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GBP (British Pound)

GBPCHF Buy Trade IdeaHello Traders In This Chart GBPCHF HOURLY Forex Forecast By FOREX PLANET today GBPCHF analysis 👆 🟢This Chart includes_ (GBPCHF market update) 🟢What is The Next Opportunity on GBPCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
GBP/CAD Breaks Uptrend Line: Is a Downward Movement Imminent?The GBP/CAD pair has exhibited considerable strength since April 2024, climbing steadily until it reached key resistance at approximately 1.8070. This resistance area is close to the highest level seen since 2018, when GBP/CAD traded around 1.8400. Following its engagement with resistance on the daily chart, the price began to show signs of exhaustion. On 12 November, the pair broke below its established uptrend line, indicating a potential reversal or, at the very least, a deeper corrective pullback in the short term. Support and Resistance Context Historically, once a support level is breached, it often transforms into resistance. Thus, the area where GBP/CAD broke the uptrend line may now act as a barrier preventing further price increases. Resistance and Fibonacci Confluence The breakout point of the ascending trendline now corresponds to the zone between the 38.2% and 50% Fibonacci retracement levels of the recent downward movement. This area, which previously provided support to the price, is positioned to play a vital role as resistance during any corrective phase. Potential Selling Opportunity The break below the trendline indicates a potential weakening in bullish momentum. A retracement to the 38.2% to 50% Fibonacci region would constitute a healthy correction, allowing sellers to position themselves at a key technical confluence. This retracement area aligns with the prior breakout point of the trendline and coincides with a newly established resistance level, significantly increasing the likelihood of price rejection. Sell Entry : A viable selling opportunity may arise if the price retraces to the 1.7870 to 1.7930 zone and displays signs of rejection, such as the formation of a Pin Bar or Engulfing candlestick pattern on the daily chart. Target Projections : The initial target could be set at the recent low of 1.7700, with a further extension down to 1.7300, where the price may find new support. Notably, the 1.7300 level represents a crucial historical resistance that could now serve as significant support. Stop Loss : A protective stop loss should be positioned above the 1.8070 level, the historical resistance, to shield against a potential reversal in the upward trend. An alternative scenario While the resistance observed on the daily chart is significant, traders should remain vigilant for a potential breakout above this level, as it could propel the GBP/CAD towards the next resistance target of around 1.8400. Additionally, the upcoming release of the Consumer Price Index (CPI) for the British Pound on Wednesday is a crucial factor to consider, as it may set the tone for future monetary policies in the UK. If inflation comes in higher than anticipated, it could lead to a more restrictive monetary policy in the medium term. Should this occur, GBP/CAD might break through the resistance level and continue its upward trajectory on the daily chart. In this scenario, a buying opportunity could materialise if the CPI data exceeds expectations and the price successfully breaks above the resistance level. An initial target for this trade would be the 1.8400 region, where the price may encounter additional resistance. In Summary GBP/CAD is at an important level in the daily chart, with both Buying and Selling possibilities depending on what comes next. From a technical point of view, a Sell opportunity can appear if the price respects the 1.7870 ~ 1,7930 region. A buying opportunity could appear depending on Consumer Price Index data to be released on Wednesday and the breakout of a resistance level at 1.8200. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
by Marketscom
Falling towards 78.6% Fibonacci support?The Cable (GBP/USD) is falling towards the pivot which has been identified as an overlap support that lines up with the 78.6% and could bounce to the pullback resistance. Pivot: 1.2549 1st Support: 1.2376 1st Resistance: 1.2686 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Falling towards overlap support?GBP/USD is falling towards the support level which is an overlap support that aligns with the 78.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2528 Why we like it: There is an overlap support level that is an overlap support which aligns with the 78.6% Fibonacci retracement. Stop loss: 1.2335 Why we like it: There is an overlap support level. Take profit: 1.2676 Why we like it: There is a pullback resistance. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
GBPCHF On The Rise! BUY! My dear subscribers, This is my opinion on the GBPCHF next move: The instrument tests an important psychological level 1.1191 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.1260 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
GBPNZD: Turning bearish if the 1D MA50 breaks.GBPNZD is neutral on its 1D technical outlook (RSI = 48.440, MACD = 0.004, ADX = 26.806), trading right over its 1D MA50. If broken, it will be the validation of the new bearish wave of the 1 year Channel Down. The 1D RSI is forming the very same Arc pattern as the May bearish wave. Upon validation, we will get short and aim for the 1D MA200, over the 0.786 Fibonacci level (TP = 2.12500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EURGBP to find sellers at market price?EURGBP - Intraday The primary trend remains bearish. Our short term bias remains negative. Preferred trade is to sell into rallies. 20 1day EMA is at 0.8338. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We look to Sell at 0.8338 (stop at 0.8362) Our profit targets will be 0.8278 and 0.8268 Resistance: 0.8320 / 0.8345 / 0.8370 Support: 0.8307 / 0.8290 / 0.8260 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
GBPUSD Start thinking of buying. Will find support soon.The GBPUSD pair couldn't have given us a better sell signal last time we looked into it (October 09, see chart below) as it broke first below the 1D MA50 (blue trend-line) then the Bullish Megaphone and is very close to our 1.2550 Target: We are approaching the stage where selling becomes far riskier than buying as the pair is approaching the 0.786 Fibonacci retracement level, which on the September - October 2023 fractal (that has been the basis of our previous sell strategy), formed the bottom and initiated a Channel Up to the (orange) 0.618 Fib. Even the 1D MACD indicates that we are probably a few days before this bottom is formed and will be confirmed with a Bullish Cross. As a result, we are prepared to take this long and target 1.3100 (the 0.618 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPJPY - Will the pound continue to weaken?The GBPJPY currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. If the correction continues to the support range, we can buy with a suitable risk reward. Breaking