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GBP

EURGBP Channel Down sell signalThe EURGBP pair has been trading within a Channel Down pattern since the November 16 2023 High. The recent Lower High rejection just above the 1D MA200 (orange trend-line) resembles both in terms of 1D RSI and price action the August 08 2024 Lower High. Since that posted an initial correction of -3.62%, we expect an equivalent Bearish Leg to target 0.81750. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
"Gold (XAU/USD) Breaks Key Support – short term targetsThe 1-hour chart for XAU/USD shows a potential bearish setup with a recent breakout below a key support level. The price is currently hovering around 2,857, with a strong downward move anticipated if the breakdown sustains. The marked "Breakout Below" indicates a possible continuation toward the first target around 2,850, and if further selling pressure persists, the second target near 2,835 may be reached. The previous bullish structure saw multiple breakouts and changes in character (ChoCh), but the current price action suggests a shift in momentum. If price fails to reclaim previous levels, a deeper correction could be in play.
OANDA:XAUUSDShort
by TRADE_CENTER_1
2
Keep an eye on the BoE interest rate decisionDo not miss the BoE interest rate decision, where the Bank is expected to go for another 25bps cut. Can the BoE afford it? Let's see. MARKETSCOM:GBPUSD FX_IDC:GBPUSD 74.2% 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. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
by Marketscom
GBPUSD - Will the dollar return to the bullish trajectory?!US President Donald Trump has once again shown his mastery of political bluffs. He pushed negotiations with Mexico and Canada to the brink of crisis, there were numerous reports of increased tariffs and tougher measures, but in the end, he canceled everything. Instead, only a few symbolic measures were announced at the border, many of which had been discussed before. Now it seems that this scenario will be repeated again in the next 30 days. That this was a bluff was predictable from the beginning, but it was a challenging experience for analysts and markets. If you didn’t have a moment of doubt during this process, you probably weren’t paying close enough attention. But that’s the Trump strategy: in the market you have to have a strong belief that you are on the right track. When everyone is panicking, you have to stay calm and watch the process from the outside. The trade war has caused significant volatility in financial markets, and it’s not easy to make a profit in this environment. One of the main challenges was the timing. Last week, Trump announced that Mexico and Canada could do nothing to prevent the tariffs. But just days later, the two countries made almost no concessions and no tariffs were imposed. The signs of a shift in direction were already clear. The most important sign was the comments of Kevin Hassett, the White House economic adviser, who indicated that the talks were changing direction. He shifted the focus of the discussion to the problem of drugs and fentanyl, a shift that indicated that the Trump administration was looking to declare a victory in the negotiations. When even CNBC analysts noticed the change, it was clear that the direction of the talks had changed. “It doesn’t seem like you believe that these tariffs are going to happen, or that they will last very long,” one of the network’s hosts told Hassett in an interview. How did the financial markets react? The currency market was one of the best indicators to understand developments. While the stock markets were volatile, the trends in Forex were more transparent and occurred without random disturbances. The focus of attention on financial markets today is the Bank of England’s monetary policy decision. The Bank of England is expected to cut interest rates by 25 basis points, starting the new year. The decision will not come as a surprise, as OIS market data shows that traders have priced in a cut with a probability of around 92%. The cut will take the Bank of England’s policy rate to 4.50%, while policymakers continue to gradually reduce interest rates. However, the most important part of the decision will be the central bank’s statement and tone. The results of the December vote showed that there is a division among BoE policymakers. Dhingra, Ramsden and Taylor had voted for a 25 basis point cut earlier in the same meeting. The Bank of England continues to insist that “a gradual approach to removing monetary policy constraints remains appropriate.” This will remain the watchword for monetary policy today, even if interest rate cuts are implemented. But economic uncertainties remain. The December inflation report showed that price pressures have eased, but the trend is not sustainable. Analysts have made a few key points: • The decline in inflation has been driven largely by falling service prices. • But a closer look suggests that the decline may be temporary. Rob Wood of Pantheon Economics explained that the ONS’s calculation method has led to a drop in airline prices on December 10. The drop came before the Christmas break, when prices would normally have been expected to rise. Overall, the disinflationary trend remains unsustainable. With core inflation still above 3%, the Bank of England remains committed to keeping price pressures in check. Future Forecast: • The Bank of England will cut interest rates today as expected, but will emphasize that future actions will depend on economic data. • Traders do not expect interest rate cuts in February and March, but have forecast the next cut for May 2025. • In total, interest rate cuts for 2025 are estimated at around 83 basis points. Since the Bank of England is unlikely to make any clear commitments on the future course of its policies, the impact of this decision on the value of the pound and government bonds (Gilts) is expected to be limited. The GBPUSD currency pair is located between the EMA200 and EMA50 on the 4-hour timeframe and is moving in its ascending channel. In case of a downward correction, the pair can be bought within the specified demand zone.
