USD pauses, market pays attention to April core PCE data
ING predicts stability in USD currency pairs as investors await the release of the April core personal consumption expenditures (PCE) price index, expected on May 31. The firm believes that cross-asset volatility is likely to remain subdued in the coming weeks, which could spur the search for carry trades.
The U.S. dollar has also seen a sharp correction during this period, which I believe many traders have seen. The market has also put relatively much pressure on the US dollar. At the same time, it serves as the most valuable storage currency. There was also a sharp decline under the influence of geopolitical sentiment.
TVC:DXY
But I don't think the dollar...
Everyone must have seen yesterday’s analysis. Both GBPUSD and EURUSD are in line with my expected decline range of 500-1000. The US dollar also reached a high of 105.5. Oil is back at buying prices. Gold has also come to a profitable price.
At present, I simply observed the market. There is currently no better opportunity to earn the difference in gold or oil...
Last Friday up D1 bar for GBPUSD had a lower shadow and closed near the top, showing good buying pressure. Before that, bar D1 decreased but created a bullish pinbar, also showing buying pressure. The recent price behavior of GBPUSD D1 at this resistance suggests the possibility of a breakout from the most recent peak to establish an uptrend again.
GBPUSD H1...
Join us as we delve into the latest developments shaping the GBPUSD landscape. The Pound Sterling rebounded in the second half of the week driven by robust Q1 GDP figures from the UK's Office for National Statistics, indicating a resilient economy. With a growth rate of 0.6%, surpassing expectations, the UK appears to be steering clear of recessionary woes.
This...
Here on GBPUSD price has be moving down after the previous breakout so now forming a little downtrend so it like to break the trend and start going up so it expecting to wait till after the brakeout before going for buy so the expected targeting profit should be around a psychological level of1.27000. It also advisable to use money management .
The trend of the US dollar is as I predicted. This can be seen directly from the trend chart of the Asian market. The U.S. dollar index is currently showing an oversold rebound trend. The key thing to pay attention to is the pressure level above, which is around 105.3-105.5 to see if it can stand firm.
In trading, EURUSD and GBPUSD can be sold at a higher price...
Dear Traders,
Trust you are doing great.
Below is my outlook of the GBPUSD currency pair from Elliott wave perspective.
Expectation: Another upward wave targeting 1.27202 level.
Key Factors:
1. Presence of an upward motive wave pattern comprising five components (1)/(A)
2. Completion of a corrective pattern resembling an expanded flat
3. Correction...
hello traders this is the trade i took according to my system
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GBPUSD increased yesterday, but has not made any changes in the chart structure. The overview shows that the price is still moving sideways in an overall downward trend.
The latest price increase helps GBPUSD H1 establish a new high price peak, continuing the short-term price uptrend. Today you can catch retests to buy in line with the short-term uptrend. The...
GBPUSD extended the series of increasing prices, creating the strongest increasing day after yesterday. The D1 bar structure creates a bullish marubozu model reflecting good buying pressure. At this time, the price is located at an important resistance zone. An upside break from this price peak will help GBPUSD D1 establish an uptrend again.
GBPUSD H1 continues...
Hello, traders here is a setup of GBPUSD as you can see the market is bullish so now I will for the market to break the resistance zone (the green zone on the chart) then expect a pullback then I will look for bullish opportunities from there. What do you think?
Hello Traders; Hope you doing greats .
for this week I think we'll probably see a downward correction in GBPUSD and after that we can take a long position at Blue zone .
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GBP-USD is trading in an
Uptrend and the pair broke
The falling resistance
Which is now a support
Then made a retest and
Is going up again so I think
That we will see a further move up!
Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement and then rejects from trendline + liquidity zone.
Fundamental news: Tomorrow (GMT+3) we will see results of monthly and yearly CPI...
Hi fellow traders, GBPUSD is ready to make a move higher from the blue box after completing the correction. Target the 1.2725 level. Good luck and trade safe!
The cable (GBPUSD for newbies) is definitely of my favourite pairs. My previous plan was just really accurate, and i am here sharing a short term plan. I expect a drop tomorrow that could lead the price below the short term trendline, and i think this drop could push the price lower. I expect a bearish trend till Friday morning, where we could see a possible...
Greetings Traders,
GBPUSD is currently exhibiting bearish institutional order flow from a long-term perspective. However, there's a temporary bullish momentum as price approaches the H1 bearish order block, aiming to fill the liquidity void and reach the mitigation block. From there, we anticipate a continuation of the bearish momentum towards the daily Fair...
