Britishpound
💵British Pound/U.S.Dollar 💵Analyze (10/03/2022)!!!The British Pound was able to complete wave 4 and is on its way to completing wave 5 in the resistance zone.
I expect the pound to temporarily break the resistance line, push itself to the resistance zone, and start going down from there.
🔅British Pound/U.S.Dollar (GBPUSD) Timeframe 1H⏰.
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💵Euro/British Pound 💵Analyze (10/03/2022)!!!Euro/British Pound was able to make an Ascending Broadening Wedge Pattern.
I expect Euro/British Pound will go down at least to the lower line of Ascending Broadening Wedge Pattern.
We will have two scenarios when Euro/British Pound touches the lower line(everything is transparent in my chart).
🔅Euro/British Pound Analyze (EURGBP) Daily Timeframe ⏰.
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GBPCAD The RSI hasn't been this oversold since 1985!-------------------------------------------------------------------------------
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The GBPCAD pair has been on a strong yearly decline, especially as of late. The 1M (monthly) RSI is currently at 20.87, the lowest it has been since January 1985. That is a good enough reason of its own to buy the pair. There are striking resemblances with the early 2000s fractal. A rebound on the Channel Down pattern's bottom can push the price all the way to its top and the 1M MA50 (blue trend-line). Be ready to offset some risk though to complete a -24.85% decline, if the Channel's bottom breaks.
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GBPNZD Confirmed long-term buy-------------------------------------------------------------------------------
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The GBPNZD pair has been following exactly our trading plan since our last update a month ago, getting rejected on the 1D MA200 (orange trend-line) and hitting the Higher Lows zone of the long-term Triangle pattern that it has been trading in since the April 02 2020 High:
Following the initial rebound after the August 12 Low, the price broke above the 1D MA50 (blue trend-line) confirming the bullish break-out sentiment. This may be the perfect opportunity for those who missed it earlier. Our long-term target for the end of the year is just below the 0.786 Fibonacci retracement level at 2.010. Those who seek more risk, there is also the Symmetrical Resistance if the Triangle breaks to the upside.
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GBPCHF Best long-term buy signal since COVID-------------------------------------------------------------------------------
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The GBPCHF pair almost hit early this week the Lower Lows trend-line of the multi-year Bearish Megaphone pattern that it has been trading in since June 05 2017. At the same time, the RSI on the 1M time-frame printed its lowest value since the October 31 2016 candle. This combination is a strong buy signal on the long-term and confirmation comes when the 1D MA50 (red trend-line) breaks.
As you see, every time the price broke above the 1D MA50 following a Megaphone bottom, the pair targeted both the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line).
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GBPUSD British Pound to reach parity with the U.S. DollarAfter beating the Euro:
British pound could weaken further and potentially reach parity with the U.S. dollar for the first time in history!
Bank of England is preparing an emergency intervention, probably an unscheduled increase in interest rates, which were raised to 2.25pc last week.
U.S. dollar strength continues, while British authorities introduced a new stimulus package consisting of fresh spending and tax cuts.
The falling pound will increase the price of imported goods, energy, food and clothing and overall increase inflation .
I expect a bounce to 1.141 level, before reaching parity with the U.S. dollar.
Looking forward to read your opinion about it.
💵British Pound/Australian Dollar💵@Regular Contracting TriangleBritish Pound made Regular Contracting Triangle , and it was able to break the lower line of this triangle, and now it is completing the Pullback . I expect that the Pound will go DOWN at least to 1.58 AUD .
🔅 British Pound/Australian Dollar Analyze ( GBPAUD ) Timeframe 2Weeks ⏰
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
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💵British Pound/Japanese Yen💵Analyze (9/23/2022)!!!
British Pound/Japanese Yen was able to break the support lines and the support zone and is currently completing its pullback.
I expect the British Pound/Japanese Yen to go down to the trend line, at least.
🔅British Pound/Japanese Yen Analyze (GBPJPY) Timeframe 8H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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GBPAUD Buy opportunity and reversal levelsThe GBPAUD pair has been trading within a Channel Down pattern since March 15. At the moment the price is on the bottom (Lower Lows trend-line) of the pattern, below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) with the 1D RSI on the 30.000 oversold level.
That should be considered a short-term opportunity by itself towards the top of the Channel. But even from a longer-term perspective, the last time we had those exact same set of parameters take place was during the Channel Down that started on June 2020. As you see that pattern also made a -6% Lower Low from its last High and once the 1D RSI hit the 30.000 oversold level, the price rebounded, gradually above the 1D MA50 and then the 1D MA200 to break above the Channel and eventually make a top on the 1.5 Fibonacci extension.
