With a more Fundamental approach that was revealed recently, this is my own personal forecast going forward with this pair. - Cutting NI tax - Consumer prices slowly coming back down - Energy costs coming down We won't feel this impact for a while, over a few months or so when we see it in our Ingoings/Outgoings and have a bit more freedom to buy on luxuries. I...
The pair has been in a range for a while now. Analysts have been waiting to see how price would react around 1.27 for quite some while now. Fundamentally, the GBP is getting stronger than the USD. A recent breakout has occurred, on screen analysis details my thinking. UP THE POUND!!!
Price to reach up to the top zone where demand is spotted to then Sell once hit.
Market has overall been bearish. Originally missed a Sell opportunity earlier on in the market, analysis is showing hopefully a Re-entry for the major sell. 4H TF shows low highs and lower lows, perfect opportunity to catch one of the retraces for a perfect sell opportunity. Both retraces so far breached the 50MA, I assume the retrace will do the same again,...
AUDUSD has been selling decent recently, missing out on the first entry I have been waiting patiently for a second re-entry, I have found a possible entry using the Daily and 4 Hour time frame. As market is bearish, I predict a tipping point for the retracement that occurred before market closed, Support zones were measured using back testing on higher...
(4H Time Frame) Potential long term sell. Analysis showed market has previously broken its last support area which in turn has turned it into a Resistance zone. Indicators used to analyse charts also indicate that the market will sell. I believe the market will sell long term, potentially to the new support zone, however I have T/P early and will prepare for a...
(Daily Time Frame) Current market bouncing between Support and Resistance (Supported by BB). Predicting market will reach Resistance Zone again. From Entry, gain 121 PIPS, with a safety net of losing 30 PIPS. This was a difficult read for me, I do believe price will reach the resistance zone again. I have made sure my S/L is quite tight to my entry on the chance...
(Daily Time Frame) BUY Market is currently testing Secondary support zone. Indicators used show market is about to buy. Market has been in a downtrend for a while, but other time frames also show that the market is soon in for a buy.
(Hourly Time Frame) Head and shoulders spotted forming on the 1hr TF. To decrease noise I removed some indicators, however they also indicated a sell occurring in the market short term; - Ichimoku cloud indicates to sell - BB's indicating to sell, however the bands were getting tighter together. (Market bouncing between middle and bottom bb). The 50MA is currently...
Brief analysis, expecting sell (Daily Time Frame) Market hit temporary Resistance zone. Sticks identify sellers almost out performing buyers. Indicators also identify a sell is on the cards.
(Daily Time Frame) Market testing new support zone. 50MA pushing the market up. Market is breaking through the Ichimoku cloud. Predicting market will reach new Resistance zone. (Potentially top BB, red). Indicators show market will rise. Long term trade with many potential entries.
The market is currently going through a bearish channel. Each time the market reaches the resistance zones channel (downward red line), the market drops significantly. The Stoch also indicates that the market is ready for a sell. I predict the market will sell long term to the current lower BB (Green line) which will act as a support zone. (T/P).
(Daily Time Frame) Market has tickled Resistance Zone for a while, the 50MA has breached through the candle sticks indicating that the market will sell, as well as the Ichimoku Cloud narrowing, I am expecting a Long Term Sell. Could potentially bounce around Middle BB (Potential T/P area).
(Daily Time Frame) Market has tickled the Resistance zone for a while, however the market is beginning to sell along with the indicators proving this, I expect it to be a long term sell given my evaluation.