Get started

Poundsterling

GBPCHF: Important Breakout & Coming Changes morning traders, we saw a massive expansion on GBPCHF yesterday. with a huge high momentum bullish candle the pair has broken through a resistance line of an ascending triangle on a daily. that breakout opens a potential for further bullish continuation to major red resistance. I missed that rally and look for opportunities to be involved in this bullish continuation. the closest safe buying area is based on the rising trend line of a triangle and its broken resistance. within this demand area, I will try to buy the market. there is no guarantee that the price will drop there, but if it does, then we will trade :)
Long
by VasilyTrader
7
GBPNZD: Looks Bullish!!! GBPNZD was consolidating for quite a while within a narrow hourly trading range. the price formed a triple top there and finally, we see a breakout of the range to the upside. it will most likely trigger a strong buying reaction and the price will go much higher. goals: 1.9525 1.9572 (+ if you check daily/weekly chart you will notice that the price is trading on a strong horizontal structure atm, it increases the chances of a coming bullish wave)
Long
by VasilyTrader
12
GBPCAD: Bearish Continuation morning, traders! GBPCAD has reached a strong resistance cluster two days ago, the resistance area is based on a confluence point between a horizontal 4h structure and the resistance line of a falling parallel channel. on the hourly time frame, the price formed a double top with a lower high, confirming the strength of the underlined yellow structure on 4H. during US session the price has violated its minor support and now trading below. bearish continuation looks highly probable. goals: 1.7 1.694
Short
by VasilyTrader
25
British Pound/US DollarHere's something I'm currently working on with the British Pound/US Dollar. Why do I believe that Price Action will head further down? 1. P.A. broke a huge O.B. last week ($1.2980-1.3035). Precursor. 2. A new O.B. had formed ($1.3062-$1.3082) at the peak after breaking through the previous O.B. 3. The green candles underneath current price signifies potential *profit margin*. 4. Even though the previous O.B. was broken, it can still push price down to some degree. What if it does the opposite? I'll readjust, and wait for a B.A.R. of the $1.3062-$1.3082 levels to take it to the upside. We shall see... Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
by ChrisJTradesFX
3
Weekly recap: Pound’s Attempts to Reverse See Substantial GainsGBP/USD Last week, 28th September – 4th October, cable was on a tear, being supported by good GDP stats released on Wednesday. However, the upside price action remained under pressure from the lack of a breakthrough in Brexit trade deals talks between the EU and the UK. With the end of talks on 16th October, the negotiators have two weeks to reach a consensus. On Monday, 28th September, GBP/USD opened at 1.2770, 30 pips above the previous week’s close. Rising as high as 1.2930, the pair closed the day at 1.2829. The price continued edging up on Tuesday and Wednesday, closing above 1.29 on Wednesday’s trading session. Rollercoaster volatility was seen on Thursday, with the price going from 1.2950 to 1.2819 between 5:00 and 9:00 UTC, rising as high as 1.2978 in the subsequent four hours, to close the day at 1.2884. On Friday, the pair recovered the losses undergone throughout the day and closed in the green at 1.2929. The cross rate is still currently in a downtrend because last week’s high was still below the previous high recorded on 17th September. However, this upswing price action consistently going throughout the week is a good indication of buying pressure behind the British Pound. On top of that, the pair bounced off the lower boundary of the uptrend price channel that has been following the GBP/USD price action from 18th May. This clearly shows that the market still sees positivity in the British economy, even despite the lackluster developments in Brexit trade deal talks. The closest goal at hand for GBP/USD in reversing the downtrend is breaking through the 1.3021 daily resistance level. Once the price capitalizes above it, the downtrend will be over, and move buying volume will start to accumulate, adding to cable’s recovery. GBP/EUR On the week of 8th September, GBP/EUR opened at 1.0954, following the moderate upside retracement in the pair a week before. The GBP/EUR trading has been very mixed, with green and red candlesticks alternating throughout the week on the daily timeframe. Traders tried to take down the 1.1055 daily resistance level in one aggressive upswing on Monday, but that was doomed to fail, with selling orders placed right above it and the 50-day SMA clearly adding to the downside pressure on the pair. After that, volatility cooled down, and the price closed slightly below Monday’s open on Tuesday. Later in the week, mixed trading continued, with sellers and buyers trying to take the upper hand within a limited price range with no clear result, which indicates a lack of clear reading of the market situation and divided sentiment. On Friday’s session, the pair edged slightly higher, being propelled by the negative CPI (0.2% versus 0.5 market consensus) and core CPI (-0.3% versus -0.2% market consensus) in the eurozone. However, the price edged higher to run into the 50-day SMA, which continues to put pressure on the pair’s upside attempts. On top of that, the 1.1055 is another key barrier, which is where the sellers are ready to drive the pair lower once it comes close. Breaking above the 50-day SMA and the 1.1055 level is clearly seen as key things for continued EUR/GBP upside price action, and both barriers are the sellers’ last lines of defense. With the ongoing uptrend that began on 13th September, the trend power is on the buyers’ side, but the lack of a breakthrough in Brexit trade deal talks may tilt the balance in sellers’ favor.
B
by KonstantinAnissimov