GBPUSD
USDCHF BULLISHUSD/CHF is showing bearish momentum, driven by a rejection at a key resistance level, with strong bearish candles and extended wicks signaling dominant selling pressure. Earlier in the session, a liquidity grab above a prior high triggered buy stops, but the subsequent sharp reversal suggests sellers are taking control. The pair has broken below an intraday ascending trendline, confirming it as resistance upon retest, while bearish divergences on the RSI and MACD indicate weakening bullish momentum. Trading below the 50- and 200-period moving averages, with a death cross forming, reinforces the bearish bias. Additionally, increased volume on downward moves compared to lighter retracements highlights strong selling interest, supporting the potential for continued downside movement.
+ testing all KL, be careful
GBPJPY BEARISHGBP/JPY is displaying bullish momentum, driven by a breakout above a key resistance level, with strong bullish candles and minimal wicks signaling sustained buying pressure. Earlier in the session, a liquidity sweep below a prior low triggered sell stops, followed by a sharp rebound that indicates buyer accumulation. The pair is respecting an ascending trendline, confirming it as dynamic support, and trading above both the 50- and 200-period moving averages, with a golden cross further reinforcing the uptrend. Bullish divergences on the RSI and MACD highlight recovering momentum, while increasing volume during upward moves compared to lighter pullbacks suggests strong buyer dominance and the potential for further gains.
+ this can go two ways : reaching the first KL or the second one just under, globally the movement will be the same
GBPUSD GOING TO THE SKYGBP/USD is showing bullish momentum, supported by a decisive breakout above a key resistance level, accompanied by strong bullish candles and increased volume, signaling robust buying interest. Earlier in the session, a liquidity sweep below a major support level likely triggered sell stops, followed by a sharp reversal, indicating accumulation by smart money. The pair has also respected a rising intraday trendline, bouncing off it and reinforcing the upward trajectory. Technical indicators, such as bullish divergences on the RSI and MACD, further confirm weakening bearish momentum and potential for continuation higher. Additionally, the 50- and 200-period moving averages on lower timeframes are sloping upward, with a golden cross reinforcing the bullish outlook. This setup, combined with low-volume pullbacks, suggests a strong environment for further intraday gains.
+ was going down in response to the previous liquidity levels, is now answering this by reaching the higher K levels
GOLD BULLISHGold appears poised for a bullish breakout, supported by key technical indicators and chart structures. Price action has reclaimed a significant liquidity zone, suggesting strong buyer interest and absorption of supply. A confluence of dynamic support from an ascending trendline and the 50-day EMA further strengthens the bullish case.
On higher timeframes, a recent liquidity sweep at a key low has been followed by a strong rebound, indicating that sellers may be trapped and the market could pivot higher. A break above the recent market structure high could trigger stop orders, fueling momentum toward the next major liquidity cluster. Watch for increasing volume and momentum as confirmation of this potential upward move.
+ precisely the contrary of NASDAQ with a little more zigzag liquidity
GBPUSD – retesting the 200dma from below .. the week of 09 DecAfter being in bullish territory (above the 200dma) for over 6 months, this pair has broken below and on Fri, it retested (bounced off) the moving average. That is my reason #1 for a bearish bias.
#2 – The area around 1.2750 is a significant s/r & price has met with resistance here.
#3 – The bullish move we saw over the last 2 weeks was a retracement of the down move that began on 06 Nov.
#4 – This retracement of 50% coincides with the 1.2750 s/r level.
#5 – The weekly and daily chart are in complete alignment with this analysis.
#6 – The H4 chart shows how price has been moving in an equidistant channel during the retracement phase. Like most retracements, this move has been weak and shallow.
I believe that price will break out of this channel to the downside and the bearish move will soon continue. If this happens, price will also move below the 20sma. This will complete the picture I want to see for bearish price action.
I will place my stop above today’s daily pin bar and will initially target the 1.2340 region. My expectation is that this has the potential to be a prolonged bearish trend.
