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Gbpusdtrade

GBP/ USD !! Resistance zone H4 !! SELL ⭐️ Smart investment, Strong finance ⭐️ GBP/ USD INFORMATION: The GBP/USD pair remains above the 1.2800 level in early Asian trading on Friday, supported by selling pressure on the US Dollar. Focus will be on the US labor market data for February. GBP/USD is currently trading around 1.2810, up 0.01% on the day. Federal Reserve Chair Jerome Powell presented the Monetary Policy Report and discussed potential interest rate cuts during a Senate Banking Committee meeting on Thursday. Powell suggested that rate cuts could happen soon if inflation signals cooperate, but did not provide a specific timeline. Investors anticipate the first cut to occur in June, with a total of four reductions by the end of 2024, amounting to a full percentage point decrease. ⭐️ Personal comments NOVA: Resistance zone H4, buying force weakens, setting up SELL signal ⭐️ SET UP GBP/ USD PRICE: 🔥SELL zone: 1.28050 - 1.28250 SL 1.28550 TP1: 1.27700 TP2: 1.27300 TP3: 1.27000 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
6
GBPUSD: The dollar fell to a one-month low amid views of interesThe US greenback softened, hitting a one-month low in opposition to the yen today, as marketplace individuals anticipated a probable US hobby charge reduce later this yr. This sentiment turned into stimulated with the aid of using latest inflation statistics and feedback from US Federal Reserve Chairman Jerome Powell. Powell, in Wednesday`s testimony earlier than lawmakers, advised that a charge reduce may be so as later this yr if the financial system and inflation developments are in keeping with expectancies. The greenback's decline coincided with a drop in US Treasury yields following Powell's feedback and statistics suggesting an easing in exertions marketplace conditions. The dollar hit a low of 148.ninety four in opposition to the yen withinside the first Asian consultation of the week. The euro and British pound additionally maintained their electricity as compared to the preceding consultation, buying and selling at $1.0902 and $1.2738, respectively. Commonwealth Bank of Australia forex strategist Carol Kong referred to that the greenback's weak point in opposition to principal currencies turned into because of exertions marketplace statistics and Powell's testimony, which markets considered as weak. extra tremendous than expected. Futures markets are presently pricing in a 70% danger of the Fed beginning to decrease hobby fees at its June coverage meeting, with expectancies for a reduce of approximately 87 foundation factors for the yr. This outlook has positioned US Treasury yields, specifically two-yr yields that mirror short-time period hobby charge expectancies, beneathneath pressure. The greenback index, which tracks the dollar in opposition to a basket of currencies, fell 0.04% to 103.30, close to a one-month low. In different forex news, the Canadian greenback remained consistent at 1.3518 according to U.S. greenback after the Bank of Canada stored its benchmark hobby charge consistent on Wednesday, mentioning chronic underlying inflation. Simon Harvey, head of FX evaluation at MonFX, thinks the BoC should postpone a charge reduce till June 5, keeping the short-time period CAD fashion however awaiting sizeable depreciation to come. postponed till mid-Q2. The New Zealand greenback edged up 0.05% to $0.6133, whilst the Australian greenback rose 0.11% to $0.6572. Cryptocurrencies additionally noticed a few movement, with bitcoin closing priced at $66,232, chickening out from document highs in advance withinside the week. Ether fell extra than 0.2% to $3,842.20 after hitting a extra than two-yr excessive withinside the preceding consultation. In exchange-associated news, statistics from Thursday confirmed Australia's items exchange surplus widened in January, with will increase in agricultural exports and gold outpacing will increase in automobile imports.
