The GBP/USD (British Pound/U.S. Dollar) is the abbreviation for the British pound and U.S. dollar currency pair. Also called “the cable”, this cross belongs to the group of Majors. The GBP/USD tends to have a negative correlation with the USD/CHF and a positive correlation to the EUR/USD currency pairs. The Sterling is one of the four most liquid currencies in...
As We Talked in The Previous Analysis: The Price Broke The Support Level (1.07431 - 1.06950) . At The Moment, The Price Has Pulled Back to This Key Level Which Has Become The resistance Level. So, Let's Expect The Bearish Scenario: If The Market Breaks and Closes Below The Higher Low (1.06780 - 1.07245). We Will See a Bearish Move📉 TARGET: 1.05755🎯
Here's a brief analysis for a short idea on USDJPY: *Technical Analysis:* - USDJPY has been in an uptrend since January 2023, but has recently shown signs of exhaustion and correction is now likely. - The Relative Strength Index (RSI) has entered overbought territory, indicating a potential pullback. *Fundamental Analysis:* - The Bank of Japan (BOJ) has...
AUD/USD Sell for H1 Timeframe AUD/USD Sell 0.65329 TP1 : 0.65168 Tp2: 0.64990 This is an ideal for H1 trading. If you need more information, comment here .
GBPCAD has reversed after reaching a resistance zone and forming a bearish head and shoulders pattern, potentially driving the price further downward towards the targets indicated on the chart. Please note that this is merely a trading idea and not a signal. It could either succeed or fail, so I encourage you to conduct your own research and analysis before...
My Bias for NZDUSD is bearish at this time. (**Must wait for price action to further develop in order to go short**)
📢 Attention Traders: Get Ready for Next Week's Move! Hey everyone, exciting news ahead! 🚨 We're gearing up for another week of action, and our sights are set on USDCHF once again. 🎯 ✨ The Setup: USDCHF is holding strong in its buy zone, and the momentum is building. 💪 Our position is solid, and the market is showing promising signs as we head into the new...
🚨 Attention Traders: GBPCAD's Signature Dance Continues into Next Week! 📈📉 Hey there, trading enthusiasts! 🎉 I've got some exciting news for you all regarding GBPCAD, the dynamic duo of the British Pound and the Canadian Dollar. It seems like they're sticking to their signature moves, and I'm here to break it down for you. 💃💼 Picture this: GBPCAD has been...
Hey Traders, in tomorrow's trading session we are monitoring GBPCHF for a selling opportunity around 1.15100 zone, GBPCHF was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.15100 support and resistance zone. Trade safe, Joe.
FX:EURUSD LONG TERM LONG IDEA 1.0850 TP As we navigate through the complexities of the forex market, the EUR/USD pair has been a focal point for traders worldwide. With the current exchange rate hovering around 1.07 USD for 1.00 EUR1, the question on everyone’s mind is whether the Euro can strengthen to reach the 1.0850 mark against the US Dollar in...
This is my Setup for GBPCHF. If we look at market on 4 Hour time-frame, it has given a CHoCH and for this reason i am posting this setup to go Short. But traders has to be carefull and wait for LTF confirmation, possibly CHoCH on 1 hour after mitigating our POI. Because can not ignore the behavior of market on Daily time-frame where it has sweeped the liquidity...
Price is coming down to a key area I expect a re test at that area and for price to go up
As seen on the 1hr time price has broken 1hr trend line and price has put in a double top at1.2500 level which lines up with the 50% fib on the D1 chart (from swing high to swing low ) GBPUSD price has gone further to break 1hr low .currently am on this trade as it mets all my entry boxes
The New Zealand dollar will soon start a downward trend in the 4-hour time frame. which is to complete the D wave piece from a triangle on the edge
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some days ago rose a little and then made a strong downward impulse to the support level, which coincided with the buyer zone, breaking the 1.0740 resistance level. After this movement, the EUR turned around and started to rise inside the upward channel,...
By looking at the chart in one-hour time, we can see that the market has corrected to the 50% Fibonacci range after a heavy decline, and we expect to rise to the 1.081 range in the market.
GBPCHF is in continuous upward momentum. A bullish continuation flag pattern has formed. A breakout of the high gives a good buy opportunity for good gains.