BXY outlook for next days BXY outlook for on daily is convincingly bearish - healthy bearish closure todays candle will be a further confirmation
BXY trade ideas
BXY ANALYSISThe falling wedge pattern can be seen here. upwards breakout was given, but the price came back to retest the breakout region.
Price made a double top, and double bottom, after which it broke its support.
if it bounces back then one can say that it will go towards its target, if the bounce fails then it will go down in the wedge again.
*News: Winters will be tough for UK/Europe. gas shortage, and increasing inflation. I think the price will go down.
BXY long Hey everyone, the pound is pulled up from the support level 119... the price will test the next resistance level of 121 and from this point either it'll break or it can slightly pull back to stay inside the falling wedge, regardless I think for long term the price will most likely rise.. Price can hit 126 if we see strong divergences using Macd..
Good luck...
BXYBXY weekly might have a bearish closure as this morning star pattern have appeared, most of the time the next candle is usually bearish (70% of the times ish). This bearish candle might hit 121.85 area before a continuation and hit the psychological level 130.00. Clean level with good res/sup history. Overall BXY bearish, but a such big retracement could appear.
!Do your own research too!
BXY Finished or Not? We can make a case here that this correction might be done but at the same time, I don't have enough data to back that up.
If we get an impulsive reaction out of here on the lower degree then I'll be more confident in that case, if not I am looking for another leg down into the Daily Support area which coincides with the Golden Zone.
BXY April SeasonalApril favors Bulls..!!!
interesting Fact for the month of April is when first week of April closes a red candle
then 5 out of 7 time bulls have taken control
plus we have bullish divergence on weekly charts
and a possible Double bottom
buy on dip recommended
BXY Forecast | Going UpThe 130.00 was a surprise, shattering, and ugly for the resistance at 138, so she will go there, soon. But for now, the price will move up for some joy.
Brent oil prices will increase then.
DXY SELLS/BUYSThere is a chance for the BXY index to rise or fall. This will be determined by the fundamentals that might be coming up. It is a good idea to stay alert on the GBP movements. Anything can happen. The best way to stay intact is to follow what the GBP Currency crosses are giving to you and exercise good risk management.
Forecast GBP indexForecast GBP index after FED raise interest rate. Maybe im wrong so use best money management. Thank you
BXY Turncoat SupportHi
BXY is bullish, but it's not clear how bullish because it is within a bearish zone.
The candle structure upon the 0.5 Fib has support from 135.39, but it seems weak.
-The 136.84 is the nearest target for BXY.
Happy Trading...
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; -it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
BXY, GBPXXX,Outlook for the first month of 2022After Creating W on the Weekly Order Block, there are some up coming long trades to be taken through Order Flow plus BTMM
One is a reversal off the H1 Bullish Order Block(turquoise) which is highly possible as that's an Immediate 4 hr ID50
The Other is a reversal off the H4 Bullish OB(Blue),Also an ID50 but would have trapped for lower liquidity targets then leave
BXY- GBP Currency Index Previous Monthly Candle was a huge Bearish move. Not expecting for price to shoot up.
Expecting more of a price continuation.
Daily Fib currently around 23.6%
4H Showing resistance and Sell candles forming.
If Pound drops it will go hand in hand with GBPJPY Analysis. See related Ideas
BXY Long CallAlthough still on bearish trend but I am counting on reversal from strong feb point. Will go for long from this point.
BXY SHORT IDEAThoughts on BXY being weak in the coming days.
I'll be shorting GBPXXX pairs coming week if I find a viable setup
BXY Strength AnalysisI've been observing the GBP index.... It's quite interesting as it has been flowing in line with d channel... It's down the Support channel of which we are mainly looking for the GBP on a Bullish perspective for the long run on...
This is only a trade idea as we don't just take this.. we have our rules for entering nmand exiting... Simply follow your own rules with this simple but powerful Analysis....✅
Remember....
FX Trading is Risky
Short BXYIncreased bearish pressure going towards the next support level. The increased desire for safe-haven currencies has investors looking into USD and JPY
bxygbp index needs a retest or a pullback at least
we will have to look at a dxy aswell inorder to to c gbp's next move
Trend pound indexI look trend GBP very strong at time frame H1, H4.
However GBP still same condition with covid-19 like other country, the first lockdown at there and AUD. Until now AUD not yet significant growth up.
