is expected to reach 2.7% for a ten-year period. Despite this optimism, consumer sentiment declined to 67.7, falling below the forecast of 69.1. The US Federal Reserve also reported that Industrial Production expanded by 0.4% MoM, slightly below July's 1% but surpassing consensus forecasts. Furthermore, data from the New York Fed revealed that the Empire State Manufacturing Index for September improved to 1.9 from August's figure of -21, exceeding expectations of a -10 decline. Meanwhile, the money market futures remain skeptical about the possibility of the US Federal Reserve hiking rates once more before the end of the year, as indicated by the CME FedWatch Tool. For the upcoming week, the US central bank is expected to keep rates steady, with the odds of a 25 bps hike in November at a moderate 32.45% chance. Nevertheless, US Treasury bond yields have risen, driven by the latest inflation reports on both the consumer and producer sides, showing an uptick after a year of deceleration. The US 10-year Treasury Note now yields 4.326%. However, the dollar is losing some of its momentum. On the other side of the Atlantic, the Bank of England (BoE) is anticipated to raise rates by 25 bps, but it faces challenges such as a slowing economy. The Bank Rate is expected to be raised to 5.50%, but traders have scaled back previous expectations of a rate increase to 6%, with the odds for the November 2 meeting standing at around 15%. The Fed is likely to keep rates unchanged in the US, but the economy remains robust, and investors are optimistic that the US central bank will achieve a soft landing. As a result, further downside pressure is anticipated in the GBP/USD pair, with monetary policy signaling that the BoE may be the first to blink and cut rates.
Short
by FOREXN1
15