⚡️Strifor || GBPUSD-30/01/2024Preferred direction: SELL
Comment: Our deal on the pound has been going on for a long time. However, this does not in any way affect the sales we expect. Most likely, this expected fall is being delayed due to insufficient accumulation of the buyer, which is the main resource for the fall. The main target of the fall is located at the level of 1.25000 . But we are also considering an intermediate target at 1.26000.
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Eurgbp!
⚡️Strifor || EURUSD-30/01/2024Preferred direction: SELL
Comment: The currency pair continues to be under selling pressure. A number of important publications and reports are expected this week, and most likely the euro will fall to around 1.07500 by mid-week. Therefore, the previous plan is in force and we expect its further development. Already in the area of the indicated target, one may consider medium-term long, but it is another story.
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EUR-GBP Will Go Down! Sell!
Hello,Traders!
EUR-GBP is trading in
A downtrend and the
Pair broke the key
Horizontal level of 0.8556
And the pair retested
The broken level and
Is going down again now
So I think it will keep falling down
Sell!
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Check out other forecasts below too!
EURGBP - Price can bounce from support area and continue fallHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊
Some days ago price entered to flat, where in a short time it fell to support level, which coincided with support area.
After this, GBP made strong upward impulse to resistance area, thereby exiting from flat and later it turned around.
Price started to decline in falling channel, where it first broke $0.8700 level and fell to support line of channel.
Then price bounce continued to decline and soon reached $0.8555 support level, which recently it broke.
Next, GBP fell lower but soon backed up, and at the moment British Pound trades in support area.
Possibly, price can bounce from this area and continue to decline to $0.8450 support line of channel.
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EURGBP Will Grow! Buy!
Take a look at our analysis for EURGBP.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.853.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.857 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURGBP Potential continuation to downsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85550 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.85550 support and resistance area.
Trade safe, Joe.
EURGBP: Long Signal with Entry/SL/TP
EURGBP
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long EURGBP
Entry Point - 0.8531
Stop Loss - 0.8500
Take Profit - 0.8575
Our Risk - 1%
Start protection of your profits from lower levels
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⚡️Strifor || GOLD-25/01/2024Preferred direction: SELL
Comment: Gold behaves quite surprisingly. After rather optimistic statistics from the US this week, the metal sank under pressure from the US dollar, while other instruments reacted much more modestly. Our first goal is almost achieved. However, a fall below 1980 is being considered, namely to 1960 . The growth potential of the US dollar has not even begun to exhaust itself, so we can expect a considerable fall in gold.
Today is one of our busiest days, with many important statistics expected, especially from the USA . Therefore, increased volatility today is completely normal.
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⚡️Strifor || GBPUSD-25/01/2024Preferred direction: SELL
Comment: The British currency completely duplicates the situation with the EURUSD currency pair. Here, we also continue to stick to sales. The main target according to our previous trading ideas is the level of 1.25000 . Technically, and according to volume analysis, we have both an entry point and a resource in the form of bid-accumulations, due to which we assume a downward impulse will be generated.
On Thursday, that is, today a large number of economic events from the EU and the USA are expected. . Therefore, most likely today will be decisive and the instrument will finally shoot down, as we expect.
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EURGBP Day | Falling to support levelEURGBP is falling towards a pullback support and might continue to fall further to the take profit level.
Sell entry is at 0.85093 which is a pullback support.
Stop loss is at 0.86235 which is a level that sits under an overlap resistance.
Take profit is at 0.83448 which is a swing-low support.
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EURGBP Will Grow! Buy!
Take a look at our analysis for EURGBP.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.855.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.858 level soon.
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.
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EURGBP: Bullish Forecast & Outlook
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the upward direction.
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EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85600 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.85600 support and resistance area.
Trade safe, Joe.
EURGBP Trading Opportunity! BUY!
My dear friends,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8553 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8590
Recommended Stop Loss - 0.8536
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
🇪🇺 EURGBP 🇬🇧 - Trend continuation after breaking 0.855EURGBP may continue its fall as the market breaks support after a retest. A weak market on the euro side could give way further. For now, it is worth waiting for consolidation below 0.855 to continue the fall. Overall, the global trend is changing and this opens bearish perspectives.
Reasons for further declines:
1) The Euro is weakening to the point where it is weaker than the Pound Sterling on fundamental policy grounds
2) Support retest
3) False break of support fails. A retest of 0.855 is formed again.
4) Consolidation forms below 0.855 after the breakout - a good signal
⚡️Strifor || GOLD-22/01/2024Preferred direction: SELL
Comment: Metals , as well as major currency pairs, are prone to fall against the US dollar. Silver has already blocked the nearest targets for the fall, and most likely you can count on a small downward impulse. The situation with gold is more complicated. Here, for now, the instrument is not in a hurry to fall so much after our short entry point from the level of 2060 . More precisely, the main target at the level of 2000 has been hit, but a further fall is expected towards 1980 .
However, we patiently continue to wait for the breakdown of support at the 2000 level, and then a descent to 1980 .
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⚡️Strifor || GBPUSD-22/01/2024Preferred direction: SELL
Comment: The British pound starts the week also unchanged, here we still expect a fall towards the levels of 1.26000 and 1.25000 . The pound stood out for its larger upward correction against the dollar, but this currency pair has been looking more for a sell-trade.
Particular attention is paid to intraday time periods, where divergence is forming at the time of writing this trading idea. Such an entry point can be very profitable, since with a smaller stop loss (for short-term intraday trading) give us a larger take profit (for medium-term trading). The targets are the same, as written above.
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