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JAPAN hit by covid cases and the economy contracted 1,2%Japan GDP growth drops 1,2% YoY, and it is followed by a increase in covid cases In the chart we can see: 76,4% FIbo could be the next support, because has already been tested the line after the breakout occured at 9AM GMT, and the top line of descending channel was tested twice after that, followed by bullish candles crossing EMA MACD and Signal is already above de 0%, and we can look at RSI, and it seems to be strong signal above 50
Long
by AFCapital21
GBP/USD -8/11/2022-• Bearish picture still intact for the pound • Dovish BOE, recession risks weigh on the sentiment • Technical picture points towards weaker pound in the period ahead • Bulls and bears fighting around the resistance line dating back to Feb 2022 highs around 1.36 • As long as bears are able to defend the trend line resistance, they still got the upper hand • Bulls need to regain 1.164-1.174 levels to turn the odds in their favor • Next support at 1.114-5 where strong demand was found
by RamziAbouAbdallah-CMT
GBPNZD testing support + newsPrice is testing the support for the 4th time, such as MACD. We can see the columns in MACDS indicator losing power, and the line crossing each other. About candles we've a three inside up after testing the support, show us a bullish signal. And to conclude the Reerve Bank of New Zeland says "economy will slow as rising rates curb consumption", the houses prices are still expensive; and this morning in NZ we had data about unemployment and employment, and: Unemployment: 3,3%, higher thand expected (3,2%). They though the rate was lower than last Q, but is the same as the previous and higher than expected. Employment: Higher than expected with a change of 1,3bp and the forecast was 0,5% --------------------------------- Dont forget about yesterday: BOE made a £838b stimulus and sold £750m of gilts
Long
by AFCapital21
EURGBP making HIGHER LOWSEURGBP is making HL, and with a support tested at October 17th, now with 3 HL we've the perspective about a short position, if more than one full boy candle cross the support. Because we've a descending triangle, but we need stronger candles to prove the short position, in fact of the support was tested during Tokyo and Sydney sessions, however the trend made another HL when testing the resistance MACD is also crossing again and will go down again, and with EMA we can see the line crossing the middle BB.
Short
by AFCapital21
Joe Gun2Head Trade - Playing a small range on GBPUSDTrade Idea: Buying GBPUSD Reasoning: Gap at 1.1170 providing support. Hoping for a quieter day in the UK Government?! Entry Level: 1.1216 Take Profit Level: 1.1430 Stop Loss: 1.1167 Risk/Reward: 4.3:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
7
September 28 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 1.61% over the last 24 hours and fell to an intraday high of $18,816.32. The largest cryptocurrency managed to rise above the $20,000 level early today, but the bulls failed to hold the price above the $20,000 level, suggesting the sellers remain active at the high levels. The bulls will attempt to push the BTC/USDT pair above the 20-day exponential moving average (EMA) ($19,552) to establish a relief rally. If the price maintained above the 20-day EMA, the pair could then rise to the 50-day simple moving average (SMA) ($20,786). The UK’s Financial Conduct Authority (FCA) added fintech unicorn Revolut to its cryptoasset register this week, bringing the list of companies permitted to carry out cryptoasset activities in the country to 38. The company previously operated under the FCA’s Temporary Registration Regime. Launched in the UK in 2015, Revolut now claims to have more than 20 million customers worldwide and making 250 million transactions per month. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
Watching both directionsLONG CASE FTSE has found its footing from the lows of yesterday and has started to build a 30min higher low structure, with the most recent higher low coming very quickly after the recent swing higher. Would need to see a clear break of the 7080 level and a backtest of support with a bullish close before taking a position. SHORT CASE Price action has been beat over the past week and the recent budget announcement has done little to quell fears of further inflation. The technical perspective is this resistance line at 7080 which is the only local level we have until ~7200. Would need to see a clear rejection of higher prices followed by a bearish close.
