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Eur-gbp

EURGBP on an ascending triangle 🦐EURGBP after the òast impulse is consolidating below a strong resistance level. The market is moving between an ascending trendline and the stricture creating an ascending triangle pattern. According to Plancton's strategy if the price will break above we will set a nice long order. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
GBP: Current Sentiment DriversLatest Developments: April 14 – The UK’s coronavirus count increased to 4,378,304 cases (+2,490). March 31 – GDP for Q4 printed at 1.3% Q/Q and -7.3% Y/Y, revised from 1.0% and -7.8%, respectively. The report published by the ONS also noted that household savings for the quarter grew to their biggest ever level. This is supportive of recent comments from the BoE, who expect a significant increase in consumer activity once lockdowns are lifted. March 24 – CPI for February slowed to 0.4% Y/Y (prior 0.7%) and printed at 0.1% M/M (prior -0.2%). Core CPI slowed to 0.9% Y/Y (prior 1.4%) and printed at 0.0% M/M (prior -0.5%). March 18 – At their March meeting, the BoE kept its official Bank Rate unchanged at 0.10% and its QE programme at £895 billion. The BoE added that they do not intend to tighten policy until there is clear evidence that there is significant progress towards eliminating spare capacity and achieving its 2% inflation goal. February 23 – The Unemployment Rate for December increased to 5.1% from a prior of 5.0%. Employment Change printed at -114K while Average Earnings printed at 4.7% 3M Y/Y. For January, Claimant Count Change printed at -20.0K. Future Sentiment Shifts: There are several risks to GBP’s outlook, particularly with respect to the UK’s coronavirus/lockdown outlook and interest rate expectations. Of these two, expect the UK’s coronavirus outlook to play the more influential role in the short term as the UK’s coronavirus vaccine rollout continues to show signs of stabilizing its breakout, which in turn, should allow the UK to ease lockdown restrictions in the months ahead. However, in the medium term, as the market’s focus shifts, monetary policy should dominate. Regarding monetary policy, risks still remain; although, further easing appears unlikely at this point and markets looking for a hike in 2022. Primary Drivers: Bank of England – Monetary Policy in the UK remains highly influential to GBP’s fundamental outlook. Expectations for policy tightening should prove GBP positive, while expectations for policy easing should prove GBP negative. Brexit – The outlook for the UK’s exit from the EU in December remains a key influence for GBP as it poses significant risks to the UK’s economic outlook. With the UK set to leave at the end of the year and progress in negotiations between the UK and the EUR significantly hampered by the coronavirus outbreak, risks remain firmly tilted to the downside with a hard Brexit or even no deal Brexit remaining distinct possibilities.
by thunderpips
EURGBP bounce over a weekly support 🦐EURGBP on the weekly chart is moving in a huge range between 2 monthly structures. The price after a long descending trend reached the weekly support at the 0.85 area and bounce with a strong impulse. According to Plancton's strategy if the market will break above the resistance we will set a nice long order. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
7
💡Don't miss the great buy opportunity in EURGBPTrading suggestion: There is a possibility of temporary retracement to the suggested support line (0.8555). . If so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURGBP is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 59.94. Take Profits: TP1= @ 0.8670 TP2= @ 0.8785 TP3= @ 0.8860 TP4= @ 0.8940 TP5= @ 0.9000 TP6= @ 0.9070 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment. Let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
13
💡Don't miss the great buy opportunity in EURGBPTrading suggestion: There is a possibility of temporary retracement to the suggested support line (0.8555). . If so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURGBP is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 59.94. Take Profits: TP1= @ 0.8670 TP2= @ 0.8785 TP3= @ 0.8860 TP4= @ 0.8940 TP5= @ 0.9000 TP6= @ 0.9070 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment. Let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
EURGBP Shorts Short EURO / Long GBP as team GB starts to benefit from a positive post Brexit narrative. Eur sentiment soured with mishandling of Northern Ireland border and proposed vaccine restrictions. A Sign of things to come? Meanwhile, relative to Europe and America, GB leads the way in vaccination programs and efficacy is starting to show in the data. Trans Pacific Trade group application and the prospect of 100's or 1000's wealthy Hong Kong citizens is well received. From a TA perspective we look set to test to test the lower end of the post referendum range @ 0.83.
