Traders, Let's delve into the forecasted path for GBP/JPY: Trend Analysis: Upon examining the daily chart, we notice a resilient bullish channel that, despite being broken previously, has resurfaced with vigor. Furthermore, the strength of bullish candles outweighs downward movements. Potential Obstacles: Anticipate some hurdles or resistances along the...
Non farm payroll is today and my projection for GBPUSD is that it will long, but for that to happen, I am projecting a retrace to the 50EMA where it is our area of interest before it buys to 1.27588.
GBP/USD H4 Bullish Channel: Opportunities for Both Long and Short The GBP/USD pair on the H4 chart currently exhibits a bullish channel pattern, offering potential short-term buy and sell opportunities depending on price action. Here's a breakdown: Buy Opportunity: 1. A potential buy entry could be considered near the current price as it hovers closer to the...
GBPCAD since the beginning of the week have been moving bearish and in respect to this, I plan to stick to the trend, the daily and the weekly also shows the bearish trend, and to follow this I expect this pair to retrace to the 50 Exponential moving average and we short to the 800 Exponential moving average.
We finally got a push to the upside after seeing price test the previous weeks low and reject. now we looking like we could break the highs on multiple time frames.
Here is a trade idea on the GBP/USD chart, 1h timeframe. There is a nice Breaker + Sibi that may offer a trade. It is critical that it comes at the right time.
The GBP/CHF pair on the M30 timeframe exhibits a bearish channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Let's delve deeper into the details: Key Points: Bearish Channel: The price has been trading within a downward-sloping channel defined by two converging lines: a falling resistance line and a falling support line....
I have analyzed and seen the weekly and daily timeframe being bearish, these are the main timeframes, so I went to the four hour timeframe to look for opportunity to short, then I spot the resistance zone just below the 50 exponential moving average, now expecting a retracement to the moving average then take shorts.
GBPAUD is expected to buy more after it makes it retracement to our support zone and our 50 Exponential moving average that correlates with the 50 moving average, then we buy to the net four hour highs.
Today's focus: GBPUSD Pattern – Consolidation Watch Support – 1.2665, 1.2610 Resistance – 1.2751 Hi, and thanks for checking out today's video update. We are looking at the GBPUSD today as the price continues to consolidate in a rough ending diagonal pattern. We have also chosen the cable as we have the UK rates decision to come out later today. Depending on...
The GBP/JPY pair presents a potential selling opportunity on the H1 timeframe, fueled by a recent bearish breakout from a triangular consolidation pattern. Key Points: Bullish Triangle Breakout: Though seemingly counterintuitive, the price has broken downward from a bullish triangle formation, characterized by converging resistance and support lines. This often...
GU is consolidating and staying within a range so I am now monitoring for a breakout from this range to possibly take out highs for the end of the month. It is the last day of the month before we hop into a new month with all the news pending I'm sure some opportunities are ahead.
#RNDRUSDT UPDATE Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about RNDR RNDR is getting a good bounce from this support level. We can see gain here upto 60%+✍
#GBPJPY UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #GBPJPY. #GBPJPY is going down. Here you all can see that a breakout has done after consolidation. We can a short entry here and our target will be the mentioned level. Stay and trade with us confidently....✍
In today's trading session, our focus is on EURGBP, where we are eyeing a selling opportunity around the 0.85800 zone. Technically, EURGBP is trading in a downtrend and currently navigating a correction phase towards the 0.85800 support and resistance area. Now, delving into the fundamental layer, we are inclined towards a bearish stance on the Euro due to...
The GBPJPY pair delivered the best sell signal possible on our last bearish call (November 30 2023, see chart below) as it got rejected exactly on the Higher Highs trend-line back to the Support of the Ascending Triangle: Today's analysis is on the 1D time-frame where you can see that the price then rebounded exactly on the 1D MA200 (orange trend-line) and...
The GBP/AUD pair on the H1 chart exhibits a bearish signal suggesting a potential decline in the coming hours. A recent downward breakout from a triangular consolidation pattern could offer a shorting opportunity. Key Points: Triangle Breakout: The price has been confined within a triangle formation, characterized by converging support and resistance lines....
GU moving Choppy cause its not ready to make the ultimate bear move yet. Looking for a breakout to the upside to set us up for a much better sell opportunity.