Long
by Ali_PSND
Gold (XAUUSD) Bullish Continuation with Key Targets This chart shows a bullish trend for gold (XAUUSD) on the 1-hour timeframe, with price respecting an upward trendline and staying above key moving averages. A possible buy zone is identified near the trendline support, suggesting potential continuation to the upside. The first target is set around 2,880, while the second target extends to 2,901. The structure indicates break-of-structure (BOS) and change-of-character (ChoCh) points, confirming bullish momentum. If price holds above the buy zone, further upside movement toward the targets is likely. A break below the trendline could signal a short-term cor OANDA:XAUUSD rection.
OANDA:XAUUSDLong
by TRADE_CENTER_1
Bullish continuation?The Cable (GBP/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance that lines up with the 127.2% Fibonacci extension. Pivot: 1.2475 1st Support: 1.2393 1st Resistance: 1.2611 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
1
Bearish drop?GBP?AUD is reacting off the support level which is an overlap support and could drop from this level to our take profit. Entry: 1.9897 Why we like it: There is an overlap support level. Stop loss: 2.0013 Why we like it: There is a pullback resistance level, Take profit: 1.9762 Why we like it: There is a pullback support level that is slightly above the 161.8% Fibonacci extension. 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
1
Bullish momentum to extend?GBP?USD is falling towards the support level which is an overlap support that is slightly below the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2466 Why we like it: There is an overlap support level that is slightly below the 23.6% Fibonacci retracement. Stop loss: 1.2398 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Take profit: 1.2581 Why we like it: There is a pullback resistance level that is slightly below the 127.2% Fibonacci extension. 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
The monthly chart of XAU/USD (Gold Spot) reveals a long-termThis is a monthly chart of XAU/USD (Gold Spot), displaying a long-term ascending channel. Key Observations: 1. Price is at the channel's upper boundary, around $2,874. 2. Potential resistance at around $3,202, indicated by an upward arrow. 3. Previous price activity indicates respect for channel boundaries**, implying that a pullback from resistance is possible. 4. Support zones** range from $2,767 to $2,861, with a substantial lower trendline support between $2,099 to $1,911. Possible scenarios: - If trend continues, gold may reach $3,200 before correction. - A rejection from the upper channel might result in a retracement to $2,767-$2,861. Breakout above $3,200 may indicate a strong bullish trend.
OANDA:XAUUSDLong
by NexusTradesZone
monthly chart of XAU/USD (Gold Spot) showing a long-term This is a monthly chart of XAU/USD (Gold Spot) showing a long-term ascending channel. Key Observations: 1. Price is near the upper boundary of the channel, around $2,874 2. Potential resistance at approximately $3,202, marked with an upward arrow. 3. Previous price action shows respect for channel boundaries**, meaning a pullback from resistance is possible. 4. Support zones** lie around $2,767–$2,861, while a major lower trendline support is near $2,099–$1,911. Possible Scenarios: - If momentum continues, gold may test $3,200 before seeing a correction. - A rejection from the upper channel could trigger a retracement towards $2,767–$2,861. - Breakout above $3,200 could signal a strong bullish continuation.