Short
by JAM_ON_MARKETS
Week Ahead: COT Currency ReportOverall: With the CFTC data updated until 30 March the EUR showed the biggest decrease of (-19.5K) and the AUD showing the biggest increase of (+6K). AUD, NZD & CAD: Positioning still favours further upside for the three high beta FX majors. The strong push higher in global equities last week is another positive catalyst to keep in mind in the week ahead. Even though we maintain an upside bias for the AUD, NZD and CAD, but given the BOC's recent action to discontinue some of their market functioning programs and the complete reversal of NZ10Y after it's recent push lower we would prefer the NZD and CAD above the AUD as we also have the RBA this week which could influence the AUD. The med-term bias for all three remains titled higher. JPY & CHF & USD: The big deviation in positioning we mentioned in last week's report saw some mean reversion in the JPY albeit it only minor moves. With risk appetite taking a more positive turn at the latter part of last week, and with the solid economic data points from the US, the risk on added additional pressure on the JPY, but positioning still has some possible room left to unwind which is a risk to our medterm downside bias. The Dollar's price action at the latter part of last week was very important. Despite the best ISM Mfg PMI since 1984 and despite a solid NFP print which came in much higher than expectations, the Dollar failed to sustain any meaningful upside, and instead continued it's overdue mean reversion to the downside. This might be the first signal that the positioning-related squeeze might be fizzling out and could potentially be the market turning it's attention back to the reflation narrative as we head into the highly anticipated Q2 of 2021. GBP: The bias for Sterling remains firmly titled to the upside, we maintain an upside bias in GBPUSD, especially with the Dollar's soft price action following last week's solid data points. The calendar will be very light for Sterling, so the overall focus will arguably fall predominantly on price action in the EUR and the USD. EUR: The reasons to expect downside for the EUR has been on the rise recently. Whether we consider the vaccine roll out, or recent virus numbers, or lockdown restrictions, or relative growth dynamics, or policy normalization expectations, all the above point to further downside for the EUR versus the USD and GBP, as well as the high betas. Despite shedding a lot of net long positioning in the past two months, the EUR remains the largest net long position among the majors, which means there is quite a bit of room to run to the downside if the above concerns continue to pressure the single currency. However, the one caveat to the EUR is it's sensitivity to the Dollar. With the Dollar pushing lower we've seen the EUR breathe a sigh of relief, and as long as the Dollar remains pressured we could see the EUR gaining some upside momentum. This report reflects the COT data updated until 30 Mar 2021.
by thunderpips
5
UPDATE! EURGBP looking for new lows 🦐After our previous analysis EURGBP broke below the support area, retest the structure and move to new lows as expected. The market could now provide us another entry opportunity on a new retest of the structure. According to Plancton's strategy if the price will satisfy the conditions we will set a nice short order. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
EURGBP looking for new lows 🦐EURGBP on the 4h chart is moving over a weekly support. The market is now testing the structure around the 0.85200 zone and according to Plancton's strategy if the price will break below we will set a nice short order. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
EUR/GBP Breaking the Daily ConsolidationGood day traders! Today we want to show you our daily chart analysis of the EUR/GBP pair, since it is behaving in an interesting way and we consider it important to take it into account. 🔸As we can see, for more than a year the price has been in a clear downtrend. 🔸All support zones along the way have been penetrated. 🔸About a month ago, the 0.8700 zone was broken, and then the price for almost 30 days was in a consolidation period. 🔸At this moment, it is generating a break in the bearish direction, which, if confirmed, could start the next impulse. 🔸The target of the movement is in the next support zone, at 0.83000. There is about 200 pips of travel towards that level.
Short
by ThinkingAntsOk