This is not a trade recommendation, merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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GBPUSD_1D&1W_SellAnalysis and analysis of the economy of the British pound Elliott wave analysis style Mid-term and long-term time frames The British pound is in a downward trend. The most important resistance is 1.27777 Trading position from sale to purchase The market is in a big ABC correction wave, we are currently in C wave. Resistance 1.27777 Support and targets are 1.24800, 1.20750, and 1.17475 respectively, and it can even fall to the last number of 1.14444. The conditions of the pound and the UK are not suitable and may not experience good conditions!
GBPUSD Will Go Up! Long!
Take a look at our analysis for GBPUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.275.
The above observations make me that the market will inevitably achieve 1.282 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Fundamental Market Analysis for December 12, 2024 GBPUSDEvent to pay attention to today:
15:30 EET. USD - Unemployment Claims
GBPUSD:
On Wednesday, GBP/USD exhibited limited movement, stalling near 1.27500 in response to the release of the US Consumer Price Index (CPI) data for November, which aligned with market expectations. The remainder of the week is relatively quiet in terms of UK economic data, with the US Producer Price Index (PPI) scheduled for release on Thursday.
The US PPI inflation rate saw a slight increase in the year to November, with core PPI inflation rising from 2.6% to 2.7% year-on-year. Core PPI inflation remained unchanged at 3.3% year-on-year. Additionally, monthly core CPI inflation increased in November, rising from 0.2% in October to 0.3% month-on-month. Despite the overall increase in core inflation, Wednesday's CPI figures were largely in line with expectations, maintaining a moderate outlook for investors.
CME's FedWatch tool indicates that there is now a 95% probability of a 25 bps rate cut when the Fed meets for its latest rate meeting on 18 December. Despite a short-term rise in CPI inflation, investors have concluded that the fluctuations in the published data are insufficient to prompt the Fed to reverse its latest quarter-point rate cut to end 2024.
US PPI inflation is expected to decline on Thursday, with markets anticipating a similar outcome to this week's CPI data. Producer-level inflation is projected to increase at the front end of the curve but remain near recent levels. The core price index is forecast to rise to 3.2% y/y, up slightly from the previous reading of 3.1%.
Trading recommendation: We follow the level of 1.27500, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
GBPUSD H4 | Falling from the Fibo confluence?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2834, which is a pullback resistance that aligns with the 61.8% Fibo retracement and the 78.6% Fibo projection, indicating a strong level of resistance.
Our take profit will be at 1.2728, an overlap support level.
The stop loss will be at 1.2942, a pullback resistance close to the 78.6% 61.8% Fibo retracement
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GBPUSD (1W) HIGH-RISK OPPORTUNITY, UPTREND📈GBPUSD: A High-Risk Uptrend Retracement
The GBPUSD pair is currently undergoing a high-timeframe downtrend. However, we’re observing a short-term retracement to the upside . While this may offer potential trading opportunities, it’s crucial to approach this market with caution.
⚠️ Holding a Long Position above 1.3559 is HIGH-RISK
Key Levels to Watch:
SLO2 @ 1.3652 ⏳
RESISTANCE @ 1.35874
SLO1 @ 1.3458 ⏳
TP4 @ 1.3359
TP3 @ 1.3005
TP2 @ 1.2776
TP1 @ 1.2445
BLO1 1.2107 ⏳
BLO2 1.1900 📈
Risk Warning:
Holding a long position above 1.3559 is considered high-risk due to the underlying downtrend. Please exercise prudent risk management and consult with a financial advisor if necessary.
Stay tuned for further updates as the market evolves.
FORECAST UPDATES: Post CPI Results. Did We Get The Bias Right?Wednesday Dec. 11, 2024.
This is the Mid-Week Progress Report. Checking the accuracy of the Weekly Forecast and the Updates video posted yesterday.