Long
by Chart_MasterPro
GBP/USDGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.GBP Update: Hunt Decides on National Insurance Reduction Over Tax CutsThe GBP/USD climbed 0.31% during the North American session and traded at 1.2746 after bouncing off daily lows of 1.2690. UK’s spring budget announcement and US Federal Reserve’s Chair Jerome Powell's testimony sponsored a leg-up in the pair, which is set to test the 1.2800 mark. confirm chart
Short
by Mark804
GBP USD buy US Dollar Wobbles as Markets Await Powell; Setups on EUR/USD, GBP/USD, USD/CAD GBP/USD rose through Tuesday’s trading, testing north of 1.2700 but mixed market sentiment is keeping the pair close to key levels as momentum remains limited. The pair broke through a key resistance layer, and a pullback could see bullish momentum extend as long as declines remain limited to the 1.2700 region. Plenty of longer-term technical resistance is baked into daily candlesticks. 1.2800 remains a key level for bulls to beat, and the 200-day Simple Moving Average (SMA) continues to grind slowly higher, reaching 1.2580. Confirm Chart
Short
by JohnHarry_7
3
Incorporating economic calendars into trading analysisIncorporating economic calendars into trading analysis is essential for GBP/USD (British Pound/US Dollar) traders as it helps them stay informed about upcoming economic events, announcements, and data releases that can significantly impact currency prices. Here's how traders can effectively integrate economic calendars into their trading analysis: 1. **Stay Updated on Key Economic Events:** - Regularly check economic calendars to stay informed about scheduled economic events, including central bank meetings, interest rate decisions, GDP releases, employment reports, inflation data, and other economic indicators relevant to GBP/USD. 2. **Identify High-Impact Events:** - Focus on high-impact events that have the potential to cause significant volatility and price movements in GBP/USD. These events typically include central bank decisions (e.g., Bank of England monetary policy meetings), major economic data releases (e.g., UK GDP, US non-farm payrolls), and geopolitical developments. 3. **Plan Ahead:** - Plan your trading strategy and position management around scheduled economic events. Consider adjusting your position sizes, setting stop-loss orders, or avoiding trading altogether during periods of high volatility, especially around major economic releases. 4. **Understand Market Expectations:** - Pay attention to market expectations and consensus forecasts for upcoming economic releases. Discrepancies between actual data and market expectations can lead to significant market reactions and trading opportunities in GBP/USD. 5. **Monitor Currency Correlations:** - Understand the potential impact of economic events on GBP/USD and its correlation with other currency pairs, such as EUR/USD. For example, a positive economic report for the UK may strengthen GBP/USD but weaken EUR/USD due to diverging monetary policy expectations. 6. **Use Event-Based Trading Strategies:** - Implement event-based trading strategies that capitalize on anticipated market reactions to economic events. For instance, traders may adopt a "buy the rumor, sell the fact" approach, where they enter positions based on market expectations before the event and exit once the event occurs. 7. **Stay Flexible and Adapt:** - Remain flexible and adapt your trading strategy based on real-time market developments and unexpected outcomes of economic events. Be prepared to adjust your positions and risk management strategies accordingly to navigate volatile market conditions effectively. 8. **Utilize Risk Management:** - Prioritize risk management and ensure you have appropriate risk controls in place to mitigate potential losses during periods of heightened volatility surrounding economic events. Consider using stop-loss orders, limiting leverage, and diversifying your trading portfolio to manage risk effectively. By integrating economic calendars into their trading analysis, GBP/USD traders can stay informed, anticipate market movements, and capitalize on trading opportunities while effectively managing risk during periods of increased volatility surrounding economic events.
