GBPUSD I Bearish flag and potential downside Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Gbpusdtrade
GBPUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
GBPUSD: The dollar hit a one-month high amid interest rate cut sThe US dollar rose to a one-month high on Wednesday on shifting market expectations for interest rate cuts and weak economic data from China. The dollar index, which measures the dollar's value against a basket of currencies, rose to 103.58, its highest since December 13th. This increase follows Tuesday's 0.67% rise.
The dollar's rise was fueled in part by comments from U.S. Federal Reserve official Christopher Waller. He noted that the U.S. is close to the Fed's 2% inflation target, but advised against cutting rates early until he is confident that the decline in inflation is sustainable. Following Waller's comments, the probability of a rate cut in March, as measured by CME's FedWatch tool, fell from 75% to about 60%. At the same time, yields on U.S. government bonds rose.
In contrast to other currencies, the pound rose 0.1% against the dollar to $1.2646, supported by rising UK inflation data. This has fueled expectations that the Bank of England may cut interest rates more slowly than other central banks.
GBPUSD M30 / LOND TRADE OPPORUNITY 💲Hello Traders!
This is my idea related to GBOUSD M30. I see a small retracement and I expect an increase until the OB marked above.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
Follow, like, and comment to see my content:
www.tradingview.com
GBPUSD Trade IdeaThe GBPUSD daily chart suggests a confirmed downside break of market structure. While a healthy retracement is ongoing, the 50-61.8% Fibonacci retracement zone offers a possible shorting opportunity if price action confirms on a lower timeframe (e.g., 15m / 5m). Targets lie at the current candle low and prior daily lows (refer to snapshot).
Please note: This is an informative analysis, not a trade recommendation. Conduct your own due diligence and risk management before taking any trading decisions.
GBPUSD: Dollar slides lower after CPI data; Sterling is supporteThe dollar steadied in early European trade on Friday as investors focused on mixed U.S. consumer inflation data and the potential impact of the FBI's interest rate cut. Future Federal Reserve System.
As of 4:25 p.m. ET (9:25 p.m. Japan time), the dollar index against a basket of six other currencies was trading steady at 102.022, down from Thursday's high of 102.76 (a five-month low). Although it has fallen from a certain point of 100.61, it is still above it.
U.S. consumer prices rose 0.3% in December, according to data released Thursday. The annual rate of increase was 3.4%, exceeding expectations of 0.2% and 3.2% increases, respectively. increase. However, the dollar received little support from this, as the "core" CPI, which excludes volatile food and energy prices, fell again, suggesting underlying inflation remained subdued.
Federal Reserve officials have sought to downplay the possibility of early rate cuts, with Cleveland Fed President Loretta Mester saying Thursday that the latest CPI numbers indicate it may be too early for the central bank to cut rates. Major interest rate cuts in March.
But most traders still expect the Fed to start cutting rates as early as March.
"A rate cut in March is still priced in by more than 60%, and we still see near-term vulnerability in risk assets from this move," ING analysts said in a note. The new decision is too restrictive. ”
All eyes are now on the US producer price index, which will be released in late trading, with the index expected to rise 0.1% in December, bringing the annual rate of increase to just 1.3%.
In Europe, the pound/dollar pair rose 0.1% to 1.2775 after data released on Friday showed the British economy grew slightly more than expected in November. The country's GDP rose 0.3% this month, beating expectations for a 0.2% increase.
GBPUSD → Two Sell Signal Bars! Time to Short? Let's Answer.GBPUSD gave us more upward price action to finish last week and thus far has failed to break the neckline. The Weekly chart shows two wicks over the 200EMA, but not a clean break. Should we short here?
How do we trade this? 🤔
We do not yet have the justification to short for several reasons. Most important, we're lacking a confirmation bar below the 200EMA. We have the two sell bars, but notice the last Daily candle from last week, it's a strong buy bar near a resistance line. A buy bar at a resistance line is not a buy signal because the context doesn't support a buy here. Buy bars this late in the game are often indicative of a potential reversal. The bulls tried to buy after a quick dip in price but failed to close above the 200EMA. This is a sign of potential weakness, key word: *potential*. That weakness needs to be confirmed with a strong bear bar closing on or near its low.
Such a dip will likely bring us to the 30EMA where I would expect some support. My preference would be to wait for that price action to either close below the 30EMA, or come back up to the Resistance Zone (as depicted) and fail again to confirm the short entry.
Until then, it's best to wait on the sidelines for the required price action.
💡 Trade Idea 💡
Short Entry: $2,225
🟥 Stop Loss: $2,510
✅ Take Profit: $1,940
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Two Sell Signals at Resistance Zone
2. Failed to break 200EMA
3. Watch for Bear Close Below 200EMA and a re-test of Resistance Zone.
4. Look for Strong Bear Signal at Resistance to Short.
5. RSI near 58.00 above Moving Average, Contradicts Short Bias.
💰 Trading Tip 💰
A buy bar in isolation (bull candle with a large wick on the bottom) is a bullish bar. But bars in isolation are irrelevant when it comes to addressing a chart. Context is everything and when a buy bar appears near a Resistance Zone at what is possibly the end of a trend, it should not be considered a buy signal, but potentially a sign of weakness before the bears take over.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
GBPUSD I Detailed Trading Plan & How to ExecuteWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
GBPUSD END-WEEK ANALYSIS 2 UPDATE 08/10/2023📈🌟 GBP/USD Market Analysis: A Potential Shift in Sentiment
GBP/USD has exhibited a bearish trend in recent times. However, an interesting development to note is the shift in the US Dollar Index (DXY). The DXY broke its previous structure to the downside and re-entered a range dating back to August 30, 2023. This change could impact GBP/USD sentiment. Be on the lookout for potential retracement or trend reversal opportunities in the coming sessions. Stay adaptable and prioritize risk management. 📉📊 #GBPUSD #Forex #TradingView #MarketAnalysis
Same for AUDUSD and NZDUSD
GBPUSD M30 / RETRACEMENT CONFIRMED / LONG TRADE ACTIVATED✅Hello Traders!
