Get started

GBP (British Pound)

GBPCHF_ShortRisk Disclosures: Investments in securities are subject to market risks, which includes price fluctuation risk. There is no assurance or guarantee that the objectives of any of the products mentioned in this document will be achieved. As a business, we offer stock recommendations based on technical research ONLY. We have not authorized any organization or firm to represent us and offer stock recommendations on our behalf. As a business, we DO NOT offer or involved in any direct or indirect execution services. Our services are limited to providing research based trading signals.
Short
by KForecast
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=147.55. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=148.6. TP4: R2=149. Set the stoploss of these orders at breakout of S2=147.3. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=147.3. In this situation, there is an expectation to reach the target S3=146.2. Set the stoploss of reverse orders at breakout of S1=147.55. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=147.2. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=148. TP4: R2=148.4. Set the stoploss of these orders at breakout of S2=146.95. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=146.95. In this situation, there is an expectation to reach the target S3=145.85. Set the stoploss of reverse orders at breakout of S1=147.2. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2725. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.2815. TP4: R2=1.2845. Set the stoploss of these orders at breakout of S2=1.2695. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2695. In this situation, there is an expectation to reach the target S3=1.2595. Set the stoploss of reverse orders at breakout of S1=1.2725. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity
GBPUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.288. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.28. TP4: S2=1.275. Set the stoploss of these orders at breakout of R2=1.292. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.292. In this situation, there is an expectation to reach the target R3=1.303. Set the stoploss of reverse orders at breakout of R1=1.288. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Short
by ForecastCity
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=147.6. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=148.4. TP4: R2=149. Set the stoploss of these orders at breakout of S2=147.35. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=147.35. In this situation, there is an expectation to reach the target S3=146.25. Set the stoploss of reverse orders at breakout of S1=147.6. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity
GBPUSD Short @ Market 1.2835Cable has resumed its downtrend and can test recent cycle lows. As we said in our Market Movers comments yesterday, Brexit discord (and high uncertainty) both within the UK and between the EU and the UK continues to keep sterling soft. Poor manufacturing data yesterday morning - the lowest PMI reading in more than two years - has also not helped. Technically, the long-term downtrend is well both well established and well known! Recently we saw cable bounce off its lows and form an ascending channel. However, prices have broken out of this channel today and have also importantly failed to keep above the July low around 1.2957. Zooming into the hourly chart we can see bearish momentum has broken yesterday's lows. This has triggered our sell signal. Place your stop above recent consolidation at 1.2895 and a limit order at this month's lows at 1.2665.
Short
by WaveRidr
A trading opportunity to Sell in EURGBPMidterm forecast: While the price is below the resistance 0.9305, beginning of downtrend is expected. We make sure when the support at 0.8965 breaks. If the resistance at 0.9305 is broken, the short-term forecast -beginning of downtrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested resistance zone (0.9045 to 0.9085). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.90450) Ending of entry zone (0.90850) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 53. Take Profits: TP1= @ 0.90050 TP2= @ 0.89650 TP3= @ 0.88950 TP4= @ 0.88500 TP5= @ 0.88100 TP6= @ 0.87250 TP7= @ 0.86200 TP8= @ 0.84000 TP9= @ 0.81200 TP10= @ 0.78400 TP11= @ 0.74950 TP12=@ 0.69350 TP13= Free
Short
by ForecastCity
4
A second Chance to Sell in GBPAUD...Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.7650 would begin in Midterm. We will close our open trades, if the Midterm level 1.7650 is broken. New trading suggestion: Price may also reach 1.7650, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion depends on personal strategies. If you missed our first HUNT, you have a second chance to sell below the suggested resistance line (1.7650). Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons : Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 1.7655 on 08/14/2018, so more losses to support(s) 1.7365, 1.7065, 1.6860 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 38. Take Profits: TP1 = @1.7995 TP2 = @1.7650 TP3 = @1.7365 TP4 = @1.7065 TP5 = @1.6860 TP6 = @1.6550 TP7 = @1.6160 TP8 = @1.5790 TP9 = @1.4375 TP10 = Free Trade Setup: We opened 10 SELL trade(s) @ 1.8170 (day close price) based on 'Peak' at 2018.04.27 signaled by our "Daily Trading Opportunity". Total Profit: 6736 pip Closed trade(s): 1500 pip Profit Open trade(s): 5236 pip Profit Closed Profit: TP1 @ 1.7995 touched at 2018.05.04 with 175 pip Profit. TP2 @ 1.7650 touched at 2018.05.23 with 520 pip Profit. TP3 @ 1.7365 touched at 2018.08.08 with 805 pip Profit. 175 + 520 + 805 = 1500 pip Open Profit: Profit for one trade is 1.8170(open price) - 1.7422(current price) = 748 pip 7 trade(s) still open, therefore total profit for open trade(s) is 748 x 7 = 5236 pip
