GBPUSD TRADE ANALYSIS (MONGOLIAN)
GBPUSD trade analysis (Mongolian)
follow up analysis of GBPUSD long trade and deciding what to do next
Trend Analysis
US Dollar UpdateAfter several weeks of rallying, the US Dollar Index is showing signs of potential profit-taking. 📉 Here's why:
• Reached the 200-day moving average 📊
• Hit the 61.8% retracement from the June-September drop 🔄
• Daily RSI is overbought at 83 📈
On the weekly chart, the market is also hitting key resistance levels:
• 55-week moving average 📅
• Peaks from 2017 and 2020 📊
Formidable resistance is in play, so we may see some profit-taking soon. If you're in, consider raising your stops! 🚀
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USDJPY and GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DXY Getting Rady to Roll Over-The Cartel Has its Hands FullAs the dollar will start to make its next move down expect a big rally from precious metals
Watch for detail
Short EUR/AUD setup looking for retest of 1.6000Thursday's bearish engulfing candle has seen the price move below 1.6188, a level that has acted as both support and resistance over recent weeks.
If the price can remain beneath this level into the European open, consider shorting below with a stop above for protection.
The initial target would be 1.6115. If that were to give way, a retest of 1.6000 could be on the cards.
Good luck!
DS
Gold Breakdown: Today’s Metrics and Analysis 18-OCT-2024Gold trading insights: Not signals, but informative zones to aid your decision-making. Please note: These zones are not trading advice. Use them as a starting point for your own analysis."
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18.10.24 Morning ForecastPairs on Watch -
FX:EURNZD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
TRADE UPDATE: US30, GBP/USD, WINS!!!Great results! We successfully executed trades on the US30 and GBP/USD, resulting in profitable outcomes. These wins are a testament to our strategy and risk management. Stay tuned for more updates as we continue to navigate the markets and strive for consistent performance.
BUY CHFJPY - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Sellers dominatedSellers dominated the price action on Thursday in the S&P 500. Was this selling profit-taking from buyers or have new sellers entered the market. A week close on Friday when indicate that sellers are continuing to enter the market.
Aussie H4 | Ongoing bearish momentumThe Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6727 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 0.6785 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 0.6647 which is a swing-low support.
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EU + UJ 18/10 analyse EU going down and UJ going up im thinking because we got in a zone of changing shifts
GU Closing out the week likely with a Rotational moveWe might get a little movement tonight for London session but I doubt it will be much. We had a big move yesterday and since its now friday I'm expecting price to move rotational in some form of consolidation.
