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Gpusd

GBPUSD looking bearish for this week.Reference from last idea post: Price has created breakout to the downside. Will be looking for sell entries when price pulls back, looking at zone 1.27038 - 1.27220 (Grey Box) about 20 pips zone. That will be my point of interest. Price will likely go downwards towards Daily support area at 1.25913. After which price will need to break out the Daily support if price continues bearish, towards Weekly support level at 1.25245. Price has been moving bearish ever since it was not able to breakout the Monthly resistance at 1.28361 (Orange Line). From this point price has been pushing down since last week.
Short
by fuadalhakimofficial
The US dollar has fallen and has continued to decline since lastThe dollar fell slightly in early European trading on Monday, extending last week's losses to a six-week low after the Federal Reserve became less hawkish. At 03:20 ET (8:20 p.m. Japan time), the dollar index, which tracks the U.S. dollar against a basket of six other currencies, fell more than 1% last week, the biggest decline since the middle of last year. It fell 0.1% to 104.782. . The dollar has fallen since last week's Federal Reserve policy meeting, when the central bank issued dovish signals about further interest rate hikes. That trend was reinforced by Friday's official jobs report, which showed that U.S. nonfarm payrolls grew less than expected in October. This data suggests that the U.S. labor market is cooling. This was the main reason the Fed took a hawkish stance this year. Federal funds futures suggest there is about an 85% chance that the Fed will complete the rate hike cycle and an 80% chance that the rate hike cycle will begin in June. At least nine Fed speakers are scheduled this week, including two appearances by Chairman Jerome Powell, with the second session on Thursday including a question-and-answer session. EUR/USD rose 0.1% to 1.0743, pushing the euro up to levels last seen in September, driven by a weaker dollar rather than stronger regional economies. Which area? German data factory orders rose 0.2% in September, stronger than the expected 1.0% decline, but still a significant decline from August's revised 1.9% increase. Moreover, German housing construction suffered another wave of layoffs in October, according to a study published Monday by the Ifo Economic Research Institute. "The situation is getting worse as more projects fail due to rising interest rates and construction prices," said Klaus Wohlrabe, head of research at Ifo. GBP/USD rose 0.1% to 1.2384, extending last week's strong gains ahead of the UK's fourth-quarter GDP figures due later this week. .
Short
by AstronautPioneer
$DXY triple top dollar crash? 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management !! This chart analysis is for reference purposes only !! Looks like we will get a triple top on the dollar $DXY. This would signal a large melt-up rally for the markets if this scenario occurs. If $DXY miraculously manages to push itself through this resistance we will see a SUBSTANTIAL market correction. If you want to see more, please like and follow us @SimplyShowMeTheMoney
TVC:DXYShort
by SimplyShowMeTheMoney
#GBPUSD its possible to buy#GBPUSD Price is trading in near by 1hr support area and and any bullish candlestick formation and watch the next candle close the previous candle its will move to the next level resistance area Why we like it: Price is trading in near by 1hr support area moving to the next resistance area waiting for bullish candlestick confirmation 1st support: 1.37650 Next Zone area & horizontal swing Low support 1st Resistance 1.38883 Zone area & horizontal swing high resistance
Long
by Skandhatrade
#GBPUSD its possible to buy#GBPUSD Price is trading in near by 1hr resistance area and waiting for breakout the resistance and any bullish candlestick formation and watch the next candle close the previous candle its will move to the next level resistance area Why we like it: Price is trading in near by 1hr resistance area waiting for breakout the resistance moving to the next resistance area waiting for bullish candlestick confirmation 1st support: 1.38247 Next Zone area & horizontal swing Low support 1st Resistance 1.38712 Zone area & horizontal swing high resistance
Long
by Skandhatrade
#GBPUSD its possible to sell #GBPUSD Price is trading in 1hr resistance area and waiting for any bearish candlestick formation and watch the next candle close the previous candle its will move to the next level support area Why we like it: Price is trading in 1hr resistance area moving to the next support area waiting for bearish candlestick confirmation 1st support: 1.37989 Next Zone area & horizontal swing Low support 1st Resistance 1.38788 Zone area & horizontal swing high resistance
Short
by Skandhatrade
#GBPUSD moving to 4HR Resistance Area , the potential a Drop!#GBPUSD Price is moving to demand and it is also react the 4HR resistance so it is possible to a drop And the price also expect touching the 50EMA and watch the any bearish candlestick formed in resistance area Why we like it: Price is moving to Resistance 4HR area waiting for bearish candlestick formation waiting for 50EMA retracement 1st support: 1.38983 Next Zone area & horizontal swing Low support 1st Resistance 1.39885 Zone area & horizontal swing high resistance
Short
by Skandhatrade
GBPUSD > Simple and Easy Setup for A Buy Trade!!Analysis on #GBPUSD Hello friends. Similar to my last post, the market is moving sideways between support and resistance, I like to buy only in this market, so I am waiting for the market to come and test the support level to start looking for a reason to get in a buy trade targeting the next resistance Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated Check today analysis below⠀ >>“In Trading Losses Are the Cost of The Wins, TradingAxis.” ____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Long
by TheTradersAvenue
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