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Sterlingdollar

GBPUSD Potential Long OpportuniyGBPUSD has been exhibiting a textbook Lower-High and Lower-Low since June of 2014. The most recent lower-high was in April of 2018 and price made a lower-low in March of 2020. Since March of 2020, price has been in an uptrend and has not made a lower high than the April 2018 high, IN FACT, price has reached the same high of April 2018. This is a potentially decisive moment for the Pound's road to 1.50 My technical analysis shows divergence on the 12H TF, couple that with the BOE's decision to raise rates in 2022, there could be a good rally up for the Sterling. IF price breaks over the high of April 2018, we could be looking at a strong uptrend. Let me know what you guys think, I'm more than happy to hear a different opinion. <3
Long
by harveytiven
6
The surprise of the GBPUSD continues?Hi everyone I hope you are well In the final analysis, our purchase idea was successful and we made a good profit. But in this analysis I present two hypotheses: 1. The price will reach the resistance zone specified in 1.4142 to 1.4242, and in dealing with this zone and pullback to the previously broken daily trend line, change the trend and start a relatively large bearish trend or correction. In this case, we will see a pattern of two peaks, but we must have a Kendall pattern to start the descent. 2. Break the price of the specified resistance zone, in which case the movement towards the resistance line of the channel starts in the range of 1.4700 to 1.4900. For the formation of this movement, stabilization of the daily candle above the specified zone is an important condition. 📣 Attention 📣 ⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea. ⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis. ⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
by fx_iranian_traders
An overview of GBPUSD performanceHello I hope you are well This analysis is done on a daily basis and has long-term goals. The last time we analyzed the chart, we had a sell signal. Our sales deal has not been closed yet and about 200 pips entered the profit and returned, but it is still open. As we analyzed last time, the previous analysis is correct and the chart could not reject the price of 1.4000 and went down. But on the way back to this price, it quickly signaled a decline with the candle pattern. If the chart can break the level of 1.3820, it will continue to move towards 1.3600 and lower.
Short
by fx_iranian_traders
2
GBP/USD Is At a Difficult Position - Here is How to Trade it.After a fantastic trade set-up for GBP/USD on my previous idea where we saw that indeed the confluence between the support zone and the trendline caused the price to go up, we are now at a difficult situation. If you were long already a great place to exit could be directly underneath the horizontal resistance. However, if you're not in the trade at the moment this is not a good moment to buy. Instead, I suggest waiting until the price reaches the resistance and go short there for a better risk-reward on your trade. For the take profit position, you can see that I deviate from my normal suggestion. Instead of taking profit at the horizontal level, I decided to be more conservative here and suggest holding to the trendline only. The reason for this is that the ascending trendline indicates a bullish trend overall, and therefore I feel waiting until the horizontal support would be too optimistic and risky. - Trading-Guru
Short
by Trading-Guru
7
British Pound/US Dollar UpdateThis is my view on the British Pound/US Dollar from a weekly perspective. I feel as though the tide is changing for the Sterling, FINALLY. The #1 indicator that'll never fail you is Price Action itself, and since we know this I'll share my thoughts as to why I believe it'll eventually head further up. Confluence (3 or more): 1. GBP had bottomed out, but multiple touches dating back to October '16 on the $1.2132 level have been respected. 2. P.A. has formed the 'W' formation near the $1.2132 level from the weekly. 3. 1st touch of the zone ($1.2462-$1.2669) underneath current price was respected. Precursor. 4. Multiple touches have taken place with the O.B. ($1.3486-$1.3617) that's holding up price. Absorption. What would you like to see happen now? I would love to witness more bearish momentum UNTIL P.A. reaches the $1.2462-$1.2669 area to then see if the flow of price reverse. Let's say it did go down, but didn't "respect" it... then what? I would wait for a B.A.R. of that very level in order to short it to the next barrier. Okay, what if price never reach that level below? That's when I would wait for a B.A.R of the $1.3046-$1.3082 area to long it to the next barrier. I would anticipate price to go deeper into the zone below IF it happens to revisit, and there's some nice *profit margin* heading to the upside once that upper O.B. is absorbed. We shall see.. Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
by ChrisJTradesFX
Special Analysis: Sterling Pound for long-term!!!As the American is into the reccesion for long-term, America experiment a grant deprecciation of their value in long-term!!! Well in monthly timeframe we could see a formation of armonic pattern, that mean that Sterling Pound it's could be to reach the 1.27% or 1.618% of Fibonacci's armonic. It's so curios becuase hile Euro is up, Sterling is up too and have the same cycle as Euro too. What do you think about this analysis that I share you?
