GBPUSD ANALYSIS BUY 1HR TIMEFRAMEHere on GPBUSD price has been dropping but the trend is uptrend therefore we be going for LONG at psychological level 26000 then our targed profits should be at psychological level of 26500.
Gbpusdtrade
gbpusd up GBP/USD declines toward 1.2650 as mood sours
GBP/USD turned south and declined toward 1.2650 after spending the European session in a tight range near 1.2700. The negative shift seen in risk mood makes it difficult for the pair to hold its ground Trend momentum is mildly bullish on the intraday and daily DMI studies, suggesting the GBP/USD pair should remain supported on minor dips. But Cable gains have struggled to extend through 1.2700/1.2710 in the past few sessions. A push firmly above 1.2710 targets a move on to 1.2750/1.2775. as marGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.kets assess the latest US data releases.
GBPUSD → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . GBPUSD long
! Great BUY opportunity GBPUSD
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GBPUSD: Dollar falls because of PCE inflation, consciousness on
The greenback index and greenback index futures each fell 0.1% in Asian buying and selling on Tuesday, with the dollar dropping a few floor in anticipation of key monetary data.
PCE charge index data - the Fed`s favored degree of inflation - could be launched on Thursday and is predicted to be taken into consideration in determining the valuable bank's hobby fee plan.
Before that, the second one up to date document on US fourth sector GDP can also be launched on Wednesday.
The relative resilience of the United States financial system and inflation indicates the Fed is signaling it's far in no rush to begin reducing hobby costs as early as this year, which bodes properly for the greenback.
GBPUSD - Short term buy ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for a long. I wait price to continue the retracement and then to reject from support zone + trendline.
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GBPUSD 4HRS ANALYSIS Looking at the price we can see that it have reached to a psychological level of 27000 which is our TP2 now the price is likely to mske another move to hit another psychological level of 27500 TP 3 and another psychological level of 28000 TP4 . This because price is still in uptrend and likely to continue moving upward.
GBPUSD 1 HR ANALYSISAs TP2 has reached mentioned earlier now we can wait before another move to see if the price will form a pattern or another Shape to give a signal for another entering of buy.
GBPUSD Short From Falling Resistance ! GBP-USD is trading in a
Local downtrend along
The falling resistance line
So after the retest of
This resistance I think
We will see a further
Move down !
GBPUSD BUY ANALYSISHere on gbpusd price has made a rebound around psychological levels of of 26500 and helding moving up . SO going for LONG is expected and targeting profits should be around 27000 levels.
Candlestick patterns and chart patterns specific to GBP/USDWhen trading GBP/USD, traders often look for specific candlestick patterns and chart patterns to identify potential trend reversals, continuations, or other trading opportunities. Here are some candlestick patterns and chart patterns specific to GBP/USD trading:
**1. Candlestick Patterns:**
a. **Engulfing Pattern**:
- Bullish engulfing: Occurs when a large bullish candle completely engulfs the previous bearish candle, signaling a potential reversal from bearish to bullish sentiment.
- Bearish engulfing: Opposite of bullish engulfing, indicating a potential reversal from bullish to bearish sentiment.
b. **Hammer and Hanging Man**:
- Hammer: A bullish reversal pattern characterized by a small body with a long lower shadow, suggesting buying pressure after a downtrend.
- Hanging Man: Similar to a hammer but occurs after an uptrend, signaling a potential bearish reversal.
c. **Doji**:
- Doji candlestick has a small body with wicks on both sides, indicating indecision in the market. A doji appearing after a strong trend may signal a potential reversal.
d. **Morning Star and Evening Star**:
- Morning Star: Consists of three candles - a long bearish candle, followed by a small-bodied candle (doji or spinning top), and a bullish candle that closes above the first candle's midpoint. Signals a bullish reversal.
- Evening Star: The opposite of the morning star, comprising a long bullish candle, followed by a small-bodied candle, and then a bearish candle that closes below the first candle's midpoint. Signals a bearish reversal.
**2. Chart Patterns:**
a. **Head and Shoulders**:
- A bearish reversal pattern characterized by three peaks - the middle peak (head) is higher than the other two (shoulders). It indicates a potential trend reversal from bullish to bearish.
- Inverse Head and Shoulders is its bullish counterpart, signaling a potential trend reversal from bearish to bullish.
b. **Double Top and Double Bottom**:
- Double Top: Formed when the price reaches a peak twice with a trough in between, indicating a potential bearish reversal.
- Double Bottom: Opposite of double top, formed when the price reaches a trough twice with a peak in between, signaling a potential bullish reversal.
c. **Flags and Pennants**:
- Flags and pennants are continuation patterns that occur after a strong price move, representing temporary pauses before the trend resumes.
- Flags are rectangular-shaped patterns, while pennants are small symmetrical triangles, both indicating consolidation before a continuation of the trend.
d. **Rising and Falling Wedges**:
- Rising Wedge: Formed when the price consolidates between two rising trendlines, signaling a potential bearish reversal.
