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Gbplong

GBPUSD forming a bottom?GBPUSD - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a bottom. Posted a Double Bottom formation. Preferred trade is to buy on dips. Bespoke support is located at 1.2865. We look to Buy at 1.2865 (stop at 1.2825) Our profit targets will be 1.2965 and 1.2985 Resistance: 1.3020 / 1.3060 / 1.3100 Support: 1.2860 / 1.2830 / 1.2800 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
GBP/CHF - Bullish Flag Breakout & Strong UptrendOverview: The GBP/CHF pair has not only been in a strong uptrend but has also formed and broken out of a bullish flag pattern, further signaling the continuation of upward momentum. The breakout above the 1.2300 resistance level suggests a potential for further gains. Technical Analysis: Bullish Flag: A clear bullish flag pattern has formed, with a breakout confirming further upward movement. Next Resistance Levels: 1.2550 and 1.2600 RSI: Currently at 65, indicating there’s still room for more upside. Fundamental Analysis: GBP Strength: Strong economic data from the UK, including better-than-expected GDP growth and improved employment figures, support the pound’s rise. CHF Weakness: The Swiss National Bank’s (SNB) dovish stance continues to weaken the franc, providing a favorable environment for the pound’s strength. Trading Strategy: Targeting 1.14036 ,1.15070 , 1.16159 Stop Loss: Place a stop below 1.1120 to protect against downside risk.
Long
by mohammad_alavi
GBPUSD Rises Above 1.33In European trading hours, the Pound Sterling endeavors to establish a firm position above 1.3300 against the US Dollar. The short - term outlook for the GBP/USD pair remains strong as it stays above the 20 - day Exponential Moving Average (EMA), which is close to 1.3150. Previously, the GBP/USD strengthened following its recovery from a corrective movement towards the trendline drawn from the December 28, 2023, high of 1.2828. After breaking out on August 21, it witnessed a sharp increase from that point. The 14 - day Relative Strength Index (RSI) moves above 60.00, indicating an active bullish impetus. Going upwards , the GBP/USD (Cable) will encounter resistance near the psychological level of 1.3500. On the downward side, the psychological level of 1.3000 becomes crucial support. MKTNews reports that, BANK OF ENGLAND'S MANN: PREFERABLE TO STAY RESTRICTIVE LONGER, CAN REDUCE RATES AGGRESSIVELY ONCE INFLATION RISK IS MANAGED BOE'S MANN: I DID CONSIDER VOTING TO REDUCE RATES IN AUG, BUT AIMED TO AVOID "BOOGIE-DANCE" WITH POLICY RATES BOE'S MANN: I HOLD CAUTIOUS OUTLOOK ON INITIATING RATE CUTS
Long
by Tekapo-Invest
GBPUSD Daily Chart Analysis: Key Resistance and Bullish Channel The daily chart for GBP/USD reveals a clear uptrend with price action forming a bullish channel. The pair is currently trading around 1.31621, approaching a critical resistance zone. Key Levels: Resistance Zone: The price is heading towards a major resistance around 1.39, a level which has historically acted as a strong ceiling. This resistance could halt the upward movement unless a significant breakout occurs. Support Levels: The lower trendline of the channel is acting as dynamic support. If the price retraces, the 1.30 level should provide a cushion for potential buying pressure, maintaining the bullish trend. Trading Strategy: Buying Strategy: Traders can look for a pullback to the lower boundary of the channel around 1.30 for a potential buying opportunity. A stop loss can be placed just below the trendline, targeting the resistance at 1.39. Breakout Strategy: A breakout above the 1.39 resistance would signal a continuation of the long-term bullish trend, opening up the possibility for further gains toward higher resistance levels. RSI Confirmation: The RSI indicator is approaching overbought territory but still has room to push higher. This suggests that the bullish momentum could continue until resistance is tested. Conclusion: With GBP/USD trading within a rising channel, the focus remains on how the price interacts with the 1.39 resistance level. A pullback to the lower trendline offers buying opportunities, while a breakout above resistance would signal further bullish potential.
Long
by Nigouk
Over+750 pip in GBP/AUD in our last call(07/31/2024)in our last analysis We were expecting a big rally for GBP/AUD. Since then the price moved in our favor and made over +750 pip for us. Despite weaker CPI data for AUD, we are now looking for a correction in the 1.98 zone. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
by fortunamarkets
GBP/USDLast week, the Pound Sterling (GBP) and the US Dollar (USD) exchanged minor gains, with the GBPUSD pair surpassing 1.2750 for the first time in two months. Notwithstanding its robust commencement to the week, the Pound Sterling encountered challenges in the face of a resurging US Dollar, ultimately accumulating moderate gains and perpetuating the preceding week's ascent. The central theme of this week was the diminishing anticipation of interest rate cuts by the Federal Reserve (Fed) and the Bank of England (BoE). This was partially mitigated by renewed demand for the US Dollar, which tempered optimism surrounding the British Pound. As expectations of a June rate cut by the BoE were dampened by the delayed decline in UK inflation, GBPUSD reached a two-month high of 1.2762. In contrast, cautious remarks from Fed officials and ardent sentiments expressed in the minutes of the May Fed meeting countered expectations of aggressive rate cuts, reviving demand for the US Dollar and instigating a decline in the GBPUSD pair. In April, the ONS reported a monthly decline in retail sales of 2.3%, compared to expectations of -0.4% and March's -0.2%. Notwithstanding this, the Pound Sterling managed to maintain its value above 1.2700, as the USD was unable to sustain its strength heading into the weekend due to improving risk sentiment. In the daily chart of GBP/USD, the recent price showed a buying pressure above the dynamic 20-day EMA line. Moreover, the rising RSI line above the 50.00 level with a confluence of bullish pressure from the 100 day SMA could extend the gain towards the 1.2828 resistance level. However, a failure to break this line with a daily close below the 20 DMA could initiate a downside correction.
NASDAQ:AMDLong
by TFXBR
Are you ready to ride this? More than 3,000 pips { 21/03/2024}Educational Analysis says GBPUSD may move in this range for some time according to my technical. Broker - FXCM This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because the market is in an uptrend on 4 hour zoom out time frame, the market tried to put fake Change of Character duping the traders for a while. But now we can go long from this zone marked out with risk to reward ratio tool. Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
Long
by VishalBudhrani
6
Will the pound continue to fall? Pound Sterling: On Monday and Tuesday, all the ideas were sideways and short; the pound was short above and below 1.2730 yesterday, falling around 1.2670, with a profit of 70 basis points, and a profit of 7 US dollars, which is not bad; Today's market: 1: In the daily K, it is also the support of the middle track for the time being, and it is difficult to judge for the time being; the stochastic indicator is dead cross downward. If it is covered, the price will rebound and move upward; so the differentiation here It is the same as the euro; but from the perspective of indicators, it is recommended to choose to follow the indicator's dead cross processing; in 2:4 hours, it is temporarily rebounding upward; the pressure position is near 1.2740; To sum up: today's short-term pound continues to follow the position of 1.2720-1.2740, short-term short-term treatment, the game runs downward; followed by the pressure position around 1.2790;
Short
by Crazy_money_making_signals