Iranian
GBPUSD 16th Dec As you can see, the GBPUSD makes triple top ( resistance 1.3513 ) from 13th Dec 2019 to now. Also, I see important support in 1.3195 point. At this moment, price accumulates between the resistance and the support.
In my opinion, it seems that the price will consolidate above 1.3500 and it is highly possible that the currency pair break 1.3513 and move toward higher levels ( 1.3816 and 1.4338 )
Alternative scenario: the price would go down 1.2800 area.
GRT 🚀HEY HO
Lets GO!
So you probably think Wtf IS GRT? well..
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but my true followers bought this at 0.11--0.2 already and now look at this chart :))
Ok then
see ya on MARS
LONG OR SHORT ? 🔥by the wave analysis I think we are in wave c , generally in my idea we'll have dump in GBPUSD
Evidently we have RD Divergence in RSI and MACD
and we have a support on 1.34192 if broke down we can sell and TP : 1.336 SL : 1.35190
Becarefull: the risk/reward ratio is low
Tell me your ideas 😊😊👍🔥
EURUSD Technical and fundamental analysisFUNDAMENTALS:
As relations between London and Washington improve, the situation for Europe over the Brexit agreement has become more difficult.
The head of the European Central Bank expressed his concern about the current state of the economy, saying that the central bank had not achieved its goals and that fiscal and monetary policies should continue.
An increase in expansionary monetary and fiscal policies will increase the circulation of the euro and thus reduce the value of the currency.
And in the current situation, the dollar is strengthening.
GBPUSD technical and fundamental analysisFUNDAMENTAL:
United Kingdom:
The Bank of England has said it is looking more closely at sub-zero interest rates.
With the tripling of the number of coronavirus cases, the UK economy is facing unemployment and problems with the Brexit agreement.
Lower interest rates increase liquidity and increase commodity prices, thus reducing the value of the currency.
There is a principle in capital markets, which says, "Buy in the time of gossip, sell in the time of reality."
United States :
The US commodity price index has reached a strong resistance.
Treasury bonds are likely to rise.
As a result, the dollar strengthens.
US economic indicators have weakened in the past week, and that will raise concerns.
US economic indicators for next week should be carefully examined.
TECHNICAL:
In the diagram you see, I used the (SPEEDLINE) technique.
I use this technique to determine the speed of the process.
If you are not familiar with this technique, let me give you another diagram:
You can see the price channel trend in this chart.
This price channel has been broken by a powerful candlestick .
The price has returned, the main trend line of the channel has become a resistance for the price.
I used another technique to confirm that everything is ready for sale.
I used the "hand fan" technique
Points 1, 2 and 3 are the points of my technique.
Breaking the trend line of zone 3 is another confirmation of this pattern for price reduction.
Check the news and economic factors carefully.
Good luck