- Falling Wedge: Opposite of rising wedge, formed when the price consolidates between two falling trendlines, signaling a potential bullish reversal.
Traders should combine these candlestick and chart patterns with other technical analysis tools and confirmatory indicators to increase the reliability of their trading signals when trading GBP/USD.
GBPUSD BUY ANALYSIS UPDATEBased on our previous analysis in which we mentioned Elliot wave we can see that price keep going toward the Elliot wave so take profit should be at 26500 or 27000 psychological level
GBP USD Buy GBP/USD reversed its direction and declined below 1.2650 after rising above 1.2700 earlier in the day. Renewed US Dollar strength on the back of better-than-forecast Jobless Claims and upbeat PMI data makes it difficult for the pair to keep its footing.
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
Confirm Chart GBPUSD
GBPUSD: The USD fell earlier than the PMI data, the Euro and BriThe dollar edged lower in early European trade on Thursday, with risk sentiment buoyed by Nvidia's strong earnings, while traders awaited the release of business activity surveys. important for finding clues about the health of the global economy.
At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading 0.4% lower at 103.472, down nearly 1% year to date. this point this week.
Strong earnings from AI favorite Nvidia (NASDAQ:NVDA) boosted global confidence, resulting in the safe-haven dollar taking a hit, favoring more cyclical currencies .
The greenback hit a high this week, but remains more than 2% higher for the year, as traders eased aggressive bets on a series of interest rate cuts by the Federal Reserve this year.
Minutes of the Fed's late January meeting, released on Wednesday, showed that the bank is in no hurry to reduce interest rates in the near future. Speeches by several Fed officials this week also reiterated this hawkish stance, with policymakers citing concerns about tough inflation.
Attention now turns to the release of PMI data, weekly unemployment data and, more importantly, manufacturing and services PMI data for February, to gauge the economy's underlying strength.
GBP/USD traded 0.5% higher at 1.2701, with UK PMI data expected to show strong expansion in the country's dominant services sector.
GBPUSD 15 MINS TIMEFRAME LONG Price has been in uptrend and make some drop down . Look at elliote wave we can see that is also predicting BUY and that means our profit target should be around psychological levels of 27000 - 28000
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- **Charting**: To access the charting tools, click on the "Chart" tab located at the top of the screen. This will open up a new chart window where you can select your preferred trading instrument (such as GBP/USD), customize chart settings, and conduct technical analysis using drawing tools and indicators.
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GBPUSD 15 MINS ANALYSIS Here the market has made a rebound around psychological levels of 26000 so now double bottom has formed and ready to move up again so targeting profits should be level of 26500 for TP1 , 27000 for TP2, 27500 for TP3 and 28000 for TP4
GMPUSD H1 / Bullish Continuation / Targeting the PWH ✅ Hello Traders!
This is my forecast related to GBPUSD H1. I see a bullish market at the moment, that's why I expect that PWH will be taken. Until now, we can see only HH and HL, meaning that we are in a bullish market.
It's a good opportunity to look for long entries, as the bias according to this scenario is bullish.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GBPUSD - next down waveNot surprising to see the upside this morning, and caught a decent amount of positions. 1.15 for extremely long target, not thinking about speculation at this moment.
GBPUSD I Continue to short below 2683 resistanceWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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GBPUSD Imminent Shorts down towards 1.24000This week, GU presents an intriguing setup as it appears to have made a decisive move. With the pair breaking structure to the downside and the dollar strengthening, it has reinforced a bearish trend in my view, prompting me to consider shorting opportunities. My focus is currently on the 4-hour supply zone, anticipating a Wyckoff distribution to unfold.
At present, I don't see any clear buying opportunities, while selling positions align with the prevailing trend. Therefore, I'll await the Monday open to observe how price action around the Asian high unfolds, with the intention of initiating sells. The aim is to target the 1-hour demand zone and capitalise on the trendline liquidity below.
Confluences for GU Sells are as follows:
- Price left a clean 4hr supply zone with a refined version in which we can expect a bearish reaction to take place.
- Price has been moving bearish regarding the recent break of structure to the downside.
- DXY is also been moving bullish so it backs the GU downtrend.
- Lots of liquidity to the downside like trendline liquidity and Asian lows.
- The overall trend of this market like the monthly still shows its a bearish trend.
P.S. As it's a bank holiday for the dollar on Monday, I'll proceed cautiously and anticipate limited market activity. However, if my trading edge aligns with all my confirming factors, I'll execute my trades promptly and decisively.
HAPPY TRADING!
GBPUSD FORECAST 19TH - 23RD FEB 2024Here on GBPUSD price move to our previous TP 2 and now bounce back psychological level . now we are expecting to go LONG again and take our profits at targeted levels of TP1, TP2, TP3 and TP4 of the psychological levels marked .
GBPUSD LONG TERM BUYING IDEAHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
