Get started

Eurgbpsell

Forex Profit Set-Up #2; Sell EURGBP - W1 Time-FrameFollowing a price spike into its horizontal resistance area, the EURGBP quickly reversed direction and the past five trading sessions saw a surge in bearish momentum. This was accelerated after the latest UK economic data smoothed fears for a UK recession. This currency pair is now expected to complete a breakdown below its horizontal support level and extend its sell-off until it will reach the upper band of its next horizontal support area which is being approached by its primary ascending support level. Forex traders are advised to sell any rallies in the EURGBP from current levels. The CCI completed a breakdown from extreme overbought territory, which was preceded by a negative divergence. Momentum sufficed for a drop below 0 for a bearish momentum change and more downside in anticipated. Subscribe to the PaxForex Daily Fundamental Analysis and allow our expert analysts to guide to over 5,000 pips in monthly profits!
by PaxForex
EURGBP Fundamental Analysis – August 28th 2019Here are the key factors to keep in mind today for Euro trades: German Import Price Index: The German Import Price Index for July is predicted to decrease by 0.1% monthly and by 2.0% annualized. Forex traders can compare this to the German Import Price Index for June which decreased by 1.4% monthly and by 2.0% annualized. German GfK Consumer Confidence Survey: The German GfK Consumer Confidence Survey for September is predicted at 9.6. Forex traders can compare this to the German GfK Consumer Confidence Survey for August which was reported at 9.7. Italian Confidence Data: Italian Business Confidence for August is predicted at 99.8 and Italian Consumer Confidence is predicted at 109.6. Forex traders can compare this to Italian Business Confidence for July which was reported at 100.1 and to Italian Consumer Confidence which was reported at 113.4. Eurozone Money Supply M3 and Private Sector Loans: Eurozone Money Supply M3 for July is predicted to increase by 4.7% annualized and Private Sector Loans are predicted to increase by 3.5% annualized. Forex traders can compare this to Eurozone Money Supply M3 for June which increased by 4.5% annualized and to Private Sector Loans which increased by 3.3% annualized. Here are the key factors to keep in mind today for British Pound trades: UK BRC Shop Price Index: The UK BRC Shop Price Index for August decreased by 0.4% annualized. Forex traders can compare this to the UK BRC Shop Price Index for July which decreased by 0.1% annualized. UK Nationwide House Prices: UK Nationwide House Prices for August are predicted to increased by 0.1% monthly. Forex traders can compare this to UK Nationwide House Prices for July which increased by 0.3% monthly. Should price action for the EURGBP remain inside the or breakdown below the 0.8985 to 0.9085 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 0.9025 Take Profit Zone: 0.8615– 0.8720 Stop Loss Level: 0.9100 Should price action for the EURGBP breakout above 0.9085 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 0.9115 Take Profit Zone: 0.9230– 0.9285 Stop Loss Level: 0.9085 Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Online forex trading represents the biggest sector of the financial market and PaxForex is home to one of the fastest growing communities of profitable forex traders, sign-up today and find out why!
by PaxForex
EURGBP: Expecting A HUGE Price Swing! Whats up everyone? Lets start this new trading week with a new idea! We are looking at the EURGBP pair on the 4h timeframe and im expecting price to drop from now. When you guys look on the overall timeframes like the daily etc. you will see how bears take control. I really like to enter right now on the retrace, with really high reward to low risk - as always. Potential price tragets are where price did a little bit of a gap. But looking on the daily or weekly timeframes, we can also hold the trade for much lower targets! Will this trade be the 5/5 trade for us? Lets see! Wishing everyone success and a great week!
Short
by darian_fx
3