BXY 11/11/2024 EXPECTING UP Pound looking good in a potential area for longing on the 4H chart so lets see what happens thanks for watching!
BXY Bullish OptimismHello there,
BXY has moved above the RSI 25 and crossed the RSI moving average (MA), indicating an attempt by the bulls to push the market higher from the oversold region.
If the price holds above the RSI MA, there is a greater likelihood of moving higher. The desired price target is 129.10.
More
Trend of British Pound Currency Indexthe detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern.
bear market turning into bull Market with GBP Crab.
Bullish crab pattern
It begins at point X and extends to point A. Point X may be anywhere on the price chart, but looking for a bull
British Pound Currency Index, heading where next?British pound currently is having a strong headwind to reduce the pound strengthen coming to the market in play. It just started and the strong headwind is the potential pause of the BOE rate hike coming in 2024 as the inflation CPI of 11% previously in 2022 by the UK CPI is currently only at 4.60%.
"Analyzing BXY's Descending Triangle: Waiting for a Breakout DirDescending Triangle Pattern: You've identified a descending triangle pattern on BXY's chart. This pattern typically consists of a horizontal support line and a series of lower highs, forming a triangle shape. It's considered a bearish pattern and often leads to a breakout in a downward direction.
D
BXY Analysis 10/10/2023As you can see with the current state of the BXY market, it is currently in and upwards trend creating higher lows consistently marked by the circles on the closes of the wicks. The red rectangle marks out the area where price was operating below my entry price on GBP/USD and as you can see the arro
Gbp index I expect gbp index to pull back to the oderblock/ discounted area
The price have been on the down trend since I expect a massive drop on gbp pairs for the next few years
BXY, Important, Crucial BEAR-Fractals, Setup of a Next Wave!Hello There!
Welcome to my new analysis of the BXY. Within recent times there are major factors moving the BXY as the inflationary pressures within the BXY are still increasing paired with a historically high interest rate of 5.25% that was seen the last time during the financial crisis of 2008
British Pound Plunges as Bank of England Holds Interest RatesI bring today is far from uplifting. As you may already be aware, the British Pound (GBP) has taken a significant hit in the wake of the recent decision by the Bank of England (BoE) to hold interest rates steady. This unforeseen turn of events has left many traders like yourself feeling disheartened
BXY Forecast| LL for PullbackBXY looks bearish on the daily chart. It has the potential to fall into the 124.30–123.34 range area for a WXY sequence and potentially retrace for a significant pullback.
The 123.34 level needs to be watched for any bearish continuation in that area.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
British Pounds WCO reached its highest quote on Nov 8, 2007 — 211.17 USD. See more data on the British Pounds WCO chart.
The lowest ever quote of British Pounds WCO is 102.00 USD. It was reached on Sep 30, 2022. See more data on the British Pounds WCO chart.
British Pounds WCO is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy British Pounds WCO futures or funds or invest in its components.