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GBPEUR trade ideas

EURGBP: A Trade You Don't Want To MissEURGBP: A Trade You Don't Want To Miss This is an analysis I posted before and nothing has changed so far. P EURGBP is testing an old weekly support zone that proved to be strong several times. Usually, we refer to normal support zones to observe the price reaction, but this time EURGBP is near a weekly area. We have to be cautious at the moment because EURGBP may go down a bit more, but overall should rise from the weekly support zone. The price tested this area in 2016, 2017, 2020 and 2022. After the start of the uptrend, EURGBP rose by nearly +400 to +900 pips during the uptrend. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
10
EURGBP Channel Down but short-term rebound expected.The EURGBP pair is trading within a 1-year Channel Down pattern since the November 16 2023 High. Three days ago the price made a Lower Low at the bottom of the pattern and rebounded. This was also on the 1.618 Fibonacci extension level, which based on the previous Bearish Leg, has high probabilities of sustaining a Bullish Leg. Assuming the symmetry with January - April 2024 holds, we turn bullish now on this pair, targeting the 1D MA200 (orange trend-line) at 0.84375. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
BUY EURGBP for bearish trend reversal STOP LOSS : 0.8272BUY EURGBP for bearish trend reversal STOP LOSS : 0.8272 Regular Bullish Divergence In case of Regular Bullish Divergence: * The Indicator shows Higher Lows * Actual Market Price shows Lower Lows We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this strong level of Support so we are looking for the trend reversal and correction push from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Long
by BALE_FX
4
A Weaker pound? 1. Baseline Scenario - Macro-Fundamental Bias Dovish. The Bank of England has cut rates by 25bps to 4.75%, with expectations of further cuts due to slowing inflation. Markets are pricing in two 25bps cuts by the end of 2025 with a 92% chance of a third 25bps cut, dispite the Labour Government's fiscal policy expected to be reflationary. There is also a 15% chance of a 25bps rate cut in December. - Short Term Sentiment Bias : Neutral. The pound is moving flat on an index level, indicating no strong short-term sentiment driving the price. 2. Risk Event Baseline - Event Description : Upcoming UK GDP data releases. - Monthly GDP (m/m) forecast: 0.2% (previous: 0.2%). - Preliminary GDP (q/q) forecast: 0.2% (previous: 0.5%). - Market Expectations : Markets are anticipating a slowdown in economic growth, with the preliminary GDP forecast significantly lower than the previous quarter. 3. Surprise Scenarios: - Negative Surprise: - Plan: If GDP data misses forecasts, reinforce bearish positions on GBP pairs. A weaker-than-expected GDP print could act as a catalyst for further pound selling, aligning with the dovish macro outlook and expectations of additional rate cuts.
Short
by Midas_Macro
1
How Exchange Rates Affect International BusinessesHow Exchange Rates Affect International Businesses Exchange rates directly affect the cost of goods and services in international trade and can have a substantial impact on a company’s revenue and profit margins. Foreign exchange risk refers to the potential financial impact caused by fluctuations in the value of currencies. Companies with cross-border operations are particularly sensitive to it. This FXOpen article looks at how changes in exchange rates influence different companies in general, why they can do it, and how they affect the operations of international business. Types of Exchange Rate Influence In essence, foreign currency exposure is driven by the uncertainty associated with the future exchange rates of two currencies and has a material impact on a company’s financial position. To gain a deeper understanding of the impact of this risk on businesses, it’s crucial to break it down into its primary types. Transaction Influence Transaction influence is a risk in international business that refers to the potential gains or losses arising from the conversion of one currency into another for immediate transactions. It arises from fluctuations in exchange rates between the time a transaction is initiated and the time it is completed. Imagine a British company invoices a European customer in euros but settles with the customer three months later. A shift in the EUR/GBP exchange rate during this period may noticeably change the final amount of funds received. Translation Influence Another aspect to think about is the relationship between currency risk and businesses that have subsidiaries in other countries. Translation influence, also known as accounting risk, primarily affects multinational corporations with affiliates operating in different currencies. It arises when these companies consolidate their financial statements by translating foreign currency assets and liabilities into the reporting currency. Fluctuations in exchange rates can lead to changes in reported earnings, which creates challenges for financial analysis and decision-making. Economic Influence Considering a more global risk, it’s vital to pay attention to the economy as a whole. The economic impact is long-term and can change a company’s overall competitiveness and value. It affects a company’s international investments and may influence its strategic decisions. For instance, the economic landscape can affect the relative prices of a company’s products or services. Thus, manufacturing in one country and selling in another may become unprofitable, and the company will have to find new markets. Factors Contributing to Exchange Rate Changes To better understand the foreign exchange risk in international business, let’s start with an examination of the factors that contribute to it. Three main areas to keep in mind are market movements, economic conditions, and political stability. Exchange Rate Volatility Exchange rate volatility is a foreign exchange market risk. You can track currency changes by looking at the movement of currency pair quotes on international exchanges and special platforms like TickTrader. Market players, namely large companies, banks, institutional investors, and traders, influence the quotes by their actions. When exchange rates are highly volatile, companies face greater uncertainty about the future. This may hinder forecasting and managing cash flows. Macroeconomic Factors Macroeconomic factors such as interest rates, inflation, and economic growth are something that multinational companies need to keep an eye on. Changes in these factors lead to shifts in the value of currencies, directly affecting international businesses engaged in trade and investment. To keep abreast of global and local economic news, you can gather information from a variety of reputable sources and regularly check the economic calendar. Political Instability Political instability in a country can disrupt the stability of its currency. Sudden changes in government, politics, or geopolitical events can lead to fluctuations in the value of