OANDA:UK100GBP
by RuckSack
The Bank of England steps in after pound hits record lowEUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔼 XAU 🔽 WTI 🔽 The UK’s “mini-budget“ with numerous tax cuts proved to be disastrous to the British Pound, as the GBP/USD fell to a record low. The currency pair briefly went below 1.0500, closed at 1.0684, and currently recovered to 1.0750. The Bank of England has swiftly responded by closely monitoring the market, and will adjust interest rates to control price levels while its currency weakens. Other major currencies too suffered from a strong greenback and recession fears, EUR/USD was last traded at 0.9606 with a low of 0.9585, and the Aussie/Dollar pair suffered fewer losses at 0.6454. USD/CAD returned from 1.3797 to 1.3732, gaining 137 pips. The Bank of Japan’s latest intervention did not stop USD/JPY from rising almost 130 pips, which closed at a high of 144.75. After declining to $1,622.53, gold prices just bounced back from $1,621.81 an ounce. WTI oil futures spiked to $80.00 but slid to a closing price of $76.71 a barrel afterward, citing potential supply disruptions from a brewing hurricane on the US southeastern coast. In the stock market, the slump in major US indices has slowed down, with Dow Jones losing the most at -1.11% to 29,260. A scheduled return of Chinese tour groups has cheered the entertainment sector, especially resorts and casinos, Melco Resorts & Entertainment Ltd (MLCO) jumped to 7.0696, gaining over 25% in the process. More information on Mitrade website.
by Mitrade_official
Today's forex news: UK borrowing plans sends the pound tumblingEUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 XAU 🔽 WTI 🔽 The British government announced its plan in response to the economic challenges, it proposed massive tax cuts and increased borrowing following the 50 bps rate hike last week. GBP/USD then plunged over 400 pips, to a three-decade low of 1.0401, finally recovering to a closing price of 1.0856. Meanwhile, recession fears have also haunted other non-US major currencies, the Euro / Dollar pair declined further to 0.9600, before closing at 0.969 - a level not seen since 2002. Later this afternoon, the German GDP and Business Climate Index will be available, as the market expects the German GDP growth for the third quarter this year to remain at 0.1%. AUD/USD fell to 0.6527, losing more than 110 pips in the process. The greenback climbed to 1.3589 against the loonie, currently higher at 1.3613. Risk-off sentiment also suppressed global demand for commodities, gold was traded lower at $1,643.57 an ounce, and WTI crude futures slumped to an eight-month low at $78.74 a barrel. Fueled by a strong dollar, Both US stocks and crypto markets recorded considerable losses, S&P 500, Nasdaq 100, and the Dow all lost over 4%, and Bitcoin broke through the $19,000 level to $18,935.0. More information on Mitrade website.
by Mitrade_official
The Bank of England raised rates by 50 bps as expectedEUR/USD ▶️ GBP/USD 🔽 AUD/USD 🔽 USD/JPY 🔽 USD/CAD 🔼 XAU 🔽 WTI ▶️ After the Federal Reserve's decision to increase the interest rate by 75 bps, the expected 50 bps rate hike from the Bank of England seemed tame in comparison. The UK fell on hard times as economic issues and the passing of its long-reigning monarch presented great challenges to the new Prime Minister, and the British Pound declined to 1.1257 against the greenback. On the other side of the British Channel, the European continent did not fare much better. EUR/USD recorded little change at a closing price of 0.9836, after returning from a high of 0.9900, still staying below parity. AUD/USD was last traded at 0.6643 with minor losses. In the US, the labor market displayed some signs of improvement, although the latest Initial Jobless Claims reading was at 213,000, it was slightly lower than the market estimates of 218,000. Riding on the waves of Fed rate hikes, USD/CAD fluctuated to 1.3487, but USD/JPY plunged to 142.35, rebounding from a low of 140.61. Gold futures were particularly volatile yesterday, swinging between $1,695 and $1,665, finally closing at $1,681.1 an ounce. WTI oil futures briefly went to $86.65 a barrel, but eventually traded flat at $83.49. More information on Mitrade website.
by Mitrade_official