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GBPusd

the pair have third week down town move .. now clear break in to south meet support from last year .. there is still room for more drop .. hmm that is time for look correction - not sure ..
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GBPusd

the pair find suppot under 1.4 laevel , possible we can se corestion form this stage otherwise im wiat for another break ..
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GBPUSD

The price is quite uncertain in the south - I took a stop loss because I think that maybe it is the end of this movement and slowly you can expect a rebound in the upper ..
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GBPUSD TECHNICAL ANALYSIS

DAILY AND WEEKLY CHARTS ARE USED.
INDICATORS: FIB EXTENSIONS
Q3 will likely 1.32 handle of this pair. From the weekly chart below, the D-Leg of the extension will be the target, suppose the trendline on the daily chart below holds the pair, further rally is expected.
WEEKLY CHART:
DAILY CHART:
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GBPUSD TECHNICAL OUTLOOK

INDICATOR: ICHIMOKU KINKO HYO
CHARTS: DAILY AND WEEKLY
With current bullish monthly price action, we can possible anticipate higher prices onward to Q3. The Fibonacci extension from the march low, has its 100% price extension (1.3473) coinciding with the flat kumo in the weekly charts below. This is a plausible price target. On the daily chart, with price above the kumo and tenkan-sen in a buy mode, price is likely to rally further to previous resistance which aligns with the fib extension.
WEEK…
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Pound Targeting 1.3500?

The Pound could be targeting the 1.3500 round level in June. Exhibit A is the chart below. Notice how after a strong +900 pips rally from the lows the pair is now consolidating. The fact that we're currently quoted less then 200 pips below the highs signals to me that this is just a healthy retracement on the way to more gains. The UK election is coming up soon and that should act as a price catalyst as well.
But what could be our target? The nearest resistance level can be found at the 1.3448 s…
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Lack of Trends in EUR/GBP

The EUR/GBP opened April at 0.8496. During the month the pair traded to a high of 0.8590. From here we fell to a low of 0.8312, only to rally back higher.
The 278 odd pips of range is not a lot for one month of trading in a major currency pair. This underscores that apart from the direction, the volatility has been absent as well. We are currently quoted at 0.8426, barely 70 pips away from the month's open.
On the longer-term charts the bias toward range-bound trading is visible as well. On the …
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More of the Same in EUR/GBP

The EUR/GBP seems destined to continue in the path of mean reversion. Look at the daily chart below. After an initial bump to 0.9300 in October during the post-US-election chaos, prices fell back to the 0.8500 range. This is where we've been trading since around August of 2016.
On the second chart below we're seeing a similar picture on a lower timeframe. Here it's the 4 Hour chart that shows how during the last month (March) this currency pair exhibited a similar pattern. First we rallied stron…
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fxsurprise8 avatar

The EUR/GBP opened April at 0.8496, 10 pips above my forecasted price. During the month the pair traded to a high of 0.8590. From here we fell to a low of 0.8312, only to rally back higher. (see chart above).

The 278 odd pips of range is not a lot for one month of trading in a major currency pair. This underscores that apart from the direction, the volatility has been absent as well.

We are currently quoted at 0.8426, about 60 pips away from my target. Hopefully with some end of month luck I can get closer to my forecasted price of 0.8486.

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Cable to Rally Post-Brexit

I expect Cable to rally in the aftermath of the start of Brexit negotiations. First reason for this is the fact that the worst is now behind the UK. Markets have pummelled the Pound in the ground already discounted a lot of negative scenarios. Thus a positive surprise could led to large GBP rally.
The second reason is our first chart above. Notice the three bottoms pattern. Some may see an irregular Head and Shoulders formation. In any case it looks like the bears have checked out and the bulls…
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Let us ride the wave of GBPUSD


Cable opened the week lower after the weekend UK press report on the chances of a “hard” Brexit, and fell to 1.1980 in early trade before consolidating mostly above 1.2050 through the rest of the session. and there could be further downside to be seen in Sterling,
Technically, i am going to selling into strength, and right now the area at ( 1.2170 -1.2180) may provide the best to ride the wave with a SL placed above 1.2200.
Good Luck Traders
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Taniaemilystar avatar

Well done!

Sveetlana avatar

good job!

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