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Gbpusd1hr

Cable, sovereign debt crisis We are looking at a trend change in British pound so pay close attention to events ahead. A close above 12674 will be bullish and a close below 12200 will warn of possible decline. A risk to see complete monetary reform as early as 2018 exists, the long term risk adjusted in real terms for inflation also remains a long term risk. This market has remained bearish since the 28158 high in 1959. With no yearly bullish reversals from the major low in 1985 warning we remain in a bearish long term trend. This has warned that the overall trend of this market remains bearish since it has been unable to make higher highs. Thanks, your likes and comments are much appreciated!
Short
by TheBanker
6
GBPUSD @ 1h @ Trading Box (1.2505 & 1.2674 ) 50th week `16After the last selloff in October`16 we`re in an intact upside trend in GBPUSD right here right now ... The trendline runs netween 1.2450 & 1.2500 this week (50th week `16). Prices above confirms only the upside trend! Basic price action should be next 5 days in this trading box !? 1.2674 was monthly high last november`16 1.2505 was this month (december`16) low A BreakUp (of the trading box) could imply new December`16 monthly highs - even 1.2776 & higher. A BreakDown )of the trading box) will test the upside trend (even between 1.2450 & 1.2500) - lower prices could initiate price pressure to 1.2333 (October`16 high after selloff) & november`16 (1.2299) at least ... Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
by Devise2Day
GBP/$ Roadmap & Trading Tips Sept 2016 - ALL IN SHORT!Afternoon traders, I trust you are all enjoying your weekend after an insane Jackson. Apologies for not getting to post this sooner guys... Ahead of next weeks PMIs and NFP i'm adding looking to add shorts on cable, firstly, congratulations to the beach club who managed to catch the 1.32737 shorts with the spike - sterling bulls are in trouble if economy does not firm, betting on new lows ~ 1.27x Should be a nice thousand pip move, plenty of room to add into the position ! Enjoy and GL! www.tradingsignalreviews.com
Short
by TheBanker
4
GBPUSD Long - Elliott Wave Setup for Wave 5I don't usually trade Elliott Wave but this setup jumped off the chart and slapped me in the face while looking for reasons to go long GBPUSD. 15th August saw the beginning of the 1st wave with a double bottom at post-Brexit lows. To kick off leg 2, on Thursday 1st Septmeber UK PMI Manufacturing came out at 53.3, above the projected 49 and far exceeding July's figure of 48.3 and that sent PigDog soaring by 135pips in 1 hour. Friday 2nd September saw a big USD miss when NFP were worse than expected, giving Cable another ~90pip boost. Monday 5th September saw more good news for GBP with new car registrations up 3.3% and further PMI data exceeding expectations, whilst on Tuesday 6th more bad news out of the US saw the USD weaken. Mixed UK data on Wednesday has seen the GBP fall against the dollar, retracing back down to 50% of wave 3 in a 5-count correction (wave 2 was a 3-count, therefore you would expect wave 4 to be 5-count) and back into previous structure resistance. I will now be waiting for price to head up and will enter upon seeing a 21/55 EMA cross to the upside to confirm that the market is turning bullish, and a 5/8 EMA/SMA cross to the upside to confirm that price is now following the trend. Stochastic and MACD oscillators will also be used on multiple timeframes to confirm my entry point. Stops will be 50 pips or just below the 4/E swing low, whichever is tighter, and my conservative target will be 220pips north at the Monthly M4 pivot point.
Long
by Mase_00_7
GBPUSD, NFP & BoE Rate Cut - 6th Aug 2016Happy weekend traders! Sterling slump after BOE easing monetary measures which sent the market down more than 200 pips followed by some positive job numbers yesterday with NFP adding fuel to the fire. Technical see resistance level at 1.3050-60 zone where as long as market holding below this zone more drop will be expected toward 1.2900 levels Above 1.3210 market may obtain bigger rebound correction where resistance at 1.3280 and 1.3370 See related $DXY idea. GL www.tradingsignalreviews.com
Short
by TheBanker
9
XAU/USD - Gold Market Overview - 4th July 2016Overview: The Gold markets rally during the course of the session on Friday, touching the $1350 level. At this point in time, Gold sentiment is bullish and market is ready to go higher, as buyers are still interested in the market. The main trend of Gold is bullish on charts and and market is sustaining above the 100 days moving average on its 4 hourly chart. It is having important resistance at the level of $1360 and support level at the level of $1340. On its 4 hourly charts, MACD is sustaining in its positive territory and RSI is sustaining in its buying zone indicating the upcoming bearish trend in the oil prices. On intra day basis one can go for buy on lower level strategy. www.tradingsignalreviews.com
FX_IDC:XAUUSDLong
by TheBanker
GBPUSD 725 PIP OPPORTUNITY !!! Rarely wrong on cable, as I mentioned yesterday, market in potential Head & Shoulder formation managed to hit the market with first drop so far toward 1.4325 level where market back to advance from intraday uptrend level. GBP/USD Overview: Market still has room to advance to re-test resistance zone 1.4410-40 while as long as market holding below 1.4515 this H&S formation may drive market lower toward 1.3950 zone, where below 1.4325 expect farther drop along with this formation Above 1.4515 market may enter new advance channel that may lead higher to test 1.4600-70 zone. www.tradingsignalreviews.com
Short
by TheBanker
49