Education
by FrankFx14
GBPUSD - Look for a short position ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I wait price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block. Fundamental news: This week is NFP week, news with high impact on USD, so pay attention to the results on Friday to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
4
GBPUSD H1 / Expecting a Bearish Move / Looking for Short Trade ✅Hello Traders! This is my forecast for GBPUSD H1. I expect DXY to be continuously bullish, that's why I will look for a short entry on GBPUSD. I expect to see that PDL will be taken. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
1
Relative Strength Index & Moving Average Convergence DivergenceThe Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are popular technical indicators used by traders to analyze GBP/USD (British Pound/US Dollar) price movements and identify potential trading opportunities. Here's how they work and how traders can use them effectively: **Relative Strength Index (RSI):** 1. **Definition:** RSI is a momentum oscillator that measures the speed and change of price movements in GBP/USD. It oscillates between 0 and 100 and is typically displayed as a single line on a separate chart below the GBP/USD price chart. 2. **Interpretation:** - Overbought and Oversold Conditions: RSI values above 70 indicate that GBP/USD may be overbought, suggesting a potential reversal or correction. Conversely, RSI values below 30 suggest oversold conditions, indicating a potential buying opportunity. - Divergence: Divergence between RSI and GBP/USD price movements can signal potential trend reversals. Bullish divergence occurs when GBP/USD makes lower lows while RSI makes higher lows, indicating weakening bearish momentum. Conversely, bearish divergence occurs when GBP/USD makes higher highs while RSI makes lower highs, signaling weakening bullish momentum. 3. **Trading Strategies:** - Overbought/Oversold Levels: Traders may look for opportunities to sell when RSI is overbought (above 70) and buy when RSI is oversold (below 30), especially when these levels coincide with other technical signals. - Divergence Signals: Traders may use RSI divergence as a confirmation signal to enter or exit trades. For example, if GBP/USD is making new highs, but RSI fails to confirm, it could signal a potential trend reversal. **Moving Average Convergence Divergence (MACD):** 1. **Definition:** MACD is a trend-following momentum indicator that consists of two lines: the MACD line and the signal line. Additionally, the MACD histogram represents the difference between these two lines. 2. **Interpretation:** - MACD Line Crosses: Traders watch for crossovers between the MACD line and the signal line. A bullish crossover occurs when the MACD line crosses above the signal line, indicating potential upward momentum. Conversely, a bearish crossover suggests potential downward momentum. - Histogram: The MACD histogram measures the distance between the MACD line and the signal line. Increasing histogram bars indicate strengthening momentum, while decreasing bars may signal weakening momentum. 3. **Trading Strategies:** - Signal Line Crossovers: Traders may use signal line crossovers as buy or sell signals. A bullish signal occurs when the MACD line crosses above the signal line, while a bearish signal occurs when the MACD line crosses below the signal line. - Divergence: Similar to RSI, traders may also look for divergence between MACD and GBP/USD price movements to identify potential trend reversals or continuation signals. **Using RSI and MACD Together:** - Traders often use RSI and MACD together to confirm trading signals. For example, a bullish crossover on MACD combined with RSI crossing above 30 (after being oversold) may provide a stronger buy signal. - Conversely, a bearish crossover on MACD combined with RSI crossing below 70 (after being overbought) may provide a stronger sell signal. By incorporating RSI and MACD into their analysis of GBP/USD price movements, traders can gain valuable insights into momentum, overbought/oversold conditions, and potential trend reversals, enhancing their ability to make informed trading decisions.
Education
by FrankFx14
Using technical indicators for GBP/USD tradingTechnical indicators play a significant role in analyzing GBP/USD (British Pound/US Dollar) price movements and identifying potential trading opportunities. Here are some commonly used technical indicators for GBP/USD trading: 1. **Moving Averages (MA):** - Simple Moving Average (SMA) and Exponential Moving Average (EMA) are popular indicators used to smooth out price data and identify trends. - Traders often use crossovers between short-term (e.g., 20-period) and long-term (e.g., 50-period, 200-period) moving averages to identify trend reversals or confirm trend direction. 2. **Relative Strength Index (RSI):** - RSI is a momentum oscillator that measures the speed and change of price movements. - Traders use RSI to identify overbought (RSI above 70) and oversold (RSI below 30) conditions, which may indicate potential trend reversals or corrections in GBP/USD. 3. **Moving Average Convergence Divergence (MACD):** - MACD is a trend-following momentum indicator that consists of two lines - MACD line and signal line. - Traders look for MACD line crossovers above or below the signal line to identify potential trend changes or confirm existing trends in GBP/USD. 4. **Bollinger Bands:** - Bollinger Bands consist of a middle band (typically a 20-period SMA) and upper and lower bands based on standard deviations of price. - Traders use Bollinger Bands to identify overbought and oversold conditions and potential reversal or continuation signals based on price movements relative to the bands. 