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GBP/USD 1.4100 Complete! Before: Sterling is sharply outperforming in similar vain to this time last Monday when most in the UK where absent due to the early May Day Bank holiday, and several factors are aligning to propel the Pound beyond key or psychological levels against its major counterparts. Indeed, Cable has breached the 1.4000 mark that has been impervious since late February and now looks primed for a run at the next round number with the aid of ongoing Buck weakness in wake of last Friday’s US labour data disappointment, but also after Scottish election results over the weekend revealing a win for the SNP, but a single vote short of the absolute majority needed to call another independence referendum. Meanwhile, UK Health Minister Dories has alluded to the possibility that very good data regarding vaccinations and COVID-19 developments could prompt PM Johnson to bring forward the next stage of reopening from lockdown.
Long
by FTUKcom
6
JUICY PROFITS!!!!! :)The currency pair looks like it is currently in a uptrend and could carry on for a couple weeks. As well, with the falling UK covid cases and high vaccination rate the economy is constantly looking to improve, along with new policies from the bank of England last week, Pound is looking very strong at the start of the week. On the other side, Japan are getting a sharp rise in covid cases, which isnt good for the JPY, as well as a constantly worsening currency over the past few months anyway, a long term long position on this currency pair is looking likely and good for those JUICY PROFITS. The currency pair looks like it should continue along the uptrend for a few more weeks at least. Just my idea, but for sure do your own due DD to discover if you would like to be part of the movement
Long
by simonbland
2
RISE MY PIPS!This is an interesting one! the pair hit the resistance at 85.00 and then started its short wave but around the mid point of the trend coloum it seems to have retracted with a strong reversal pip on the 4H time line. The STOC shows the buyers starting to take over as a crossover has appeared as aswell as a strong buy signal on the 1 hour timeline. the moving averages have crossed over and are looking towards a long position. Im entering after i receive a strong indication of the reversal taking place. TP and SL could be set in a 3:1 ratio for those juicy pip profits. My TP is set at 85.00. READY FOR THE JUICY PROFITS HERE!!!!!!
Long
by simonbland
USDCAD OVERSOLD? LOOK FOR THE RETRACE.HELLO ALL, USDCAD has been on a year long downward trend. Right now it is at a point that it has made a possible daily LL and is basically oversold on the Daily RSI. If price action indicates a retrace, a long for this pair should be an easy trade. Use daily fib to determine your possible tp and or more longs. Also look out for that retrace to possibly go to the 50 ema as it has done in the past. I am not a financial advisor, I am simply giving my opinion on this pair based on technical analysis and information a read and listen too. You all have a great weekend and good luck to all!
Long
by ThreePillarsTrading3
Bearish bias remains for the Dollar this week...The Dollar index looks quite comfortable at the moment above the 91.000 handle after Friday’s rebound to register a late peak for the week, but is off best levels between 91.190-390 parameters as several components claw back some losses and other majors derive a degree of traction via supportive fundamental and technical impulses. However, trading conditions are relatively thin at the start of the new month due to market closures in various countries, such as Japan (Constitution Day), China (Labour Day) and the UK (early May Bank holiday) awaiting the final US Market manufacturing PMI, ISM and construction spending before speeches from Fed’s Williams and Chair Powell. Bearish bias remains for the Dollar this week.
TVC:DXYShort
by FTUKcom
4
EUR retains a firm tone, but edges slightly off intraday peak...Hello everyone, if you like the idea, do not forget to support with a like and follow. Prior Chart: Euro has breached key chart resistance in the form of a descending trendline, but hit another obstacle at 1.2150 before waning amidst a barrage of mostly firmer than expected Eurozone data/surveys that should keep EUR/USD afloat along with 1.1 bn option expiry interest either side of 1.2100 (1.2095-1.2105 specifically).
Long
by FTUKcom
5
US30 FORECAST 4.29.21Good evening. This is my markup for us30. Fun fact: Currently learning candle stick patterns. tonight homework assignment is to identify 3 of the candle stick patterns we went over today. We are having, what we call a 3 pair challenge. Where we markup 3 pairs. adding in the candle stick patterns was a added bonus. Let me know how the charts looks and give me some feedback. Send 3 pair winning vibes only my way. Thank you !! Markup was done on the 1hr to get support and resistance zones. fib. was placed on the 15min and the 1hr. they both matched up beautifully. When price breaks out and closes below my .236 and gives me selling vibes. I will do just that.
OANDA:US30USDShort
by Keymc
Can we get a 4th bullish day in a row on GBP/USD...Sterling is still straddling round numbers vs the Buck and Euro at 1.3900 and 0.8700 in the absence of anything Pound specific to trade off, bar less deflationary BRC UK shop prices, while the single currency remains rangebound against the Greenback between broad 1.2100-1.2050 parameters with key declining trendline resistance above the big figure coming in circa 1.2109 today and almost aligning DMA/21 - WMA supports providing a cushion during small amounts of selling (currently at 1.2055 and 1.2053). The dollar remains on brief frim footing. The fiscal, inflationary and funding/issuance implications are all overshadowing what was a decent 7 year note auction and dovish-leaning expectations for the upcoming FOMC. Hence, the DXY has reset after another dip below 91.000 to eclipse yesterday’s best within a 90.897-91.127 range.
Long
by FTUKcom
25