The GBPNZD pair is approaching the top (Higher Highs trend-line) of the 7-month Channel Up and has already completed a +4.40% rise since its recent Higher Low. That is the exact rise % that the previous two Bullish Legs of the Channel achieved. As a result this is close to the most optimal sell signal we can get. Both previous Bearish Legs that followed such top...
GBP/JPY is rising towards the pivot which is an overlap resistance and could reverse to the support level which acts as a pullback support. Pivot: 204.73 1st Support: 202.54 1st Resistance: 205.98 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.29600 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.29600 support and resistance area. We Would also like to consider the recent soft CPI data in the US, easing inflation indicates that fed is...
The Cable (GBP/USD) is falling towards the pivot which acts as a pullback support and could bounce from this level to the 1st resistance which is also a pullback resistance. Pivot: 1.2906 1st Support: 1.2859 1st Resistance: 1.2988 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
GBPUSD - 24h expiry The medium term bias remains bullish. The sequence for trading is higher highs and lows. A lower correction is expected. Preferred trade is to buy on dips. Bespoke support is located at 1.2950. We look to Buy at 1.2950 (stop at 1.2910) Our profit targets will be 1.3050 and 1.3070 Resistance: 1.3010 / 1.3040 / 1.3070 Support: 1.2950 /...
GBP/AUD has reacted off the pivot and could drop to the pullback support. Pivot: 1.93431 1st Support: 1.92473 1st Resistance: 1.93909 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that...
A rampant GBP Post UK Elections and a dovish stance coming out the RBNZ have provided us with a significant rally to start to look short on (Carefully). If CPI comes in higher, we may see a reversal of the latest NZD sentiment, ultimately dropping GBPNZD (not a given). Short side bias comes at local highs, extreme push. Likely to weaken.
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84250 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84250 support and resistance area. Trade safe, Joe.
The GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around...
GBPUSD H4 We are trading very close to out 1.30 handle, this is our key area of resistance. Similarly we have DXY back down on our 104.00 support price. Our final element of support before a potential break and trend change. On the basis of the above, I would like to see a rejection of 1.30 as indicated and annotated. With targets of around 1.28500 initially.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPCAD has been overall bullish from a long-term perspective, trading within the rising channel in red. Currently, GBPCAD is approaching the upper bound of the channel. Moreover, it is also approaching the upper bound of the medium-term channel marked in blue. 🏹 Thus,...
I had been bearish looking for the trend to continue but it has now changed to bullish based on last week's price action. Looking for recent High to be broken.
The price is rising towards the pivot which acts as a pullback resistance and could potentially drop to the 1st support. Pivot: 0.84037 1st Support: 0.83687 1st Resistance: 0.84306 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Hello traders Regarding the daily chart we are in a bearish channel, a upward reaction to the bottom of the chart was seen however 0.8490 was a strong zone that coincide with middle of channel and make prices lower!! Mid term channel is bullish and we are around bottom of the channel, ready tp goes higher! Regarding the current chart while the general trend...
Hello Traders, We are still in a long-term channel. I expect more profit from my open positions and I may add some more volume on the bottom of the short-term channel. My TP: 1.03800 SL: below the zone
GBPUSD H8 We have traded just shy of our 1.30 psychological price level. We are looking to see some selling pressure come into play from around this price level, in hope we trade south back down towards this 1.28500 price. A more major considered area of support. From this zone, we would be looking to catch some long positions. A rejection of 1.30 would...
Throughout US economic history Only high real rates has brought down inflation i.e Interest rates ABOVE the rate of inflation obviously this will induce demand destruction and a decline in the earnings of companies Lower p/e's and lower prices across the board. #FinancialRESET #HOUSING #Nasdaq
The GBPAUD pair is trading almost exactly as we expected it to on our most recent analysis (June 04, see chart below), as after an initial rise, it got rejected on the Lower Highs Zone and declined to hit the 1.89100 Support (which was our Target) again: It is at the moment on a rebound, which according to the October - November 2023 fractal that we believe...