DXY & GBPUSD: Addressing Inefficiencies 📉 | Friday OutlookGreetings Traders!
Join me in today's video as we delve into an in-depth analysis of GBPUSD and DXY, exploring key expectations for today's trading session and summarizing this week's trends. This analysis is crucial as it sets the tone for next week's trading as well. We've reached a critical juncture on both the DXY and GBPUSD charts, making it essential to understand what lies ahead.
What do you think will be the major market mover going into next week?
Stay tuned for valuable insights, and don't hesitate to leave any questions or comments in the section below.
Happy Trading,
The_Architect
Gbpusdanalysis
GBPUSD TRENDLINE BREAKOUT BUYHere on GBPUSD price has be moving down after the previous breakout so now forming a little downtrend so it like to break the trend and start going up so it expecting to wait till after the brakeout before going for buy so the expected targeting profit should be around a psychological level of1.27000. It also advisable to use money management .
Fundamental Analysis of the US Dollar
The trend of the US dollar is as I predicted. This can be seen directly from the trend chart of the Asian market. The U.S. dollar index is currently showing an oversold rebound trend. The key thing to pay attention to is the pressure level above, which is around 105.3-105.5 to see if it can stand firm.
In trading, EURUSD and GBPUSD can be sold at a higher price first. Wait for the market to fall.
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💡 GBPUSD: Analysis May 14GBPUSD increased yesterday, but has not made any changes in the chart structure. The overview shows that the price is still moving sideways in an overall downward trend.
The latest price increase helps GBPUSD H1 establish a new high price peak, continuing the short-term price uptrend. Today you can catch retests to buy in line with the short-term uptrend. The sell scenario will be activated if the price is pushed down again to reverse the GBPUSD H1 structure from increasing to decreasing.
💡 Trend H1: GBPUSD increases.
Today's trading idea: Buy GBPUSD.
💡 GBPUSD: Analysis May 16GBPUSD extended the series of increasing prices, creating the strongest increasing day after yesterday. The D1 bar structure creates a bullish marubozu model reflecting good buying pressure. At this time, the price is located at an important resistance zone. An upside break from this price peak will help GBPUSD D1 establish an uptrend again.
GBPUSD H1 continues its uptrend with the establishment of a new high price peak. The steep slope confirms strong bullish momentum. Today's pullbacks will be an opportunity to buy GBPUSD H1 during the day.
💡Trend H1: GBPUSD increases.
Today trading idea: Buy GBPUSD.
DeGRAM | GBPUSD pullback in the channelGBPUSD is moving in an ascending channel above the trend line.
The chart has reached the resistance level, which was the reversal point last time.
We expect a pullback after the end of testing the current level.
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GBPUSD: The US dollar usually appreciates in May, but this year UBS, a Swiss bank, stated in a May thirteen report: "Historically, May has been a tremendous month for the greenback. Our seasonal indicator indicates that call for for USD commonly will increase in overdue April and peaking in mid-May, with the Euro (EUR), Australian Dollar (AUD) and New Zealand Dollar (NZD) commonly maximum affected."
However, UBS says that the greenback has now no longer proven an awful lot seasonal volatility so far, that is constant with the inventory market`s cutting-edge lack of "May selling" tendencies.
GBPUSD - Long from trendline ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement and then rejects from trendline + liquidity zone.
Fundamental news: Tomorrow (GMT+3) we will see results of monthly and yearly CPI on USD, news with high impact on currency.
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GBPUSD SELL | Idea Trading AnalysisGBPUSD is moving in a descending channel near the upper boundary.
The volatility of the price movement decreased when approaching the channel boundary.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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💡GU Multitimeframe 💡Starting to see some bearish confluences on GU
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☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Cable expecting shortThe cable (GBPUSD for newbies) is definitely of my favourite pairs. My previous plan was just really accurate, and i am here sharing a short term plan. I expect a drop tomorrow that could lead the price below the short term trendline, and i think this drop could push the price lower. I expect a bearish trend till Friday morning, where we could see a possible reversal pattern.
GBPUSD: Detailed Structure Analysis 🇬🇧🇺🇸
Here is my latest structure analysis for GBPUSD.
Support 1: 1.2445 - 1.2490 area
Support 2: 1.2299 - 1.2350 area
Resistance 1: 1.2560 - 1.2639 area
Resistance 2: 1.2677 - 1.2722 area
Consider these structures for pullback/breakout trading.
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GBP/USD Longs from 1.24800 up towards 1.26600My analysis for GBPUSD this week is to uphold the bullish trend we've observed over the past week. With a newly established 1-hour demand zone and a nearby 5-hour demand zone, I anticipate price to decline from the current supply and head towards the demand zone.
This move is expected to occur mid-week as price retraces and forms a Wyckoff accumulation within the demand zones. Presently, I maintain a bullish stance until price reaches the daily supply zone. Upon reaching this zone, I will seek significant selling opportunities as it represents a high-quality zone.
Confluences for GU Buys are as follows:
- Price has been bullish in the recent price action as you can see via the market structure.
- Two demand zones in close proximity has caused a break of structure to the upside.
- lots of liquidity in the form of Asia highs above to target as liquidity.
- Unmitigated daily supply that price needs to go towards.
- Dollar is also dropping so it makes sense with this bias. as they move opposite.
P.S. If price breaks through the current supply, I anticipate it will target the liquidity above and possibly head straight for the supply zone above.
Have a great trading week!