The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support. Pivot: 1.2673 1st Support: 1.2606 1st Resistance: 1.2740 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...
The Bank of England's Monetary Policy Committee (MPC) voted 7-2 to keep the Bank Rate unchanged, aligning with broad expectations. Swati Dhingra and Dave Ramsden again voted to lower the rate by 25 basis points to 5.00%. The BoE indicated that as part of the August (rate cut) forecast, the Committee will review all available information to assess whether the risks...
Based on the provided chart for the GBP/USD 4-hour timeframe, here’s the technical analysis: ### Observations: 1. **Current Trend**: - The pair is currently in a downtrend, with a series of lower highs and lower lows. 2. **Order Block (OB)**: - An order block is identified around the 1.2700 level. This zone often acts as a significant area of resistance...
As I wake, bake, and review...I'm trying to keep my mind thinking in probability. Understanding that anything can happen and to be prepared to take advantage.
Looking for the current trend to continue. If we see more bearish pressure step in this week we will be ready. Things still look slightly indecisive so being cautious.
Hey Traders, in the coming week we are monitoring GBPCHF for a selling opportunity around 1.13900 zone, GBPCHF was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.13900 support and resistance zone. Fundamentally with the current risk on the EURO with French election...
Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.26600 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.26600 support and resistance area. Trade safe, Joe.
As July kicks off, the EUR/GBP pair is entering a period of seasonal strength, supported by historical trends and favorable technical indicators. Historically, EUR/GBP has shown a tendency to perform well during this time of year, and this seasonality is further bolstered by the latest Commitment of Traders (COT) report. The report indicates that the Euro is...
Hello traders, The mid-term trend is bearish but we witnessed a reversal to the bottom of the linear regression channel. the short-term trend is bullish. There are two possible scenarios. reversing from current zone and reversing from the base zone. Remember that breaking below the 1.2650 is sign of a trend change. In case of reversal from current zone we we...
The GBPCAD pair is on the latest Bearish Leg of the underlying Channel Up (blue) pattern and is about to test the 1D MA50 (blue trend-line) for the first time since May 14. Once the 1D MA50 breaks, we expect a continuation of the Bearish Leg all the way to the bottom (Higher Lows trend-line) of the Channel Up. Since 2023, -2.66% to -3.08% pull-backs have been...
Hello guys, Relatively straight-forward idea here. Price took out buyside liquidity in the form of equal highs, on an additional level outside the view of the chart as well. This is a trade to retrace back into a discount and take out sellside liquidity, as well as return to a weekly BISI. Trade is illustrated at a market order at current price with stoploss...
The GBP/USD pair on the H1 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After...
GBP/CAD is rising towards a resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.75140 Why we like it: There is a pullback resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 1.75979 Why we like it: There is a pullback resistance...
GBP/AUD is falling towards a support level which is an overlap support that aligns wit the 78.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.90387 Why we like it: There is an overlap support level which aligns with the 78.6% Fibonacci retracement. Stop loss: 1.89407 Why we like it: There is a pullback support level. Take...
Price is rising towards a resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.2762 Why we like it: There is a pullback resistance level which which aligns with the 50% Fibonacci retracement. Stop loss: 1.2813 Why we like it: There is a pullback resistance...
The Cable (GBP/USD) is rising towards the pivot and could reverse to the pullback support. Pivot: 1.2756 1st Support: 1.2654 1st Resistance: 1.2812 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...
GBP/USD closed in negative territory on Thursday, snapping a three-day winning streak. The pair appears to find support on Friday around the 1.2660 area, a key level that could mark the beginning of a bullish rebound. Several technical indicators suggest a potential upside move from this support zone. The 1.2660 support area has emerged as a critical level where...
The GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Double Bottom Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Double Bottom...