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DXY - 4H Dollar Index more FallTechnical Perspective:
TVC:DXY experienced two significant bullish legs in October and November on the daily time frame. However, the index started to fall sharply at the end of November, and this bearish momentum remains strong.
On the 4H chart, DXY reached a key resistance zone and faced a significant rejection with notable bearish momentum, signaling the continuation of the downtrend.
The current movement indicates a high likelihood of further declines, potentially to the bottom of the trading range. Many USD pairs are at critical support or resistance levels, and expected reactions from these zones could amplify downward pressure on the DXY, making it increasingly vulnerable to a substantial fall.
Fundamental Perspective:
In December 2024, the bearish sentiment surrounding the DXY is driven by key fundamental factors. The Federal Reserve is anticipated to implement another 25 basis point interest rate cut during its December 18 meeting, following earlier cuts in September and November. This dovish policy reflects the Fed’s commitment to supporting economic growth amidst a slightly cooling labor market and growing global uncertainties.
Adding to the pressure, inflation data showed a 2.7% year-over-year increase in November, a slight uptick from 2.6% in October. Despite this, the Fed remains focused on easing monetary conditions to mitigate recession risks. Additionally, the recent U.S. presidential election has raised prospects of fiscal policy changes, including proposed tax cuts and potential tariff adjustments, which contribute to market uncertainty and weigh on the dollar.
These fundamental shifts align with the bearish technical setup, suggesting that the DXY’s downtrend is likely to persist in the near term. Keep an eye on upcoming Fed announcements and inflation data for further confirmation of this trajectory.
XAU/USD : Gold will pump to $2700 ? (READ THE CAPTION)Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price opened with a positive gap today, showing a rise from $2633 to $2676. Notably, gold finally made its next move upon reaching this level, and we have seen a correction from $2676 to $2666 so far. The key question now is where the price will close in the next 6 hours.
We might see an initial rejection, but due to recent developments in the Middle East and increased risk, further growth in gold prices is anticipated. Keep a close watch on gold's reaction to the levels of $2689 to $2695. This analysis will be updated moment by moment as the price moves!
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GBPUSD: Expecting Bullish Continuation! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPUSD chart which, if analyzed properly, clearly points in the downward direction.
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The BoE's interest rate cut path is becoming unclear.
Bloomberg Economics reports that the Bank of England (BoE) is unlikely to keep cutting interest rates after 2025 due to an overheating economy and the risk of rising inflation. While BoE Governor Bailey anticipates four 25bp cuts next year, markets are skeptical about the central bank's ability to further reduce rates without igniting inflation.
GBPUSD continues its uptrend, holding above the trendline. Both EMAs widen the gap, indicating a bullish momentum. If GBPUSD holds above the trendline, the price could gain upward momentum toward the resistance at 1.2850. Conversely, if GBPUSD breaks below the trendline, the price may retreat to the support at 1.2715, where EMA78 coincides.
GBP/USD Trade Setup: Potential Reversal The price is approaching the lower boundary of an ascending channel, with the RSI signaling an oversold condition, suggesting a potential reversal or bounce higher. Wait for confirmation before entering a long position on GBP/USD.
Target levels:
TP1: 1.2780
TP2: 1.3000
+180/+360 pips GBPCAD Swing trade setup🔸Hello traders, let's review the H4 chart for GBPCAD today. Trading
near premium prices of the multiweek range, closing in on heavy S/R
Currently risk/reward is shifting in bears favor, so it's recommended
to look for sell side setups in this market.
🔸Bearish OB / fresh liquidity set at 8095/8125. Price structure
indicates potential incoming reversal once we trigger the OB.
🔸Recommended strategy for GBPCAD traders: focus on short selling any rips/rallies near OB 8095/8125 price is currently trading near premium levels and is maxed out already, limited upside. TP1 bears +180 TP2 bears +360 pips final exit 7750 keep in mind this is a swing trade setup so naturally will take more time to complete / hit both targets. good luck traders!
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