GBPUSD 3 Jun 2024
Updated
Analysis Week - 3 June 2024
Daily - Range
Cloud (D) - Above Cloud
Weekly - Range
Cloud (W) - Above Cloud
Mid Term - Range
20 x 50 D SMA - Above
50 x 200 D SMA - Above
2024 Target
20 Apr 2024 <6M> - 1.27-1.28
External Forecast
GS
8 May 24 <3M> - 1.24
8 May 24 <6M> - 1.24
8 May 24 <12M> - 1.28
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Risk Disclaimer
All information provided is based on my personal experience and it does not ensure future profits. This is NOT a trade recommendation for you to copy. If you decide to act upon the posted information, the trade decision is taken at your own risks. Any advice given is deemed to be GENERAL advice.
This information or advice given does not take into account your full objectives, current financial situation or needs. Therefore, you should consider the appropriateness of the advice before you act further.
The trading of stocks, futures, options, spread betting, spread trading and CFD trading and any other leveraged trading activity involves risk. You should not trade with money you can’t afford to lose. Be honest with yourself.
Thank You for browsing here. I wish you the best of luck and hope you make a fortune. Just make sure you do it over time and don’t try to make your millions in a week or day.
Daily - Range
Cloud (D) - Above Cloud
Weekly - Range
Cloud (W) - Above Cloud
Mid Term - Range
20 x 50 D SMA - Above
50 x 200 D SMA - Above
2024 Target
20 Apr 2024 <6M> - 1.27-1.28
External Forecast
GS
8 May 24 <3M> - 1.24
8 May 24 <6M> - 1.24
8 May 24 <12M> - 1.28
________________________________________________________________________________
Risk Disclaimer
All information provided is based on my personal experience and it does not ensure future profits. This is NOT a trade recommendation for you to copy. If you decide to act upon the posted information, the trade decision is taken at your own risks. Any advice given is deemed to be GENERAL advice.
This information or advice given does not take into account your full objectives, current financial situation or needs. Therefore, you should consider the appropriateness of the advice before you act further.
The trading of stocks, futures, options, spread betting, spread trading and CFD trading and any other leveraged trading activity involves risk. You should not trade with money you can’t afford to lose. Be honest with yourself.
Thank You for browsing here. I wish you the best of luck and hope you make a fortune. Just make sure you do it over time and don’t try to make your millions in a week or day.
Note
Analysis Week - 10 June 2024Daily - Bearish / Range
Cloud (D) - Above Cloud
Weekly - Range
Cloud (W) - Above Cloud
Mid Term - Range
20 x 50 D SMA - Above
50 x 200 D SMA - Above
Order cancelled
Recent price action indicates more consolidation / range trading conditions - potentially building into an expanding flat
Disclaimer
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