As a result, as long as the current Channel Down is intact, we expect a new multi-month rally towards the 1.5 Fib which is at 1.85500. Since the bearish trend is that strong, especially today, it would be best to take that trade upon confirmation, after the price closes above the 1D MA50.
Confirmation is needed because in the event of a break below the Channel's bottom (Lower Lows trend-line), we can see the price target the -0.382 Fibonacci extension at 1.613520.
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💵British Pound/Swiss Franc💵Analyze (9/22/2022)!!!The British Pound/Swiss Franc was able to make a beautiful Bullish Engulfing Pattern. And British Pound/Swiss Franc managed to reach trend line 1 and, as a result, managed to break it.
We are currently seeing a pullback to trendline 1.
I expect the British Pound/Swiss Franc to go up to at least trend line 2 & resistance zone.
🔅British Pound/Swiss Franc Analyze (GBPCHF) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵British Pound/U.S.Dollar💵Analyze !!!British Pound is moving in an Ending Diagonal Pattern , and it was able to end its main wave 4 at 1.4251$ . So now Pound is running in main wave 5 . And I tried to show you the end of the main wave 5 in my chart:
Where is the end of main wave 5 ❗️❓
🎯 Target 1 🎯: 1.1383$ until 1.1324$ ( Cluster of Fib ) at my TRZ (Time Reversal Zone).
🎯 Target 2 🎯: 1.0790$ until 1.052$ ( Cluster of Fib ) at my TRZ (Time Reversal Zone).
🔅 British Pound/U.S.Dollar Analyze ( GBPUSD ) Timeframe Monthly ⏰
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GBPJPY bounce? Fibonacci agrees, Japanese news to comeGBPJPY made a higher high on H4. It might end the corrective wave on 61.8% Fibonacci retracement. It can also retrace until 80% zone before bouncing again.
RSI is showing a bullish divergence signal.
I am waiting for inflation rate YoY, BoJ interest rate decision and a bullish candlestick pattern on one of the important Fib levels to confirm my entry.
Goodluck,
Joe.
EURGBP Double Resistance rejection. 1D MA50 pull-back in focus.The EURGBP pair has been trading within a Channel Up pattern on the 1D time-frame since the March 07 market low, which only broke for one day. That came on June 14 when the price was forcefully rejected on both the 1W MA200 (red trend-line) and the 0.87200 Resistance that has been holding since February 26, 2021.
This is where the pair is currently at, touching both the 1W MA200 and the Resistance Zone two days ago, with the price rejected sideways. The current consolidation on such high levels seems to be the sell accumulation phase before a leg downwards. With are selling this set-up, targeting the 1D MA50 (blue trend-line). We will turn bullish either on the 1D MA50 or at the bottom of the Channel (Higher Lows trend-line). In both cases the target will be 0.8700. In order to extend buying towards the top of the Channel, we would like to see a candle close above the Resistance Zone.
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GBP/USD weekly chart: falling wedge headed to 37-year support?The British pound ( GBP/USD ) hit an intraday low of 1.1406, temporarily breaking below Covid-20 lows and hitting the lowest level in 37 years, before recovering to 1.147 as of this writing.
The GBPUSD weekly chart reveals intriguing long-term patterns:
The major long-term trend is represented by a falling wedge, with the lower support line set by January 2009's and October 2016's lows and upper resistance line by November 2007's and May 2021's highs.
The ultra-ten-year falling wedge contains two lateral ranges (May 2009-June 2016 and July 2016-September 2022), both characterised by a similar 20% width.
The long-run falling wedge's direction collides with the all-time low and support level of 1.051 hit in February 1985.
If 1.14 defines a new multi-year resistance level and a new 20% side range is established, the next long-term support could be as lows as 0.95.
Idea written by Piero Cingari, forex and commodity analyst at Capital.com
💵British Pound/Canadian Dollar 💵 Analyze!!!British Pound/Canadian Dollar is running in the Heavy Support zone and near the lower line of descending channel.
I expect the British Pound/Canadian Dollar to go up to the middle line of the descending channel.
It should be noted that this growth will be temporary.
🔅British Pound/Canadian Dollar (GBPCAD) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵British Pound/Australian Dollar💵 Analyze(Short term)!!!British Pound/Australian Dollar was able to make a Falling wedge & Inverse Head and Shoulder near the Heavy Support zone!!!
British Pound/Australian Dollar can touch at least the upper line of the falling wedge in the next few days.
Also, we can see the Regular Divergence (RD+) between Price and MACD Indicator.
🔅British Pound/Australian Dollar Analyze (GBPAUD) Timeframe 4H⏰
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.