As you can see, we have a confirmation of the retracement from the level marked in the previous analysis. Congrats to those who executed the trade!
Wish you a nice weekend!
Follow, like, and comment to see my next ideas:
www.tradingview.com
GbpUsd- Rise above 1.3? Nice 1:3.5 R:R trade spottedIn early October, FX:GBPUSD bottomed out in the 1.2 zone and entered a consolidation phase that persisted throughout the month. November marked a positive shift as the pair embarked on a robust uptrend, driving it approximately 800 pips higher.
Come December, the pair transitioned into another consolidation phase, establishing a clear support base at 1.26 and a resistance ceiling around the 1.28 zone. Recent price movements indicate the potential for a breakout, hinting at a prospective rise beyond the significant psychological figure of 1.3.
In the medium term, my target is set at the 1.3150 zone, aligning with the vicinity of the recent high resistance level.
GBPUSD M15 / LOOKING FOR LONG POSITION ENTRY 📈Hello Traders!
This is my idea related to GBPUSD M15. We can see an ascendant trend on H1 and at this moment I will look only for long entries. It is very possible to see a retracement from the price of 1.27200 where we have OB and at the same level, FVG will be closed.
If confirmed, I will execute this trade, taking into consideration the weakness of DXY.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
Follow, like, and comment to see my content:
www.tradingview.com
Will GBP/USD go back above 1.27? Let's analyzeHello traders! Hope you had a great New Year! Now, looking at the GBP/USD
4-hour chart, we can see that price is at the moderate support zone.
Although it has fallen below the 100 EMA on the 4Hour chart, there is a chance
that GBP/USD will go back above 1.27 level if the support zone holds.
I am already holding a couple of buys@1.2620 with target at 1.27. If the support
zone breaks, I will consider closing my buys.
GBPUSD on it's way to 1.29?Hello traders and the entire Tradingview Community! Last week, I had
advised you to buy GBPUSD@1.2620 level. If you followed my idea, you
have made over 130 pips profit.
Currently, GBP/USD is still holding above the key level around the dynamic
support on the 4H chart . If price continues to hold above 1.2670, we can expect
GBP/USD to go to 1.2750, 1.28 and even 1.29.
I would be willing to buy GBPUSD again if price dips to the 1.2650 level
GBPUSD H2 / STRATEGY RESPECTED, LONG TRADE ACTIVE ✅Hello Traders!
As you can see, GBPUSD reacted from FVG, and now I expect an increase until the price of 1.28100.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
Follow, like, and comment to see my content:
www.tradingview.com
GBPUSD Trading Plan - 05/Jan/2024Hello Traders,
Hope you all are doing good!!
I expect GBPUSD to go Up after finishing the correction.
NOTE: There is potential that it can take last low but the bias will be still up.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBPUSD: Morgan Stanley changes US dollar forecast to neutral amiMorgan Stanley updated its outlook for the U.S. dollar, switching to a neutral stance, sharply departing from its previous forecast for an 8% rise in the dollar spot index in the fourth quarter. Two this year. This adjustment was made in response to the Fed's recent dovish stance and the resulting decline in US Treasury yields.
The bank's dollar spot index fell just 0.2%, prompting a reassessment of its currency strategy. Given the changing economic situation, Morgan Stanley strategists are now advising clients to avoid short positions in the Eurodollar. Instead, it recommends shorting the euro against the yen to protect against currency fluctuations that may occur in the current market environment. This guide highlights strategic turning points in foreign exchange trading, in line with the latest economic indicators and central bank policy directions.
GBPUSD: The USD stabilized awaiting the minutes of the Fed's DecThe dollar hovered near a two-week high in early European trading on Wednesday ahead of the release of the Federal Reserve's December meeting minutes.
At 4:10 p.m. ET, the U.S. dollar index, which tracks the greenback against a basket of six other currencies, was trading 0.1% higher at 101.959, after gaining just under 1% on Tuesday. This was a personal high. performance of the day. From March 2023.
The dollar has rebounded to start the year, helped by rising U.S. Treasury yields, with the benchmark 10-year Treasury yield hitting its highest level in more than two weeks in early trading.
Risk aversion pushed the S&P 500 and Nasdaq Composite Index to their first trade of 2024 as investors worried that the minutes of the Federal Reserve's December meeting, scheduled to be released next Wednesday, might not be as dovish as previously expected. We finished in the red. "The market is abandoning some dovish bets, questioning inflated stock valuations, and ultimately turning to defensive bets in the foreign exchange market," ING analysts said.