The technical analysis for the GBP/USD pair on the 4-hour chart shows that the British pound is trading near the 20-period and 50-period exponential moving averages (EMAs). Both EMAs are consolidating, creating a support area just below the current price. However, the Bollinger Bands are slightly widening, which could indicate an impending period of increased...
Good morning traders, new week sale of new opportunities, I hope you have a week full of many profits. Today without any fundamentals in the middle we can see that the price can give very interesting entries both in sales in the London day and some succulent purchases for the NY day. Remember that we react, we do not predict.
new day new opportunity, yesterday the price met my expectation, today I will try to take advantage of the gasoline of the fundamentals to join the movement due to all the liquidity that is above and I will be looking for longs throughout the day. I wish you good luck and many benefits
Based on this trading indicator attached to the chart - the GBPUSD looks like it is ready to move downwards in the next few days + weeks towards the next support levels. This is a great selling opportunity with profitable potential!
In general terms, I can see that the price is in a bearish channel, accumulating a large part of the supply and inducing it to continue selling. I stick with my plan to sell until my psychological point of 1.27772 since in a week that is my breakout of the BOS. Once I get that liquidity point I will be very attentive since it is a greater induction therefore I...
My dear friends, My technical analysis for GBPUSD is below: The market is trading on 1.2639 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.2691 Recommended Stop Loss - 1.2607 About Used Indicators: A pivot point is a technical analysis indicator, or calculations,...
Gbpusd Was Under This Pattern Now Successfully Breakout We Have Buying Opportunity Around 1.26500 On Retracement And Take Hold UpTo 1.28500 Note It's Not A Signal After Confirmation Signals Will Be Available Stay Tuned For More Updates
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. If usd came out stronger this coming week, i will be focusing on both Gbpusd and Nzdusd for shorts.Let's see! Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed...
My dear friends, My technical analysis for GBPUSD is below: The market is trading on 1.2591 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.2661 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall...
EURGBP may continue its fall as the market breaks support after a retest. A weak market on the euro side could give way further. For now, it is worth waiting for consolidation below 0.855 to continue the fall. Overall, the global trend is changing and this opens bearish perspectives. Reasons for further declines: 1) The Euro is weakening to the point where it...
Hey Traders 👋 Quick update on GBPUSD. Remember the trade we rolled out on Monday? It clocked in a cool 30+ pips before taking a bit of a breather. Looks like it's not done yet. I'm seeing a solid chance for a continued push upwards. So, it's a new trade, but sticking with the same setup as before. The 1-hour chart shows a new wedge pattern and looking at...
Hey Traders! I'm currently eyeing GBPUSD as a solid buy opportunity. Here's why: we're seeing a clear uptrend, and importantly, it's just broken through a key monthly pivot point. What's more convincing is the formation of a 4-hour bullish engulfing candlestick pattern. Also, the 1-hour chart shows a double bottom that's successfully broken its neckline. After a...
After a four-day consecutive correction from the high point of $2,088 on December 28th, gold prices saw a slight increase on Thursday, reaching above $2,050. This indicates that the correction signal for a larger uptrend still receives some support, as technical studies in the daily chart remain in the main bullish trend. Gold continues to benefit from the...
The GBPUSD has been forming an upward structure with higher highs after breaking above a key downtrend line in early November. Although the GBPUSD's uptrend came to a temporary halt at the four-month high level of 1.2826, the completion of the golden cross between the 50- and 200-day SMAs is expected to provide upside momentum. However, during the European session...
Supported by positive market sentiment, GBPUSD rose above 1.2800 on Thursday and settled at the 61.8% Fibonacci retracement level at 1.2740 (from July 14 high of 1.3142). to an October 4 low of 1.2037). The rising 20-day exponential moving average (EMA) is placed at 1.2670, projecting continued upside support for the British pound. The relative strength index...
The UK's economic recovery appears to be slower than that of most G7 partners, with only Germany experiencing a more sluggish recovery. A surprise drop in inflation coupled with signs of an economic slowdown could force the Bank of England to reassess its monetary policy stance in the coming months to support growth.
On Friday, the British Pound (GBP) continues its rebound, driven by encouraging UK Retail Sales figures for November. The Office for National Statistics (ONS) revealed that retail spending by households defied expectations by staying positive compared to the previous year, contrary to market predictions of a significant decrease. The robust performance in Retail...
GBPUSD inched up heading into the weekend but hit a roadblock at cluster resistance stretching from 1.2727 to1.2769, where a crucial Fibonacci level converges with a downtrend line extended from the 2023 peak. Reinforcing bullish momentum requires clearing this technical hurdle; with a successful breakout likely paving the way for a move towards 1.2800, followed...