the resistance range will pave the way for this currency pair to continue its rise. Pension Reforms in the UK • Consolidation of Local Government Pension Schemes: Rachel Reeves, the UK Treasury Secretary, aims to merge local government pension schemes into larger funds (megafunds). This initiative involves pooling the assets of 86 local government pension schemes into a large fund managed by professional investment managers. • Objective: To increase investment in long-term, high-risk assets, reduce management costs, and strengthen investment in infrastructure and local areas. • Further Reforms: In addition, Reeves plans to make changes to financial arbitration services and the combined stock market, marking “the most significant pension reforms in decades.” Inflation Outlook and Interest Rates in the UK • Comments from Bank of England Member, Mann: Bank of England member, Mann, warned that substantial volatility in macroeconomic indicators will be seen in the coming years. He suggests that inflation may remain high for an extended period, necessitating a higher neutral rate. Additionally, he noted that lower interest rates compared to high inflation would put more pressure on investments. Japan’s Support Package and Economic Stimulus • Budget and Household Support: The Japanese government has planned a supplementary budget of 13.5 trillion yen (87 billion USD) to fund an economic stimulus package. This budget includes a payment of 30,000 yen to low-income households and 20,000 yen per child in households with children. • Energy Subsidies: The government will also reintroduce electricity and gas subsidies from January for three months to help households cope with rising fuel and service costs. Financial Risks and Supervision by the Bank of Japan • Concerns About Non-Bank Financial Institutions: The Bank of Japan’s Deputy Governor, Uchida, warned that increased connections between non-bank financial institutions and banks could pose risks to the entire financial system. He emphasized that non-bank institutions handle almost half of global financial intermediation, which requires close attention. Actions for Stability in Japan’s Currency Market • Currency Market Intervention: Japan’s Finance Minister, Katsunobu Kato, stated that appropriate measures will be taken to control severe and one-sided fluctuations in the currency market if necessary. He stressed the importance of sustainable exchange rate movements in line with fundamental principles.
Long
by Ali_PSND
GBPCHF Under Pressure! SELL! My dear friends, Please, find my technical outlook for GBPCHF below: The price is coiling around a solid key level - 1.1296 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.1245 Safe Stop Loss - 1.1328 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURGBP Channel Down but short-term rebound expected.The EURGBP pair is trading within a 1-year Channel Down pattern since the November 16 2023 High. Three days ago the price made a Lower Low at the bottom of the pattern and rebounded. This was also on the 1.618 Fibonacci extension level, which based on the previous Bearish Leg, has high probabilities of sustaining a Bullish Leg. Assuming the symmetry with January - April 2024 holds, we turn bullish now on this pair, targeting the 1D MA200 (orange trend-line) at 0.84375. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
7
GBPUSD - Is inflation under control in America?!The GBPUSD currency pair is located between EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. If the downward trend continues due to the release of today's economic data, we can see the demand zones and buy within those zones with the appropriate risk reward. In case of an upward correction, this currency pair can be sold within the specified supply zones. The Governor of the Bank of England noted that the UK’s Consumer Price Index (CPI) does not accurately indicate whether underlying inflation dynamics have been suppressed. There remains a risk of rising energy prices, and inflation within the services sector is notably resilient and persistent. He anticipates greater volatility ahead, with some inflationary drivers potentially shifting upwards. Additionally, according to new data from the Cleveland Federal Reserve, the inflation trend in the U.S. continues to remain above 2 percent. The Median CPI for the previous month was reported at 4.09 percent, a slight increase from 4.08 percent in the prior month. Since June, this measure has only seen a minor decline, from 4.15 percent to the current level. Median CPI is a monthly inflation indicator that measures price changes at the midpoint of a basket of goods. Although this method may differ from the standard CPI, it focuses on items that fall within the midpoint of the distribution. Charts within this report show that other inflation indicators are relatively stabilized, while the decline in the headline CPI is primarily due to a drop in energy prices, which is considered a temporary factor. According to the Federal Reserve Bank of New York, despite ongoing challenges, debt levels remain manageable. Although delinquency rates have risen, income growth continues to outpace household debt growth. In the third quarter, delinquency transition rates varied, with credit card delinquencies improving, while delinquency rates for auto loans and mortgages saw a decline. At the end of Q3, 3.5 percent of debt was in some stage of delinquency, up from 3.2 percent in Q2. Overall delinquency rates also increased during this period. According to the data, credit card balances in Q3 rose 8.1 percent compared to the same period last year, reaching $1.17 trillion, marking an increase of around $24 billion from Q2. Additionally, mortgage balances increased by $75 billion in this period, reaching $12.59 trillion.
Long
by Ali_PSND
Potential bullish bounce?EUR/GBP is falling towards the pivot which acts as a pullback support that lines up with the 50% Fibonacci retracement and could bounce to the 1st resistance. Pivot: 0.8303 1st Support: 0.8268 1st Resistance: 0.8341 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bearish drop?GBP/AUD is reacting off the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support. Pivot: 1.9634 1st Support: 1.9498 1st Resistance: 1.9734 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bearish drop?GBP/JPY is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support. Pivot: 198.26 1st Support: 196.76 1st Resistance: 196.61 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Heading into overlap resistance level?GBP/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.7859 Why we like it: There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 1.7926 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. Take profit: 1.7740 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Potential bearish drop off pullback resistance?EUR/GBP has reacted off the resistance level which has been identified as a pullback resistance and could drop to the 1st support that acts as an overlap support. Pivot: 0.8336 1st Support: 0.8301 1st Resistance: 0.8354 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
2