GBPUSD is coming from a Higher high, the innital high and low of the day has been formed so following the daily bias of short, sell at the fair value gap with a stoploss of about 25 pips and a take profit of 75 pips
A slow start to the week with the US celebrating Martin Luther King Day will likely pick up for cable traders with a host of heavyweight economic data releases set to be released. On Tuesday the latest jobs and earnings data (November), Wednesday sees the release of the December inflation numbers, while at the end of the week the latest look at the UK high street...
We are going down today the stop hut and HOD has been formed
The dollar slid to its weakest since mid-November against major peers on Wednesday, after Federal Reserve Chair Jerome Powell said it may take several months to make a decision on running down the central bank's US$9 trillion balance sheet. In testimony at his renomination hearing on Tuesday, Powell said the U.S. economy was ready for higher interest rates and a...
•GBP/USD gained strong traction for the second successive day and shot to a near two-week high. •The risk-on mood forced the USD to prolong the post-FOMC slide and continue lending support. •The focus remains glued to the BoE policy decision amid worries over the Omicron variant fears. The GBP/USD pair shot to a near two-week high during the first half of the...
•GBP/USD could be on the road to 1.3050 eyed ahead of 1.2920. •UK's Covid-19 alert level has been raised to level four. •BoE and UK macro slated for three straight days of key events for GBP traders. At the time of writing, GBP/USD is idling 1.32 the figure after being in a range of between 1.3205 and 1.3216. There is a tendency to the downside on the charts...
•GBP/USD takes offers to refresh intraday low, fails to cheer monthly resistance break. •Bearish MACD signals, pullback from 200-HMA keeps sellers hopeful. GBP/USD refreshes intraday low near 1.3240, down 0.16% on a day ahead of Monday’s London open. In doing so, the cable pair reverses the previous day’s break of a descending trend line from November-end, as...
•GBP/USD fades Friday’s rebound, remains pressured around yearly low. •UK-EU Brexit talks remained lackluster, fishing rights, medicine supplies were the key hurdles of late. •UK escalates covid alert level, PM Johnson pushes for booster shots for above 30s. •Fed vs. BOE battle will be crucial, risk catalysts are also important as catalysts. GBP/USD grinds near...
•GBP/USD struggled to capitalize on the overnight modest recovery gains from a one-year low. •Reduced BoE rate hike bets, mostly disappointing UK macro data capped gains for the GBP. •An uptick in the US bond yields, hawkish Fed expectations acted as a tailwind for the buck. •Investors, however, preferred to wait on the sidelines ahead of the US consumer...
•GBP/USD bulls are stepping in at a critical level on the charts. •A break of 1.3205 is on the cards for the sessions ahead if bears commit below 1.3230s. Cable is on moving in on critical resistance within a broader downtrend that would be expected to extend lower. The bears will likely be encouraged further on a break below 1.3205 in the coming sessions. The...
GBP/USD seemed struggling to capitalize on the overnight goodish rebound from a one-year low. •Fresh COVID-19 jitters pushed back BoE rate hike expectations and undermined the British pound. •A modest pickup in the USD demand further held back traders from placing aggressive bullish bets. The GBP/USD pair held steady above the 1.3200 mark through the Asian...
We are going down, we have broken below the 200EMA and 20 EMA
Using Alexander Elders method i made a very amazing trade on a friday against all odds
FX_IDC:XAUUSDG ADR Value = 2609 Reached = NO Today's Range = 756 Today's High = 1902.23 Today's Low = 1894.77 Target High = 1920.86 Target low = 1876.24 To ADR High = 2224 To ADR Low = 2238 ENTRY = 1898.72 STOPLOSS = 1888.97 TAKE PROFIT = 1910.48
FX_IDC:XAUUSD ADR Value = 2693 Reached = No Today's Range = 641 Today's High = 1907.64 Today's Low = 1901.23 Target High = 1928.16 Target low = 1880.71 To ADR High = 2456 To ADR Low = 2288 The community Outlook shows Long = 58% short = 42% Alligator Awake = Yes (Down Trend) Sleeping = NO ICHIMOKU The chikou span = Below price and free Kijun-sen+ = Above...
FX_IDC:GBPCAD FX_IDC:GBPCAD ADR Value = 146 Reached = No Today's Range = 97 Today's High = 1.73014 Today's Low = 1.72040 Target High = 1.73497 Target low = 1.71557 To ADR High = 117 To ADR Low = 77 The community Outlook shows Long = 86% short = 14% Alligator Awake = No Sleeping = Yes ICHIMOKU The chikou span = Above price and free Kijun-sen+ = Price...
FX_IDC:GBPCAD FX_IDC:GBPCAD ADR Value = 146 Reached = No Today's Range = 33 Today's High = 1.73014 Today's Low = 1.72684 target High = 1.74141 Target low = 1.71557 To ADR High = 131 To ADR Low = 128 The community Outlook shows that 91% of the trades are short and 9% of the trades are long The Alligator is awake on the up trend The chikou span is free from price...
FX_IDC:GBPUSD ADR value = 119 Reached No Today's Range = 111 Today's high = 1.30633 Today's low = 1.29528 Target high = 1.30720 Target low = 1.29441 To ADR High = 32 To ADR low = 98 These numbers are suggestive of a Down Trend Intraday