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GBP/USD Analysis, Bulls vs BearsHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The GBP/USD has rallied a bit in the last few days where the Pair price jumped from 1.3571 to 1.3971, but the Bulls are struggling to pass the 1.39820 resistance line, if that would happen we could be seeing a big Bullish movement in the market price. The market is showing a lot of Bullish signs tho and is most likely to move in 1 out of 2 different ways in the next few days : Scenario 1 : The market price is trading near the resistance line at 1.39330, if a breakout happens the price most likely will be headed to the second resistance line 1.39820 where it will determine the outcome movement for this pair. If the Bulls were able to stay in control then it could be the beginning of a Good bullish movement. Scenario 2 : The market price is trading near the resistance line at 1.39330, if the bears were able to gain control then we could be seeing the price dropping to the first support line 1.38600 and then a battle will happen to determine the price movement, If the bears stayed in control then a Bearish movement could drop the price to the second support line at 1.37860 and that's were the main test between the Bears and Bulls will happen. Technical indicators are showing Bullish Signs as we see that : 1) The market price is above the 5 10 20 50 100 and 200 MA and EMA (Bullish Sign) 2) The RSI is at 55.37 showing great strength in the market and on its way to the overbought zone, and no divergences were found yet.(Bullish sign) 3) The MACD crossed the 0 line into a bullish state with a positive crossover between the MACD and the Signal line. (Bullish sign) 4) Bull/Bear Power is at 0.0083 (Bullish sign) Support & Resistance points : support Resistance 1) 1.3860 1) 1.3933 2) 1.3836 2) 1.3982 3) 1.3786 3) 1.4006 Fundamental point of view : The Bank of England (BoE) was pretty much as expected, with one dissenter and modest tightening seen over the forecasting period. GBP/USD saw a modest uplift in the immediate aftermath of the policy decision. The move was short-lived, however. In the view of economists at TD Securities, cable should remain fairly well-anchored around current levels. “The MPC voted to leave policy on hold today, with one dissent to reduce QE prematurely. There were two notable changes in the committee's communications: forward guidance was revised to acknowledge that some policy tightening would be appropriate by late-2024, and the sequence of tightening steps was revised, with a lower Bank Rate threshold to commence balance sheet runoff.” “While we would not be surprised to see an upward extension to test 1.3960, cable may struggle to advance much beyond 1.3985 without fresh catalysts.” “Solid support remains in place around 1.3875, with the 1.3835/1.3845 zone as the next attractor to the downside.” According to FXStreet This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
by GabiDahduh
2
NAS100 SELL ENTRY FOR 115 PIPSThis was a NAS100 Sell Entry Trade Idea for 115 PIPS profit on Thursday July 15/21 Please follow the ABC Breakdown to understand the psychology of this trade A) Nas100 was in an area of consolidation (accumulation/distribution) where price action was trading sideways B) At 10:15am EST, we had a bearish breakdown at a key support level 14880 C) We initiated a Sell Entry on the impulse candlestick break at 14880 support, where we watched for the close of the candle below the key support level. Bearish momentum continued to the downside D) Price action continued in the bearish direction creating lower highs and lower lows E) Take profit was around 14767 for a total of 115 Pips from the sell entry It is always important to scale out of your position by taking partial profits, and leaving the rest with a breakeven stop loss for further profits Thanks for the support Stock Sniper Trading
OANDA:NAS100USD
by StockSniperTrading
Everything about the Stochastic oscillator !!!!Hello everyone , as we all know the market action discounts everything :) A lot of people asked me about the Stochastic oscillator so i prepared this video for you guys explaining it please enjoy . or if you prefer to reading : First thing you need to know is that the stochastic oscillator is a momentum index just like the RSI it looks at the price momentum. A DR.George Lane developed it in the 1950s. So let us talk about the stochastic oscillator now it has 2 lines %K (blue color) and %D (Red color) this is how we use it : 1_ the Stochastic oscillator indicates overbought and oversold state of the market cuz the stochastic is a bounded indicator that means its bounded between 0 and 100 range ( above 80 overbought , bellow 20 oversold ) 2_we use it to identify buy and sell signals using crossovers: • If %K crosses below %D then it’s a sell signal • If %k crosses above %D then it’s a buy signal 3_Divergance between the price and the Oscillator We have 2 types of the Stochastic Oscillator: Fast and slow The difference between the Fast and Slow stochastic is: 1. The Fast stochastic is more sensitive than the Slow stochastic ( the most common problem for oscillators is the number of false signals that they give so the Slow stochastic tries to solve that problem ) 2. Slow stochastic smooths out the %K line by averaging over (d) period so let me make it simple the %K line in the Slow Stochastic is like the %D in the fast stochastic Now let us talk about the Formula %K=100. (C-Ln/Hn-Ln) Where C is the current closing price Ln is low in (n) period Hn is high in (n) period (n) Is the number of period and the default value for (n) is 15 Now the %D is calculated like this %D=average %K/ (d) period (d) Is the number for period and the default value for (d) is 3 Make sure to Follow and Like for more content If you have any questions please ask Thank you for reading & watching .
XETR:DAXEducation
by GabiDahduh
4
AUDUSD - Very good opportunity- ForecastHello Traders, Based on the time cycle zone (two vertical lines), there is a high probability of Trend reversal in AUDUSD m30. Starting point of the Reversal could be during the zone but It might continue upwards till the end of the zone (vertical line on the right) or few candles after that. I believe we will see the good reversal in m30 timeframe. Good luck P.S. Note that this analysis is my opinion and might be wrong. It is not a trading advice.
Short
by P_T_C
8
AUDUSD short opportunityHello Traders, I pointed out two channels on the chart in H4 timeframe, price is at the center line of the bigger channel (Pink) and at the top of the smaller one (Green). I expect to see a reaction here and I believe its good opportunity to go short in AUS/USD. My analysis is based on m30 so it is a short term analysis but there is a possibility of becoming a medium term. There is a time cycle zone (two vertical lines) in m30 timeframe which shows good time for strong correction or reversal. Make sure to Like and follow so you will receive notification of analysis update in a real time. Good luck P.S. Note that this analysis is my opinion and might be wrong. It is not a trading advice.
Short
by P_T_C