EURGBPEURGBP currently retracement on the daily trendline which is also a very important supply-demand shifter channel zone.
But the current reaction is not strong enough as you can see, we will observe on 4h time frame movement in the wedge.
We expect to see stop hunting and third upside moment then may give us some bearish signal.
After that, we can adjust our risk-reward ratio and pull the trigger.
Our targets would-be around 0,84820 and 0,83995
Good Luck!
If you have any other opinion about EURGBP, let me know in the comment section below.
If you enjoy this free analysis, hit the thumbs up button and don't forget to follow!
May we meet again.
-mecZpasha
Eurgbp!
ORBEX: Correction Nearly Done, Could See Another Leg DownEURGBP could complete its primary correction marginally below the 0.83 round support either in an (A) or (C) fashion.
The successful correction will determine the strength of the upside move, provided a slide is sustained above or near the 0.8130 area.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
MULTIPLE TIMEFRAME ANALYSIS - EUR/GBPHi guys,
EUR/GBP is approaching multiple year low support which brings us a good opportunity for either breakout or fakeout traders.
Please watch the video and give me your comment about this idea.
If you like it, please like and share and follow for further update.
ORBEX: Trump Triggers Recovery Trade while Pound Soars!In today’s market insights I talk about Trump’s latest comments surrounding the US-Sino rhetoric and why they have triggered a full or partial recovery in risk assets!
Watch me analyse risk vs safety using Elliott Waves, as well as the incredible surge in the British pound!
It seems that BoJo’s chances to win the elections are cracking fresh multi-month price levels! Will this continue being the case?
Timestamps
#EURGBP 1D 01:05
#AUDJPY 4H 04:40
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
ORBEX: EURGBP Ready To Reverse? AUDJPY Still Correcting!In today’s market insights video recording, I talk about EURGBP and AUDJPY FX Minors.
Euro is affected by a report that a phase-1 deal is highly unlikely by the end of this year as the Chinese want rollbacks pushed to May 2020 and the US Congress just passed a bill supporting Hong Kong protesters; going against China again!?
Safe-haven flows were also increasing of course, following the report, allowing yen to appreciate against risk assets with AUDJPY attracting our attention once again!
Pound, on the other hand, is somewhat muted as the first televised debate between Boris and Corbyn was seen as a draw. This means that the euro's somewhat better performance could allow EURGBP reverse and move higher!?
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
ORBEX: GBPJPY, EURGBP - BoJo Wants Election, Adios Draghi!In today's #marketinsights video recording I analyse #GBPJPY and #EURGBP #FXMinors!
GBPJPY Supported by:
- Increasing expectations EC will grant January extension
- BoJo win in case of early election
- Weak safe-haven flows
- Japan manufacturing to 3yr low
EURGBP Under Pressure as:
- Investors eye ECB and last Draghi meeting
- Disappointing Business Climate (French)
- Poor EA Consumer Confidence
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
ORBEX: USDTRY Makes A Difference! EURGBP How Much More Down?In today's #marketinsights video recording I analyse #EURGBP and #USDRY
#EURO and #POUND pressured from Stronger DOLLAR:
- Following Trump transcript release
- Partial deal with Japan
- Close US-Sino deal Trump comment
- ECB's Germans board member quitting
#EURO also pressured from:
- Spanish PPI
- US-EU tensions
- EU-UK tensions
#POUND also pressured from:
- BoJo's comment to leave whatever it takes
#TurksishLira supported by:
- Weaker oil
- Positive sentiment after IMF report
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
GBP Update - Temporary exhaustion? Quick update on GBP pairs.
It's rallied into some key resistance levels on my charts. This could potentially signify exhaustion and lead to speculative selling/profit-taking in the very short term.
Keep a watch on the formation of this daily candle, if it posts some kind of inverted hammer or outside day, then I may look to sell some GBP pairs next week in anticipation of a correction.
There are political risks to trading GBP as we edge closer to the Brexit deadline. The rhetoric seems to be improving, although there has been no breakthrough in discussions just yet.
Quick Update on Key List*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
VIDEO ANALYSIS: EURGBP TRADE UPDATEThe UK has a new prime minister in the form of Boris Johnson.
He is in favor of Brexit and will likely build a cabinet that will represent that bias.
The retail market is taking this a 'short' on the GBP and sentiment indexes suggest we could
now see a reversal of that bias. Boris Johnson was likely to become prime minister so will the market
have priced that in?
Daily Analysis (Tuesday) 23rd July.Having a quick look over the pairs I trade and follow up of the Weekly outlook and setups. A lot of potential setups pending, so monitoring closely.
Expecting a reversal on NZD/USD, AUD/USD and if we manage to reverse on those pairs, I think EUR/NZD would be a nice reversal trade as well. All of them covered in the video!
Let me know if you liked it and if I should make more of them!
I wish you a profitable week!
Iliya Sivkov
If you haven't watched the Weekly outlook and setups: www.youtube.com
Tuesday Market update -> USDCHF L + EURGBP S + GBPNZD LHi everyone!
It's Max here, as always going live Pre London with few charts and setups that I am currently monitoring and can be ready pretty soon.
If you like this kind of videos and took some value out of my content please don't hesitate to click like, follow and happy to answer your questions.
Please don't take this as financial or investment advice.
Feel free to reach out to me. I am more than happy to help with your journey!
Happy trading!
VIDEO ANALYSIS: TRADES OF THE WEEKIn this video update we take a look at the trades that were left open for the week
where they are positioned and how we can manage them.
CADJPY- Breakeven and likely to be stopped after poor retail sales.
NZDJPY- hit targets on 4hr trade, daily still open and in profit.
EURGBP- open and in profit.
USDSGD- open and offside slightly.
VIDEO ANALYSIS: WHY WE SHORTED EURGBPIn this video, we discuss the short trade posted on the telegram channel. We are
looking for this market to continue lower as the CoT reports highlighted the commercials
are actively buying the pound at the current level. This means we could see some GBP strength in the
coming days and weeks. EURGBP rejected the key weekly resistance and formed a bearish daily
candle suggesting we could see the reversal.