5. **Stochastic Oscillator:** - Stochastic Oscillator is a momentum indicator that compares the closing price of GBP/USD to its price range over a specified period. - Traders use stochastic oscillator to identify overbought and oversold conditions and potential trend reversals based on divergence between the indicator and price. 6. **Average True Range (ATR):** - ATR measures market volatility by calculating the average range between high and low prices over a specified period. - Traders use ATR to set stop-loss levels and determine position size based on market volatility in GBP/USD. 7. **Fibonacci Retracement:** - Fibonacci retracement levels (e.g., 38.2%, 50%, 61.8%) are based on Fibonacci ratios and used to identify potential support and resistance levels. - Traders look for price to retrace to Fibonacci levels after a significant move in GBP/USD to identify potential entry or exit points. 8. **Ichimoku Cloud:** - Ichimoku Cloud consists of multiple lines that provide information about trend direction, support and resistance levels, and potential reversal signals. - Traders use Ichimoku Cloud to identify trend direction and confirm trade signals in GBP/USD. These technical indicators can be used individually or in combination with each other to analyze GBP/USD price movements, identify trading opportunities, and make informed trading decisions based on objective data and signals. Traders should consider the strengths and limitations of each indicator and adapt their trading strategies accordingly.
Education
by FrankFx14
Identifying support and resistance levelsIdentifying support and resistance levels is crucial for effective technical analysis when trading GBP/USD or any other financial instrument. Here's how traders can identify support and resistance levels on GBP/USD charts: **1. Historical Price Levels:** - Look for historical price levels where the GBP/USD exchange rate has previously reversed direction or experienced significant price movement. These levels are likely to act as support or resistance in the future. **2. Swing Highs and Lows:** - Identify swing highs and lows on the GBP/USD chart, which represent peaks and troughs in price movements, respectively. Swing highs often act as resistance levels, while swing lows serve as support levels. **3. Round Numbers and Psychological Levels:** - Round numbers, such as whole numbers and half-numbers (e.g., 1.3000, 1.3500), tend to attract attention from traders and may act as psychological support or resistance levels. **4. Pivot Points:** - Pivot points are calculated based on the previous day's high, low, and close prices and are used by many traders to identify potential support and resistance levels for the current trading day. **5. Moving Averages:** - Moving averages, such as the 50-day and 200-day moving averages, can act as dynamic support or resistance levels. Traders often observe how price interacts with these moving averages to gauge the strength of the trend. **6. Trendlines:** - Trendlines drawn on GBP/USD charts can also serve as dynamic support or resistance levels. An upward trendline may act as support, while a downward trendline may act as resistance. **7. Fibonacci Retracement Levels:** - Fibonacci retracement levels, derived from the Fibonacci sequence, are commonly used to identify potential support and resistance levels based on the ratio of key Fibonacci numbers (e.g., 38.2%, 50%, 61.8%). **8. Volume Profile:** - Volume profile analysis involves observing the volume traded at different price levels. High-volume nodes (areas with significant trading volume) often act as support or resistance levels. **9. Consolidation Zones:** - Identify consolidation zones or trading ranges where price has moved sideways for an extended period. The upper and lower boundaries of these zones may act as resistance and support levels, respectively. **10. Price Patterns:** - Certain price patterns, such as double tops, double bottoms, head and shoulders patterns, and triangles, can also help identify potential support and resistance levels. By incorporating these methods into their technical analysis, traders can effectively identify key support and resistance levels on GBP/USD charts, allowing them to make more informed trading decisions and manage risk effectively.
Education
by FrankFx14
gobussd sellGBP/USD and gold prices. Here, we’ll scrutinize recent price behavior and dissect essential levels where historically there has been strong buying or selling pressure and which could be used for risk management when establishing positions.GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.GBP/USD drops to multi-day lows near 1.2600 The continuation of the intense buying pressure in the US Dollar maintains the price action around GBP/USD and the rest of the risk-linked peers under heavy pressure on Thursday. confirm signal
Short
by Mark804