OANDA:XAUUSDLong
by TRADE_CENTER_1
GBP/NOK LONG: My Technical AnalysisDear Readers, Today I want to show you my long investment on GBP/NOK. As a passionate analyst of the Forex market, today I want to share with you a strategy that I am following on the British Pound/Norwegian Krone (GBP/NOK). The current setup is particularly interesting, as it presents consistent bullish signals on multiple timeframes, supported by technical indicators that I have developed and customized for in-depth analysis. My Technical Analysis To build this long strategy, I used the custom Wave Trend (developed by me) and the Alligator indicator. Both tools gave me clear signals of a bullish reversal. Here is a summary of the signals identified: 1-Hour Chart (1H): On the hourly timeframe, we have just seen a break of the previous resistance, a strong signal that indicates a possible continuation to the upside. 4-Hour Chart (4H): On the 4-hour timeframe, the price is in an oversold condition and is bouncing off the long-term average of the Alligator. This suggests a recovery from a phase of excessive market weakness. Daily Chart (1D): The long-term context remains bullish. This prolonged phase of positive trend offers additional safety for a long position. Key Levels of the Strategy To make this trade safe and effective, I have set key stop loss and take profit values, as shown in the chart. Stop Loss: Placed at 13.85689, below the recent lows. This level provides protection in the event of a sharp reversal. Take Profit: Set at 14.47413, an ambitious but realistic target, which aims to capitalize on the bullish trend. Indicators Confirmation The Wave Trend, positioned at the bottom of the chart, has signaled a bullish divergence and the passage from the oversold zone. The Alligator, on the other hand, shows a possible opening of the moving averages (indicative of a nascent trend), with the price that has detached from the long-term average, suggesting a potential bounce upwards. Conclusions This setup is a great example of how to combine technical signals and market context to build a winning trading strategy. The consistency between the signals on the 1H, 4H and 1D timeframes gives me further confidence in my long investment on GBP/NOK. I will keep you updated on the progress of this operation and on the next trading opportunities. As always, remember that good risk management is essential to achieve success in the financial markets. See you soon, Andrea Russo.
Long
by Andrea_Russo_SwipeUP
Falling towards 50% Fibonacci support?GBP/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance. Pivot: 1.7806 1st Support: 1.7661 1st Resistance: 1.7968 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
2
Bullish bounce?GBP/AUD is falling towards the pivot and could bounce to the 1st resistance which is an overlap resistance. Pivot: 1.9915 1st Support: 1.9815 1st Resistance: 2.0050 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
1
GBPJPY Triangle pushing higher.GBPJPY is trading inside a Triangle pattern with the price starting a rebound yesterday on its bottom. A crossing over the MA200 (4h) confirms the bullish extension. The previous bullish wave surpassed the 0.786 Fibonacci to price a High at the top. Trading Plan: 1. Buy on the current market price. Targets: 1. 196.900 (0.786 Fib). Tips: 1. The RSI (4h) is on the exact same levels as December 4th. That was also at the start of the previous bullish wave. Please like, follow and comment!!
Long
by TradingBrokersView
Falling towards overlap support?GBP/AUD is falling towards the support level which is an overlap support that is slightly above the 50% Fibonacci retracement and could bounce frm this level to our take profit. Entry: 1.9897 Why we like it: There is an overlap support level that is slightly above the 50% Fibonacci retracement. Stop loss: 1.9769 Why we like it: There is a pullback support level that is slightly above the 161.8% Fibonacci extension. Take profit: 2.0083 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
Bearish drop off 38.2% Fibonacci resistance?EUR/GBP is rising towards the resistance level which is a pullback resistance that aligns wit the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8358 Why we like it: There is a pullback resistance level that line sup with the 38.2% Fibonacci retracement. Stop loss: 0.8387 Why we like it: There is a pullback resistance level that is slightly above the 50% Fibonacci retracement. Take profit: 0.8286 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
BTC/USD Short-Term Rebound: Testing Key Resistance AheadThis BTC/USD chart (2-hour timeframe) shows a descending triangle pattern with a strong resistance trendline. Key Observations: 1. Price Rejection & Support: - BTC recently bounced from a support level around 93,747 and surged back above 97,952. - This suggests a potential short-term recovery. 2. Potential Upside Target: - The chart highlights a **resistance zone around 102,500–104,049, which aligns with the descending trendline. - A move toward this level is likely if the current momentum continues. 3. Breakout or Rejection? - If BTC breaks 104,049 with strong volume, it could challenge 108,411. - Failure to break resistance could lead to another drop toward 93,747 or lower. Strategy Consideration - Short-term traders: Watch for a retest of 102,500–104,049 before deciding on a breakout trade or shorting the rejection. - Long-term perspective: If BTC holds above 93,747, bullish momentum might strengthen.
BITSTAMP:BTCUSDLong
by TRADE_CENTER_1