Current Resistance Level: GBP/EUR is currently facing a resistance level. If the price breaks above this resistance, it could signal a potential bullish breakout. Next Target: After the breakout, the next key resistance level becomes the target. Bullish Pattern: There is also a potential bullish pattern forming, which could further support the breakout...
The Pound Sterling has continued to underperform against the US Dollar, following a series of key economic events. Initially, on Friday, the USD experienced a brief weakening after the release of the ADP Non-Farm Employment Change and Unemployment Claims, which pointed to weaker-than-expected economic signals. U.S. employment growth for August came in below...
After a bearish weekly candlestick, GBPUSD firmed a endless pullback and tried to BO above last high that was unsuccessful and pushed price lower. Endless pullback, lower high, double top and now bearish BO are signs that Pound sterling can weak against US Dollar. Trade safe. Good luck.
GBP/USD is another “goes lower in the bad times” asset - this time in the forex market - USD is the haven currency and GBP for whatever reason is deemed more risky. GBP/USD had broken out to multi-week highs but stuttered since. This could be a natural pause before the upside moment resumes or this is a ‘fakeout’ and we’re heading for another test of the...
#GBPUSD.. pound placed a reasonable high in last couple of days and specially last month closing is good favor of sellers. And the area for daily chart is 1.3170 around so if market hold it now then drop expected. Stay sharp guys. Good luck Trade wisely
My expected analysis for the week is that price will slow down at market open and potentially sell off from the 16-hour supply zone. Once price enters this zone, I will wait for an Asia high sweep and look for distribution on the lower time frames. If price breaks through this supply zone, there is an 18-hour supply zone where price might react. However, since...
On my view, GBPCAD now pullback to the channel line after his climactic reversal. Canadian dollar can strong again after some rate cut and Pound sterling can weak in this levels against other currencies.
Big bull channel, endless pullback, bear break out, pullback to sell climax and now, time to sell pound sterling against US dollar. Good luck.
Opportunity based on technical analysis ( Trend Break ) and also the current tension in the UK applying pressure on the Pound.
After breaking broad bull channel, Pound sterling is ready to goes down again. Yesterdays daily candle will push it lower against dollar and other currencies. Trade safe. Good luck.
GBP/USD has extended its decline after reaching our predicted supply area, as outlined in our previous analysis. (Link below.) Prolonged Downtrend Expected The current trend suggests that the price may continue to fall over the next few months, potentially reaching the demand area around 1.24 before experiencing a new bullish impulse. This aligns with our...
A surge in bullish bets on the British pound sterling by hedge funds and other asset managers has ignited concerns about a potential market upheaval. Aggressive positioning on the currency has reached a 10-year high, leaving it vulnerable to a sharp correction should the Bank of England (BoE) decide to cut interest rates this week. The data, sourced from the...
Broad bull channel, climactic reversal on top, bear breakout on top and major trend reversal can be cause of bearish movement in GBPUSD. Trade safe.
I'm looking for pound to be strong against Swiss in coming days your opinion regarding GBPCHF will be appropriated👍
The GBP/USD pair has retraced to 1.2618 against the US Dollar (USD) during Tuesday’s London session. The pair's weakness is attributed to risk aversion among market participants, driven by uncertainty ahead of Federal Reserve (Fed) Chair Jerome Powell’s upcoming speech and the United States (US) Nonfarm Payrolls (NFP) data for June, scheduled for release on...
It clearly shows us a shift in Daily TF, So it act accordingly to weekly bias or in a coordinated TF. When it come to H4, You see a shift and outside formation. So we anticipate to take liquidity in H4 outside formation which is similar to weekly bias.
It clearly shows us a shift in Daily TF, So it act accordingly to weekly bias or in a coordinated TF. When it come to H4, You see a shift and outside formation. So we anticipate to take liquidity in H4 outside formation which is similar to weekly bias.
Pair: GBPNZD Action: Buy RRR: 1:6 SL: 2.06221 TP: 2.09800 Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the...