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Forex market

GBP/CHF Surges as Bank of England Hikes Rates, Eyes 1.14000 Targ Following the Bank of England's decision to raise the Official Bank Rate from 4.75% to 5.00%, GBP/CHF is expected to see bullish momentum. The rate hike reflects a more hawkish stance from the BoE, which could attract investors to the Pound, strengthening it against the Swiss Franc. With this upward pressure, GBP/CHF may continue its bullish trend, targeting the 1.14000 level as a potential resistance. Traders should monitor any follow-up commentary from the BoE for further confirmation of this upward movement.
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by ClearTradingMind
EURGBP Will Grow! Buy! Take a look at our analysis for EURGBP. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.833. The above observations make me that the market will inevitably achieve 0.838 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
AUDCAD LongThe Relative Strength Index (RSI) is showing bullish divergence, which indicates that while price has been making lower lows, the RSI is making higher lows. This signals a potential reversal to the upside as selling momentum weakens. AUDCAD has broken above a significant downward trendline, suggesting a shift in momentum from bearish to bullish. This is often a strong signal of a potential trend reversal. After breaking a trendline, price often retests the breakout level, giving traders an opportunity to enter the trade at a better price. Buying at this retest level allows for a more favorable entry with reduced risk
Long
by SohailChaudhary
Examining the GBP/USD chart on the 4-hour timeframeHere is a detailed analysis along with suggested entry, take profit (TP), and stop loss (SL) levels based on a 1:3 risk-to-reward ratio. Analysis: 1. Trend Observation: The pair recently had a strong downtrend from late September, indicating bearish momentum. While it attempted to rally afterward, GBP/USD continues to show lower highs and lower lows, suggesting a potential continuation of the downtrend. 2. Key Support and Resistance Levels: Resistance: Around 1.3080 and 1.3150, where previous rallies have been capped. Support: Around 1.2870 and 1.2750, where the price has shown buying interest. 3. Potential Scenarios and Setups: Bearish Scenario (Continuation of Downtrend): GBP/USD could move lower if it fails to break above 1.3080 resistance, which would confirm continued selling pressure. Signs of bearish continuation patterns around this level would support this setup. Bullish Scenario (If Price Finds Support): If GBP/USD holds above the 1.2870 support level, a short-term retracement could occur. Watch for bullish reversal signals around this area to confirm a possible pullback. Strategy Summary: 1. Risk-to-Reward Ratio: Both setups have approximately a 1:3 risk-to-reward ratio. 2. Market Confirmation: Wait for confirmation patterns, such as candlestick patterns, near the entry levels before entering. 3. Economic Event Monitoring: GBP/USD can be influenced by key UK and US economic data, as well as any developments on interest rates or economic outlook from the Bank of England and Federal Reserve.
Long
by ShariarsLife
Examining the GBP/USD chart on the 4-hour timeframeHere is a detailed analysis along with suggested entry, take profit (TP), and stop loss (SL) levels based on a 1:3 risk-to-reward ratio. Analysis: 1. Trend Observation: The pair recently had a strong downtrend from late September, indicating bearish momentum. While it attempted to rally afterward, GBP/USD continues to show lower highs and lower lows, suggesting a potential continuation of the downtrend. 2. Key Support and Resistance Levels: Resistance: Around 1.3080 and 1.3150, where previous rallies have been capped. Support: Around 1.2870 and 1.2750, where the price has shown buying interest. 3. Potential Scenarios and Setups: Bearish Scenario (Continuation of Downtrend): GBP/USD could move lower if it fails to break above 1.3080 resistance, which would confirm continued selling pressure. Signs of bearish continuation patterns around this level would support this setup. Bullish Scenario (If Price Finds Support): If GBP/USD holds above the 1.2870 support level, a short-term retracement could occur. Watch for bullish reversal signals around this area to confirm a possible pullback. Strategy Summary: 1. Risk-to-Reward Ratio: Both setups have approximately a 1:3 risk-to-reward ratio. 2. Market Confirmation: Wait for confirmation patterns, such as candlestick patterns, near the entry levels before entering. 3. Economic Event Monitoring: GBP/USD can be influenced by key UK and US economic data, as well as any developments on interest rates or economic outlook from the Bank of England and Federal Reserve.
Long
by ShariarsLife
BUY EURGBP for bearish trend reversal STOP LOSS : 0.8295BUY EURGBP for bearish trend reversal STOP LOSS : 0.8295 Regular Bullish Divergence In case of Regular Bullish Divergence: * The Indicator shows Higher Lows * Actual Market Price shows Lower Lows We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this strong level of Support so we are looking for the trend reversal and correction push from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Long
by BALE_FX
NZDCAD Buy opportunity at the bottom of the 1-year Channel Up.The NZDCAD pair hit our 0.85650 Target as discussed on our last idea (August 22, see chart below) and then got immediately rejected: The rejection initiated the Bearish Leg of the 1-year Channel Up and the price is approaching once more the bottom (Higher Lows trend-line) of the pattern. The previous 2 Higher Lows were priced on the 0.236 Fibonacci retracement level, which is slightly below, but the 1D MACD is forming a Bullish Cross today, which has been an absolute buy signal this past year. As a result, we turn bullish on this pair, targeting Resistance 1 at 0.86450. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot