UK
EURGBP LongHey traders, EURGBP been respecting the support around 0.83 for quite long, currently we are waiting for the confirmation to go long around that zone, retail traders are long on GBP while we are planning to do the opposite and ECB seems forced to increase rates this year to face inflation. once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
GBPAUD KEEPS FALLINGSince Europe and UK would be hit hardest from fuel supply insecurity and the measures against the Russian Federation, investors moved their capital in less riskier currencies and GBP was hit by a sell-off.
On the other hand, Australia is not endangered by fuel supply insecurity, but the Reserve Bank of Australia did not raise the interest rate due to the concern that the wages will fail to keep up with the price increases.
Currently both MACD and RSI are showing a slowing down trend, but it is still early for a reversion. If the trend continues it might try to test it's previous resistance of 1.8248 from December. If we observe a reversion on the other hand, the instrument will first try its resistance of 1.8375.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
UKOIL approaching pivot, potential for rise | 23 Feb 2022On the H4, with price moving above the ichimoku cloud, we can expect bullish continuation from our entry at 96.14 in line with 38.2% Fibonacci retracement towards our take ptofit at 100.79 which is a strong resistance and in line with 161.8% Fibonacci extension. Alternatively, price may break entry structure and head for our stop loss, which coincides with the ascending trendline and 50% Fibonacci retracement at 93.84.
uk100 this is my view on chart next keep eyes on this. this is creat a inverted head and sholder form lower side. this a sing of weakness and last few days straling is quit bullish as my views