Morning outlook - GBP/USD reaches monthly R1 at 1.3208 Due to positive numbers that were revealed during a release on the UK Manufacturing Production, the Pound caught an upside momentum that helped it to reach the monthly R1 at 1.1320. However, this barrier appeared to be strong enough to prevent the further surge. Given that the southern direction...
Morning outlook - GBP/USD tries to break 1.2944 Fortunately for the Pound, the eight-hour downfall was stopped already near the 1.2880 level. Accordingly, the rest of the day the Sterling spent in a recovery against the US Dollar. By the moment, the pair has reached a combined resistance level set up by the weekly R1 at 1.2942 and the monthly S1 at...
Morning outlook - GBP/USD tries to head to the north In line with expectations, an announcement of the Second Estimate GDP helped the Pound to slightly recover against the American Dollar. In result of the surge, the currency pair has reached the upper boundary of a senior descending channel, but then was forced to make a rebound. The fact that the pair...
Morning outlook - GBP/USD rebounds from weekly PP at 1.2910 The latest developments in the GBP/USD currency pair forced to partially review the situation. On the one hand, the Pound expectedly rose and bounced off from the weekly PP at 1.2910. On the other hand, the subsequent fall through the 55- and 100-hour SMAs entails that the pair is rather...
I closed 2 short positions and I still have 1 left. When price reaches this area, it's time to make a decision to buy or sell more. Follow your trading and money management rules please. Share your thoughts, ideas and feel free to ask questions.
Break of Trend Line Higher High Will the Bulls go for another push above the resistance area? Push price to another High? We are in a downtrend on the higher Time Frames, so keep that in mind ;)
Overview: 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...
Guys...... Seems very timely a month from June 23rd, please see attached charts for previous success with this pair in particular. Everything is on the chart for this one, we will be following and updating this closely over the coming weeks/months. Like and comment your thoughts below, TheBanker. www.tradingsignalreviews.com
Here it´s sunday night, we´ve got a Cypher formation with trend that we have had on the radar since last week. Lets see if it retraces down to our PRZ entry level 1,45151 We don´t have a lot of structure here, but it´s with trend and RSI is working it´s way into oversold levels. Good luck and have a good trading week! Kind Regards Thomas Jeff
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...
You all know about this one haha www.tradingsignalreviews.com
GBPUSD is lining up with a very good long on both 1h and 4h chart. We have our trendchannel with 2 test of low and 2 test of high, with a possible bounce for 3rd test of low, plus a 78,6% fib retracement in almost perfect allignment. I've decided to go with a wide SL below the prev swing low, but this is ALOT of room to work with, and you could easily narrow it...
Hope you are all enjoying these guys, what a month its been so far !! tradingsignalreviews.com
GBP/USD Hourly 1.4076 Overview : Market managed to fell to test support 1.3845 as we see over the chart, while managed from there to rebound toward target zone 1.3960-1.4000 as we advised before on Tuesday. Britain published construction sector PMI: 54,2 that is lower then the forecasted 55,5. The pound did not receive support from the black gold market...
SUMMARY: The primary trend of GBP/USD is bearish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and taking resistance of 200 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4405 and support at the level of 1.4175. If it breaks...
Hello Traders! Binary EWA/EWP! Anyway, short! Target - 1.39400 Sincerely yours, Powerful Traders.
We can see nice trend since begining of the year. We got breakout from trend few days ago but its loook like we come back and continue downtrend. 1. Buy some pieces of position. 2. Set 2 or 3 stages of TP. 3. Set one stage of SL. 4. As u wish put some BuyLimit or BuyStop positions. 5. After Reach first stage TP close first piece of position, and change SL. U can...