currencies, creating a corporate risk for companies operating in these regions. To keep up with developments, traders may read the news regularly and use the Political Stability Index. It is one of the indices developed by the World Bank, and it measures perceptions of the likelihood of the destabilisation of the incumbent government. Impact of Exchange Rate on International Businesses Now that we’ve explored the nature and contributing factors of the exchange rate effect, let’s examine how it can affect international businesses across various dimensions. Financial Implications - Revenue and profit fluctuations. Foreign exchange rates can affect a company’s revenue and profits. Fluctuations lead to unpredictable shifts in the value of international sales and could enhance or worsen a company’s financial performance. - Cash flow challenges. Cash flow management becomes more complex. Currency fluctuations can impede predicting the timing and amount of incoming and outgoing payments. This often results in cash deficits or surpluses, making it harder to meet financial obligations. Operational Disruptions - Pricing and cost issues. Another business risk of a company is that currency fluctuations may disrupt pricing strategies. It may be necessary to adjust prices frequently, which will negatively impact competitiveness and customer relations. In addition, changes in the cost of imported materials may increase the cost of production. - Supply chain disruptions. International companies typically rely on complex global supply chains. Disruptions will affect the cost of imports and make it difficult to manage contracts with international suppliers, potentially leading to delays. Strategic Considerations - Expansion decisions. Exchange rates can influence a company’s decisions to enter a new market and expand operations. Perceived influences related to certain currencies or regions can deter or encourage expansion plans. - Mergers and acquisitions. Companies should assess how currency fluctuations change the value of target companies. This is important since the results of the assessment will show the potential success and profitability of a merger or an acquisition. Final Thoughts Understanding the types of exchange rate effects, the factors contributing to them, and the potential impact on financial and operational performance is critical to effective management. Adopting sound strategies to mitigate the effects of currency fluctuations will enable companies to thrive in the global market. If you are interested in participating in global markets, you can open an FXOpen account and start trading. We offer forex pair and stock, index, ETF, crypto*, and commodity CFDs, so you can easily diversify your portfolio and minimise the business risk of your company related to exchange rates. *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients.
Education
by FXOpen
3
Weekly CLS range. Looking for model 2 entry ...if looking to play on the CLS range edge entry model 2 of the CLS sequence. You are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. If we get the confirmation, I will look to position myself with my students and followers, as highlighted on the chart. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter
2
EURGBP - BOE decisions will make the GBP rise!?The EURGBP currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. In case of an upward correction due to economic data this week, we can see a supply zone and resell within that zone with a suitable risk reward. Reaching the demand zone of this currency pair will lead to scalp buying opportunities. The UK energy regulator has approved a £2 billion funding package to build a high-voltage “electricity superhighway” beneath the North Sea. This project, known as the “Eastern Green Link 1,” involves laying 196 kilometers of cable to transfer wind power from Scotland to northern England. The initiative is expected to supply electricity to approximately two million homes. Rachel Reeves, the UK’s finance minister, stated that the government aims to achieve broad and resilient economic growth. She also reaffirmed the Bank of England’s target of maintaining a 2% inflation rate. Andrew Bailey, Governor of the Bank of England, noted that inflation in the services sector remains above levels compatible with the inflation target. He stressed the need for close monitoring of this sector, as it reflects labor market developments. Bailey further mentioned that a gradual approach to easing monetary policy restrictions would help manage inflation-related risks more effectively. Meanwhile, the European Commission has warned of heightened risks in its economic outlook due to the war in Ukraine, tensions in the Middle East, and protectionist trade policies. The Commission estimates Germany’s GDP growth to rise by 0.7% in 2025, down from an earlier forecast of 1.0%. Additionally, public debt in the Eurozone is expected to increase from 89.1% in 2024 to 90.0% by 2026. Inflation rates are projected at 2.4% for 2024, 2% for 2025, and 1.9% for 2026. A Bloomberg survey revealed that economists now believe Germany may face a second consecutive year of declining output. Analysts expect Germany’s GDP to shrink by 0.1% in 2024 following a 0.3% contraction in 2023.A month ago, predictions still pointed to an economic slowdown only for this year. Fabio Panetta, a member of the European Central Bank (ECB), stated that persistent weakness in domestic demand might drive inflation below 2%. He suggested that the ECB should consider shifting toward a neutral or even expansionary monetary policy. Panetta noted that the Eurozone economy remains weak, with no turning point visible in the manufacturing sector. He emphasized the need for the ECB to adopt a forward-looking approach, as excessive tightening of current monetary policies is no longer necessary. Robert Müller, another ECB official, remarked that there is no need for larger-scale measures at this time. He also hinted at the possibility of a 25-basis-point rate cut in December.
Short
by Ali_PSND
1
BUY EURGBP for bearish trend reversal STOP LOSS : 0.8272BUY EURGBP for bearish trend reversal STOP LOSS : 0.8272 Regular Bullish Divergence In case of Regular Bullish Divergence: * The Indicator shows Higher Lows * Actual Market Price shows Lower Lows We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this strong level of Support so we are looking for the trend reversal and correction push from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Long
by BALE_FX
Potential bullish bounce?EUR/GBP is falling towards the pivot which acts as a pullback support that lines up with the 50% Fibonacci retracement and could bounce to the 1st resistance. Pivot: 0.8303 1st Support: 0.8268 1st Resistance: 0.8341 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Potential bearish drop off pullback resistance?EUR/GBP has reacted off the resistance level which has been identified as a pullback resistance and could drop to the 1st support that acts as an overlap support. Pivot: 0.8336 1st Support: 0.8301 1st Resistance: 0.8354 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
2