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Pound

US dollar index DXY short ideaShorts only for the US dollar today, but looking at the chart we have a reasonable target to the downside which would complete a channel. A further push lower into an imbalance with a swing low with plenty of stops below it. To the upside, we have a double top and a continuation of a larger/higher time frame bullish trend. In these markets, you need to pick a side and take any signal that comes your way. Going long and short on the same day will just lead to getting chopped up. If you pick a side and you don't get filled it is a lot better than picking a side and losing money, so be grateful. Short DXY would infer that we are looking for longs in EURUSD and GBPUSD
TVC:DXYShort
by Macrobriefing
EURGBP short IF cross MABoth zones UK and Euro had rise their interest rates in 75bp. Days ago Lagard said ECB will continue raising rates to fight the inflation, and BOE are warning about a long recession, and the interest rates hikes in 30Y In this chart we can watch the price touching the resistance and a overbought at BB and RSI, changing the direction such as MACD that had already crossed the signal line. We can wait for the confirmation of short position after the candles cross the MA, and open our position against Eur if it's a strong short candle
Short
by AFCapital21
GBPUSD forecast for this weekThe British pound edged above $1.12 recouping some losses from the previous session The Bank of England’s emergency bond-buying scheme, which was used to cover pension funds caught up in the market chaos sparked by the tax cuts announced last month, I think by Wed or Thursdays we will see price starting to fallin we are monitoring GBPUSD for a selling opportunity around 1.14500 and 1.16500 zone, once we will receive any bearish confirmation the trade will be executed! free to ask any question in comments
Short
by TradingWithMohamad
2
GBPAUD SELL ANALYSIS TO $1.76:5 wave bullish move complete on GBPAUD, which should now be followed by a 3 wave correction. So far, we have seen the first corrective wave drop towards $1.767 (Wave A), before pulling back up to create Wave B. A good target for Wave C to finish would be around $1.76, offering a 250 PIPS profit opportunity. There is also a gap waiting to be filled towards the downside. Wait for price to hit green line, for a sell confirmation📉 Drop a follow to keep up with the latest, free market analysis✅
Short
by BA_Investments
4
GBP/USD Buy the Dip As financial common sense slowly returns to the British government, so too will stability to the pound. While the UK markets have a long way to go to restore credibility and trust, traders are beginning to return the pound. The FOMC announcement today will move the markets and trying to predict the capricious nature of the Fed is impossible, but the technicals are indicating the pound may set for a run up. There is an inverse head and shoulders and clear volume accumulation around 1.13 with the next strong overhead resistance at 1.20. Trade: 1) Open position here with a stop loss at 1.12. 2) If the market declines over the next few days, add to the position with the last level being 1.126. 3) Take profits 1.195.
Long
by Lazy_Investing
3
GBPNZD testing support + newsPrice is testing the support for the 4th time, such as MACD. We can see the columns in MACDS indicator losing power, and the line crossing each other. About candles we've a three inside up after testing the support, show us a bullish signal. And to conclude the Reerve Bank of New Zeland says "economy will slow as rising rates curb consumption", the houses prices are still expensive; and this morning in NZ we had data about unemployment and employment, and: Unemployment: 3,3%, higher thand expected (3,2%). They though the rate was lower than last Q, but is the same as the previous and higher than expected. Employment: Higher than expected with a change of 1,3bp and the forecast was 0,5% --------------------------------- Dont forget about yesterday: BOE made a £838b stimulus and sold £750m of gilts
Long
by AFCapital21
GBPUSD: Detailed Technical Outlook 🇬🇧🇺🇸 Here is my technical top-down outlook for GBPUSD. The pair has recently broken a major falling trend line and a solid horizontal supply area. The broken structures turned into supports now. The closest resistance that I see is 1.168 - 1.174 area. Analyzing the intraday perspective, I spotted a falling wedge pattern on 4H time frame. I believe that the next bullish move may initiate after its bullish breakout. Monitor the underlined green supports for buying opportunities and look for a confirmation on lower time frames. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
10
GBPAUD: Your Trading Plan For Today 🇬🇧🇦🇺 Hey traders, GBPAUD is approaching a rising trend line on a daily. The price formed an inverted head & shoulders pattern on that on 1H time frame. 1.7937 - 1.7953 is its horizontal neckline. To buy with a confirmation, wait for its bullish breakout (hourly candle close above that). Then, buy aggressively or on a retest. Targets will be 1.8033 / 1.8075 If the price sets a new low, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
Institutional Supply: GBP/CAD ShortHi everyone! It's been a while that I've been sharing some charts! The main currency of interest at the moment is The Pound! With a crazy strong move for the past weeks, finally many GBP based pairs have reached clean areas of value. The chart you're seeing above is GBP against CAD, which is currently sitting at a obvious daily and monthly area of value for us. Those that know how we've been trading for years know how to capatalize on these moves, I'll keep sharing some charts the upcoming weeks ahead. Have a good time trading! Kind regards, MNieveld
Short
by newcapitalfx