OANDA:GBPUSD has recently passed an important support zone, indicating potential for higher targets. After a clear pullback to the 1.2830 area, the pair is positioned for a further rise. The British Pound has been bolstered by a series of positive economic indicators and political stability. According to recent reports, analysts at Investec have raised their...
- The Bank of England (BOE) decided to deliver its #inflation medicine in a bigger dose at their recent monetary policy committee meeting. The bank made the shock decision to raise borrowing costs a half percentage point, taking the official rate to 5% ; double the size of the increase anticipated by most economists. BoE hiking interest rates to 5% , it adds...
GBPUSD has faced three significant bearish pushes right into a major support zone but has failed to break through. This inability to breach the support, despite repeated attempts, signals strong buying interest at these levels. Consequently, this consolidation and failed breakdown indicate a potential bullish reversal, with the expectation of a considerable rise...
hello guys... do you think usd dollar will become weak? I think the price is on QML now and it will do some corrections! however, it is not a strong Quasimodo pattern due to the head location! so the price will start an upward movement until the MPL level! MPL level will make the price some (just a little) correction and then the price will go to 1.27$ level...
The inflation rate in the United Kingdom remained stable at 6.7% in September 2023, holding at August's 18-month low and defying market expectations of a slight decrease to 6.6%. Softer price increases in food and non-alcoholic beverages (12.1% vs 13.6% in August) and furniture and household goods (3.7% vs 5.1%) were offset by a smaller decline in energy costs...
GBPUSD at 4h time frame we have FVG area i think it will rise to FVG area and after FVG taken price instantly will drop to 1.25800-1.25200
GBPCAD since the beginning of the week have been moving bearish and in respect to this, I plan to stick to the trend, the daily and the weekly also shows the bearish trend, and to follow this I expect this pair to retrace to the 50 Exponential moving average and we short to the 800 Exponential moving average.
A falling flag was projected on Gbpusd by me and I was expecting a fall, which it did earlier today, my expectation for it today is for this pair to retrace to the 50 EMA and my resistance zone and sell to my 200EMA of 1.26564.
If the gbpusd pair can break the wedge and resistance without bearish divergence then brexit wont be doom and gloom as some portray on the smaller time frames we have already seen a price surge from the news in October 2019 to the exit date last night
This is GBPCAD and I expect it to go bullish, why? 1. The support zone at 1.64300 is a four hour support zone 2. I need price to come back to this support zone which supported price as of yesterday to come for a second leg buys. This is one of the three pairs I've decided to be on till the rest of the year for psychological reasons, and I will try my best to drop...
Hello everyone! Hope you are all well! And had a great weekend!! :) Some members in my Tel channel suggested me a couple of pairs to analyse, and so here's the first one! GJ for me is looking tricky, I am against selling this pair for long period of time, as HTF shows long, with a clear target of 184.4. I will be watching LTF and Daily for a strong Demand Zone...
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50 Years of Secular Bear Run and continuing. More than the Tricolor, this should be on every Nationalists' desk.
HI Everyone, looks like another good trade for next week... GBP showing some bullish momentum, according to Macd the price is changing in momentum as well the price is testing the 50ma which means the price is trying to change the direction to an uptrend.. Price touched the main support twice and pulled back, price will most likely break the resistance trend line...