Euro against pound is ready for long Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:NZDCAD
We can see market is strugling near its previous resistance and currently standing near its a strong support in D1 Support level.
So we are expecting more rise near Trendline,Then we can expect a strong bull run after the formation of Head and shoulder.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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Eurgbpforecast
EURGBP - Trade Idea!Lot of other trades and chats I am part of are bullish EURGBP I been on side line eyeing this pair and I think we may have PB trade set up - keeping an eye on that perhaps could be false spike low
Above these resistance area 200 EMA would be your target if we fail bears get in control and I expect us to re-test various support areas as marked on the chart.
TJ
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is on the DOWN SIDE. The main reason for that is the NEGATIVE RISK SENTIMENT for EUR. The reason for NEGATIVE SENTIMENT in EUR is USD DEMAND. Due to MARKET RISK OFF, all MARKETS including STOCKS are DOWN. It affects the EUR in a big way.
- Definitely, EURGBP can fall to the SUPPORT LEVEL below. The reason for that is that there is a good UP SIDE BIAS in the MARKET for USD, so EUR has NEGATIVE SENTIMENT at the moment. Accordingly, EURGBP can go down to 0.8352 LEVEL. And after that EURGBP can be BUY to the 0.8711 LEVEL.
EURAUD,EURGBP & EURCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
So far my outlook for Eur/Gbp is still going down.I would shift the current position of the SL at the break-even point. So far my outlook for Eur/Gbp is still going down.
I'm just trying to reduce the potential loss if there is an extreme movement that can change the direction of the market. It is better to secure funds by moving at the break-even point.
Break out the trendline. Bearish in handif you look at the movement of EUR/Gbp on the H4 time frame. then the price has broken the trendline and there is a big possibility that the bearish trend will continue to support. We are looking for a retrace area that occurs in the red area to enlarge the profit ratio.
⁉️ EURGBP Market Analysis Hello traders!
⁉️This is my analysis on EURGBP.
Here the price was in a consolidation phase for the last 2 days and now we can see how the price manipulated buy side liquidity, so I expect also to see a manipulation of sell side liquidity and rejection from bullish orderblock.
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EURGBP - FUNDAMENTAL AND TECHNICAL VIEW- The EUR FEATURE currently stands at 1.0536 LEVEL. We will be able to see a slight UP TREND today compared to the previous days. The reason for this is that ECB has given a very HAWKISH CENTRAL BANK UPDATE. Stay tuned for more this week.
- Its price is slightly higher than EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2257 LEVEL. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS again.
- Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also EQUITIES is giving a slightly DOWN SIDE Tone. VIX INDEXES UP UP. But they can be UP. Also COMMODITIES now shows a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON because today is Monday.
- EURGBP PRICE can be DOWN to 0.8475 LEVEL before UP. Then you can UP to LEVEL 0.8663. Also, the MARKET SENTIMENT may change after today's NEWYORK SESSION. Be aware of how the ECONOMIC INDICATORS and MARKET SENTIMENT differ.
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW- EUR FEATURE currently stands at 1.0759 LEVEL. We can see a slight UP TREND today compared to the previous days. The reason for this is that ECB has given a very HAWKISH CENTRAL BANK UPDATE.
Its price is slightly higher than EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2578 LEVEL. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS again.
- Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also EQUITIES is giving a slightly MIXED RISK Tone. VIX INDEXES DOWN. But they can be UP. Also COMMODITIES now shows a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON today is Friday.
- EURGBP PRICE can be UP to 0.8663 LEVEL before DOWN. Then it can be DOWN to 0.8352 LEVEL. Also, the MARKET SENTIMENT may change after today's NEWYORK SESSION. Be aware of how the ECONOMIC INDICATORS and MARKET SENTIMENT differ.
DeGRAM | EURGBP sideways resistanceEURGBP is basically consolidating. There are no clear HHs or LLs.
It will be logical to take a short trade at the resistance zone of 0.85250 - 0.85300.
IF price shows signals like a false break or any weakness at that zone, THEN we can sell EURGBP.
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EURGBP - FUNDAMENTAL AND TECHNICAL VIEW- EUR FEATURE currently stands at 1.0692 LEVEL. We can see a slight UP TREND today compared to the previous days. The reason for this is that ECB has given a very HAWKISH CENTRAL BANK UPDATE.
Its price is slightly higher than EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2588 LEVEL. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS again.
- Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also EQUITIES is giving a slightly MIXED RISK Tone. VIX INDEXES DOWN. Also COMMODITIES are now showing a NEUTRAL BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So stay tuned and maybe RISK ON on the NEWYORK SESSION in the market.
- EURGBP PRICE can be UP to 0.8602 LEVEL before DOWN. Then it can be DOWN to 0.8352 LEVEL. Also, the MARKET SENTIMENT may change after today's NEWYORK SESSION. Be aware of how the ECONOMIC INDICATORS and MARKET SENTIMENT differ.