Short
by ForecastCity
A trading opportunity to buy in GBPUSDMidterm forecast: There is no trend in the market and the price is in a range bound, but we forecast the beginning of uptrend. Technical analysis: There is a divergence in RSI and price between the trough at 1.3205 on 2018-05-29 and the trough at 1.2955 on 2018-07-19, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased. The RSI bounced from the uptrend #1 and it prevented price from more losses. While the RSI resistance #2 at 50 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 1.2955 on 07/19/2018, so more gains to resistance(s) 1.3170, 1.3280, 1.3460 and more heights is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. Trading suggestion: . We have already opened 9 BUY trade(s) @ 1.3127 based on 'a reversal candle (Valley)' entry method at 07.24.2018 in our suggested support zone (1.3050 to 1.2955). Beginning of entry zone (1.3050) Ending of entry zone (1.2955) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 1.3170 TP2= @ 1.3280 TP3= @ 1.3460 TP4= @ 1.3560 TP5= @ 1.3655 TP6= @ 1.3830 TP7= @ 1.3970 TP8= @ 1.4345 TP9= Free
Long
by ForecastCity
Can we expect a recovery in volatility?We can see from weekly that volatility became apparently small since 2017. weekly 140.000 - 155.000 Both of the upper and lower of the range are blank. Therefore, if you go outside one of the upper and lower ranges, it may be possible to expect volatility to recover. Since it is the most recent range, I will aim for both long entry and short entry as usual. << tactics >> If MPP (P) 146.041 functions as a support line, think long entry. The first limit is under YPP (P) 140.077 The second limit will be decided based on WePP next week. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
YPP does not work, does MPP work?eurgbp has been keeping a narrow range since May. As you can see, YPP (P) does not work and MPP (P) is functioning. As you can see from Weekly , it is a range quote in the long run. It seems that you can aim for long after confirming support of MPP (P). << tactics >> 1) MPP (P) 0.88187 is functioned as a support line. Long entry. The first limit is under WePP (R1) 0.88841. The second limit is under MPP (R1) 0.89194. 2) It is doubtful whether MPP (P) 0.88187 functioned as a support line. After penetrating downward, check if it functions as a resistance line and consider a short entry. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
[New Chart]: There is a new opportunity to sell in GBPNZD...Midterm forecast: While the price is below the resistance 1.9965, beginning of downtrend is expected. We make sure when the support at 1.9350 breaks. If the resistance at 1.9965 is broken, the short-term forecast -beginning of downtrend- will be invalid. Price may also reach 1.9350, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry is not according to Trend Hunter Strategy, and depends on personal strategies. Technical analysis: A peak is formed in daily chart at 1.9755 on 04/26/2018, so more losses to support(s) 1.9350, 1.9210, 1.9095 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index ( RSI ) is 51. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (1.9640 to 1.9835), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.9640) Ending of entry zone (1.9835) Entry signal: Signal to enter the market occurs when the price comes to "Sell zone" then forms one of the reversal patterns, whether "Shooting Star" or "Peak" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 1.9350 TP2= @ 1.9210 TP3= @ 1.9095 TP4= @ 1.8930 TP5= @ 1.8785 TP6= @ 1.8640 TP7= @ 1.8270 TP8= @ 1.7900 TP9= @ 1.7440 TP10= @ 1.6705 TP11= Free
Short
by ForecastCity
[the crossroads] Bearlish bat in GBP/NZD or triangle breakoutFrom the chart, the price is now at the crossroads, it's also a prefect example for technical analysis . It has already formed a bearlish bat from 2016.07-2016.05, and successfully reached the target price; Now, the D-point is converted to X point and form a bearlish bat again with the potential reversal zone made by 2.24BC and 0.886 XA. There is also a decline trend line above the PRZ zone But if you add up the uptrend line and you will see a triangle, the price also runs about 2/3 of the triangle, and the possibility of an upward breakthrough is increased. The RSI index diverts again I will continue to observe it. If I tarde on the wrong direction and fail, I will seekthe opportunities that I have made in GBP/JPY 0.20% ()
Short
by yitiancai