by harisonhbn9718
GBP/USD buy opportunity... Hi Traders, Cable has entered the week 20/07 with some noticeable strength and should not be ignored. Here we have a buy opportunity on the GBP/USD to potentially the 1.28 handle before I begin looking for signs of a reversal. This week the cable will be faced with some PMI and other economic data figures along with the ongoing Brexit negotiations. Reports suggest the pound is 3 times more likely to react 'dramatically' than the other majors so this is an opportunity to ride a potential move higher in sterling. From a technical analysis perspective, I am looking at a bullish flag in development, price has currently just broken above the 200-day MA further indicating sterling strength and my immediate target is the 1.28 level. ENTRY: Use the 15 minute timeframe for entry analysis! It is unlikely to find another 1hr or 4hr correction (if above analysis is correct) at the current structure so use the 15 min timeframe to pick out an entry and use stop losses accordingly! 👍🏽 Follow for more updates. Any questions, feel free to ask. Ike
Long
by Ikeokeke25
Uk in the unemployment crisis warn!!! Horrible!!! FundamentalsHello guys, in this technical analysis, we see how Sterling Pound is go to drop the price, also economyst and financial analysis hope that the currency going to crash the value of the USD. So, guys the situation in Great Britain is warn a possible gran reccesion in UK based in the unemployment crsisis and healthly system about the growth of covid-19 cases. Also to make a pretty in H4 timeframe, I identify a nice bearish BAT and there are a possibility that Sterling reach the cotization of $1.22 USD Approximately, because there are a horrible fundamentals for the UK economy. Also, as we are in profit of more of 93 pips, I reccomend to put a break even of the zone of $1.2567 to protect your position, because Sterling Pound is going to crash with a bad news!!!. Reccomend to put a break even to protect 52 pips, because this is our profit if in case that price go back up. And finally, in Daily we could to in formation of bearish channel and also, if you noticed, I entry in the exact and good position to a short of GBP/USD. But rememebr that drop is so horrible as UK economy enter in a reccesion of this pandemic and the bad news that leave in the future in short term as Brexit is outlook for the coronavirus and England's people pass the quarantine in their house and unemployment crisis it's will be affect. Now, I share you my fundamentals what I found out: 1. GBP/USD Exchange rate retreasts as disappointing GDP points to tough road ahead for UK economy. 2. The pound to US Dollar exchange rate is on the defensive today, in response to some weaker-than-expected GDP fiugres from the UK. 3. Poor GDP figures pose problem for GBP long term recovery 4. Having fallied through the first half of July, the pound now faces some potential hurdles going forward with the publication of the UK's latest monthly GDP release 5. According to data published by the office for national statistics (ONS), the UK economy grew by 1.8% in May, up from a 20.3% of contraction in May but missing expectatives for a more robust 5.5% expansion 6. The disappointing figures suggest that the UK economy is not bouncing back quite as quickly as economist had hoped, after the lockdown saw brought economic activity to a sheerching halt in April. 7. Uk firms rethink FX hedging as coronavirus and Brexit fog outlook 8. Coronavirus adn the end-2020 Brexit deadline have left UK firms facing historic uncertainties, prompting many to find more flexible ways to protect their foreign exchange exposure. 9. The pandemic is expected to cause Britain's biggest economic contraction in 300 years and swell unemployment, debt and corporate bakruptions. That's added a risk is that Britain could cast off from the European Union next year without having agreed any trade deals. Important 3 keys to take in noticed: 1. Analysts warn for an impeding employment crisis could add to the UK's economy 2. Robert Alster, head of investments services at close asset management comments that as the UK economy it's only grow up by 1.8% in May, the month where lockdown started to ease, points to choppy waters ahead 3. While the GDBP has improved slightly it's worth voting that the economy is still 25% smaller that it was in February 2020, before the pandemic took hold. All Jobs, both on the high street and in industry, are disappearing at an alarming rate and there are no signs yet of any real improvement in the UK labour market. So guys, this 3 keys it's was impact me, because Great Britain could entry in a gran reccesion that never we see it in the past years. So, has Sterling is crash, UK economy it's could to passing one of the biggest crisis in the UK history and the Sterling Pound could be affect about the empoymnet's inflation, consumer confidence rate and ohter factors could be affect as indicator for UK and their currency Sterling.
Short
by harisonhbn9718
Still Short on GBPUSD overall structure is still PRESENTShort Opportunity July 7th CONT. Here after review on the higher time frames I have found reason to anticipate a bearish day for the GBPUSD currency pair today July 8th, 2020. As stated on July 7th, I have found a supply/ resistance zone along with price action indicating a significant rally approaching from the 107.500 level. Continued throughout today price retested structure to the upside but failed to hold position, resuming in-line with the price analysis prediction as before. My target today is STILL 1.23600-1.23500
Short
by thecurrencymatrix