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Gbpbuy

GBPUSD: Short Buy SignalHello! How are you? I'm back with another signal! Ok, let's go to the chart... -------------------------------- I say Buy because of: 1- RSI: under 30. 2- MFI: under 20. 3- It is on a strong support zone right now. --------------------------------- Happy Trade... Have a Good Week... --------------------------------- Please Like and Share my Idea about GBPUSD! Any Question or Suggestion? Just Comment or Message me! --------------------------------- Mahdi On Forex
Short
by CipherFxAnalysis
LongTerm and ShortTerm Analysis of GBPCHF, This monthly chart is a possible bullish bias I have for GBPCHF over the long term. A bullish upmove to my 382 @1.76048. You can see that here: What is my fundamental reason for this? My theory is that if the vote for new british leader is lost by Boris Johnson, then the Pound is bullish. Now if this fails, odds are the pound will continue bearish, but if the Pound is currently bearish I have an alternative below: If price manages to break 1.2938 then bullish bias is confirmed for buys all the way to 1.34 But if price is BEARISH: Assuming Pound breaks 1.269 then confirmed down trend to my short term 382 and 618 take profits, 1.26158 and 1.24445 respectively.
by CryptoKarmaker
Long GBP/CADFundamentals:- the bar on interest rates changed slightly for the U.K. when another member of the MPC voted to hike rates; making the vote 3-0-6. Although we still don't expect a rate hike this year it does bring the tightening of monetary policy into a more realistic curve upward. This could bring the GBP back from its recent sell off against some of the weaker currencies. The Canadian dollar strengthened on Friday along with the Oil price as Opec and Non-OPEC countries met do discuss plans to hike oil production. An increase in production will eventually decrease the value and in turn commodity linked currencies such as the Canadian dollar. In Canada it's self a drop in m/m CPI and m/m retail sales could also bring a near term weaker CAD. Technicals:- The 4 hour chart shows buyers breaking the resistance line on Thursday then the Oil meetings bringing the price back down to should now become support. The concern is the large pin bar candle which would suggest a much bigger reversal. However, in light of the reason for the spike I am letting it ride. I am looking to jump in on the support level and place stops below the previous candles low on the GBP announcment on Thursday last week. This price also is in confluence with 61% fibonacci pull back. Looking at the weekly chart below we can see that the uptrend is still underway from 28/05/2018 when we had a pin bar reversal and is still pushing up with larger green candles And the monthly chart also points to the continuation of the uptrend from September last year.
Long
by FreeForexSignals4u
1