🔝 GBPUSD: analytical forecast for 05-09.04.2021
🌐 The first swallow of a likely pause in growth is a 6% decrease in the outperformance of buyers according to current CoT reports.
Market volume is down 4% at the same time, indicating the likely corrective nature of a potential decline during the second half of the new trading week.
The nearest resistance level within the trading week is the weekly hedge resistance zone (1.3877).
In case a sell pattern forms from the 1.3877 price level, we expect a decline to the balance of the week (1.3745).
👉 In case of breakdown and fixation above the hedger zone we expect to reach the market maker loss level (1.3937).
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Market volume is down 4% at the same time, indicating the likely corrective nature of a potential decline during the second half of the new trading week.
The nearest resistance level within the trading week is the weekly hedge resistance zone (1.3877).
In case a sell pattern forms from the 1.3877 price level, we expect a decline to the balance of the week (1.3745).
👉 In case of breakdown and fixation above the hedger zone we expect to reach the market maker loss level (1.3937).
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Trade active:
⚠️ GBPUSD: retest option balance zone of the day
🌐 During the first working day of the current trading week, we expect the option balance zone of the day (1.3865-1.3771) to dissolve.
🎯 In case of formation of the pattern on sale in the price range of 1.3865-1.3890, decrease with the nearest target,- lower border of a zone of option balance of the day (1.3771).
The far medium-term support level is the weekly marketmaker balance (1.3745), which is reinforced by the close location of the limit buyers level.
🎯 In case of formation of the pattern on sale in the price range of 1.3865-1.3890, decrease with the nearest target,- lower border of a zone of option balance of the day (1.3771).
The far medium-term support level is the weekly marketmaker balance (1.3745), which is reinforced by the close location of the limit buyers level.
Trade active:
🌐 GBPUSD: strategic upside target - market maker loss
✍️ The closest upside target for today is the market maker's smallest net profit level (1.3937).
The main scenario for today is a successful test of that resistance and the subsequent decline towards the limit buyer (1.3830).
❗️ In case of breakdown and fixation above the price level of 1.3937 the subsequent resistance is the limit seller (1.3969).
The main scenario for today is a successful test of that resistance and the subsequent decline towards the limit buyer (1.3830).
❗️ In case of breakdown and fixation above the price level of 1.3937 the subsequent resistance is the limit seller (1.3969).
Trade active:
📣 GBPUSD: going to test the balance of the week again?
During the European session, expect a rise to the option balance level of the day (1.3859).
♻️ In case of false breakdown of the mentioned resistance we expect the subsequent rise to the limit seller (1.3883).
If a sell pattern is formed in the price range of 1.3859-1.3883, we expect a further decline before the end of the trading day.
🎯 Weekly balance (1.3742) is the ultimate downside target, option balance of the day (1.3773) is the intermediate one.
♻️ In case of false breakdown of the mentioned resistance we expect the subsequent rise to the limit seller (1.3883).
If a sell pattern is formed in the price range of 1.3859-1.3883, we expect a further decline before the end of the trading day.
🎯 Weekly balance (1.3742) is the ultimate downside target, option balance of the day (1.3773) is the intermediate one.
Trade active:
📆 GBPUSD: trading near balance of the week
🚫 The main scenario for today is a rebound from the upper boundary of the balance zone of the day (1.3809) and the subsequent decline to its lower boundary (1.3711).
Addition of positions on decrease in the volume of $20 million near the mentioned price marks additionally confirms it.
🔻 On breakdown and fixation below 1.3711 the next support is the limit buyer (1.3675).
Addition of positions on decrease in the volume of $20 million near the mentioned price marks additionally confirms it.
🔻 On breakdown and fixation below 1.3711 the next support is the limit buyer (1.3675).
Trade active:
💎 GBPUSD: will there be a consolidation below the balance of the day?
🏦 For the second week in a row the weekly hedger resistance area continues to be unwound.
Today during the day, we expect the option balance level of the day (1.3717) to be reopened.
In case of breakdown and fixation below the mentioned support, we are expecting the continuation of decline, with the option level at 1.3617, as a guideline.
💲 In case of formation of the pattern to buy near the balance of the day (1.3717), we expect the impulse increase to the balance of the week (1.3749).
Today during the day, we expect the option balance level of the day (1.3717) to be reopened.
In case of breakdown and fixation below the mentioned support, we are expecting the continuation of decline, with the option level at 1.3617, as a guideline.
💲 In case of formation of the pattern to buy near the balance of the day (1.3717), we expect the impulse increase to the balance of the week (1.3749).
