M Formation is potentially forming on GBP/AUD It has been shown a sideways notion with a consolidation range more than a trend. But if the price does break below and strongly, we could see the GBP tank against the Ozzie. First target will be around 1.8173
Got a short signal using a Sell Stop. SELL STOP Entry Price: 132.759 Stop Loss: 134.469 I'm not a financial advisor. If you're looking for financial advice please seek an advisor in your local area.
Open Sell position on 1.3092 SL 1.3121 TP 1.2986 RRR - 1:3.6 I think many major pairs is going down (xauusd, audusd, gbpusd). What about USD ?
Open SELL order - 1.3069 SL - 1.3113 TP - 1.2867 RRR - 1:4.6 Adding new SELL order Reasons - breakout sell level at 1.3068 and retest it
Open Sell order on GBPUSD 1.3155 SL - 1.3195 TP - 1.2867 RRR 1:6.98 Also you can use sell orders for all cable positions
Fundamentals:- We had quite a turmoil last week with the trade war possibilities and then at the weekend with the strikes on Syria. I was up in arms about what to trade this week when I realised the Retail sales figures for the US on Monday are expected to come in much better than previous. Not only that but the strikes on Syria are supposed to be a single message...
Fundamentals:- As posted in the last trade signal we expected the GBP/USD to sell off. Due to Brexit pressures and the US moving further away from a trade war it is likely we could see a further sell off in this currency pair. Technicals:- As you can see from the Chart I have put a fibonnaci retracement on the recent downturn which give a 50% pull back at 14150....
IMO Mark Carney was very dovish on the margin, certainly reinforcing their/ my view of an August cut being 90% on the table. The most supportive statements were "MonPol Important In Cushioning Effects Of Any Relapse In Recovery In Months & Quarters Ahead", "The MPC Does Not Have The ''Luxury '' and "More Should Be Done To Cushion The Effects Of Negative Shocks" -...
1. *Id say a 6/10 dovish reaction by markets, GBP falling across the board & FTSE gaining. Carney seems contempt with a lower GBP and is happy to continue talking the currency lower in an attempt to use the exchange rate mechanism as a leading instrument to buoy UK economic stability (GDP, CPI, Unemp) against the potential Brexit backdrop; thus I continue my view...
Indicators to check BEFORE GBP Shorting for confirmation I also suggest using two other key pieces of information BEFORE shorting GBP. 1. Use USDJPY as a measure of market risk appetite and stability - As you can see below UJ has traded with a tight 38pip range vs GBP$ at 180pips. Therefore we can use UJ as a measure of stability and risk appetite: 1)...
Although the AUD is fairly weak at the moment the recent rally on the GBP/AUD based on the RBA rate cut and dovish stance it is a bit of an over kill bearing in mind the UK referendum will weigh on the GBP leading up to the 23rd of June. Even if the rally continues we expect to see a pull back on the current up move from the current area of confluence. As you can...
With what looks to be a very dovish thursday looming tomorrow for the U.K. and analysts now suggesting a push back in rate hikes to 2018 and even the potential of a rate cut we are looking for further weakness in the GBP. The Oil price has had the biggest decline in 2 days in 7 years but seems to be finding a bottom around the 27 - 29 $bb mark which indicates we...
We are looking at the technical set up here with a continuation of the uptrend a pull back is imminent at least to the 50% fib retracement where we can expect buyers to jump back into the market. this will depend on twhere the market opens on Sunday Evening. If we make a new high then this plan will become obsolete. Profit taking on Friday may have been the cause...