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GBP

SONACOMS (TF|W|) Bullish view .SONACOMS stock analysis Potential breakout opportunity Chart Analysis : SONACOMS is displaying a strong breakout chart , indicating the upward movement in it's stock price. CUP & HANDLE Pattern : The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. VOLUME BUILDUP: volume buildup near the breakout zone . Increased trading volume is a positive indicator, suggesting more interest in stock and potential momentum
NSE:SONACOMSLong
by fzxzz
Bullish on GBP / USDIf you're trading in the foreign exchange market, then you'll want to keep an eye on the GBP/USD pair. The pair has been looking very bullish lately, and it looks like it could be on the rise. This is good news for those who are looking to make some profits in the Forex market. The GBP has been steadily gaining strength against the USD, and this could mean that there are some big opportunities for those who are paying attention. Of course, it's always important to do your research before entering any trades, but this could be a great time to get in on the action! The GBP/USD pair looks like it could be headed for some big gains in the near future, and we can't wait to see what happens.
by thewolfofdalal
The when, why, and how sterling reaches parityIn just two trading days, the probability that the sterling will fall to parity against the US dollar increased to 60% on Sept. 26 from 32% on Sept. 23 after the UK government's announcement of new tax cuts elevated concerns for the country's economy. Bloomberg estimates that the GBP/USD will have equal value before the end of 2022, based on sterling-dollar implied volatility . The value of the sterling was $1.0350 as of Sept. 26, marking a record low for the currency. Economists believe that the slump in the pound could force UK's central bank to enact another interest rate increase in order to support the currency, The Guardian reported. Capital Economics UK Economist Paul Dales told the paper that the Bank of England could raise interest by 100 basis points or 150 basis points. The weakness in the pound is being exacerbated by fears the UK economy is entering a recession after inflation breached the 10% mark in July, marking a record-high for the country. It elicited a promise from the Bank of England that it will "respond forcefully, as necessary" to curb the growth in the prices of goods and services. The path to parity The downward movement of the sterling follows the UK government's announcement of new tax cuts, fueling the concerns of investors and economists that the four-nation country's debt will reach unaffordable levels and further fuel inflation . It also comes after the Bank of England increased rates by 50 basis points, lower compared with the 75 basis-point hike of the US Federal Reserve . The government intends to finance its tax cuts with debt worth tens of billions in sterling. The UK Debt Management Office is planning to raise an additional 72 billion pounds before next April, raising the financing remit in 2022-2023 to 234 billion pounds. Deutsche Bank UK Economist Sanjay Raja said the tax cuts were adding to medium-term inflationary pressures and were "raising the risk of a near-term balance of payment crisis." Vasileios Gkionakis, a Citi analyst, echoed sentiments that the move will bring the sterling to parity with the US dollar , noting that "the UK will find it increasingly difficult to finance this deficit amidst such a deteriorating economic backdrop; something has to give, and that something will eventually be a much lower exchange rate." "Sterling is in the firing line as traders are turning their backs on all things British," said David Madden, a market analyst at Equiti Capital. "There is a creeping feeling the extra government borrowing that is in the pipeline will severely weigh on the UK economy." If it comes to pass, what then? The implications of the sterling being at parity with the US dollar boil down to how and where the money is being spent. When the euro was at parity with the dollar, there were winners and losers and the same could be expected if ever the sterling is at the same value as the dollar. For trading and exporters, the change in the exchange rate will surely be noticeable. In the US, a stronger dollar would mean lower prices on imported goods, which could help cool down inflation . The opposite could be anticipated for the UK as previous payments would afford lesser products if the two currencies are at parity. Accordingly, US companies doing business in the UK will see revenue from those businesses shrink if they bring back earnings in pounds to the US. However, if pound earnings are used in the UK, the exchange rate becomes less of an issue.
by BlackBull_Markets
💡Don't miss the great buy opportunity in GBPCHFTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.1658). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCHF is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 74. Take Profits: TP1= @ 1.1714 TP2= @ 1.1764 TP3= @ 1.1804 TP4= @ 1.1897 TP5= @ 1.1972 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
1
💡 GBPCAD - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 1.52450, beginning of uptrend is expected. We make sure when the resistance at 1.60016 breaks. If the support at 1.52450 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: A peak is formed in daily chart at 1.60020 on 06/17/2022, so more losses to support(s) 1.53533 and minimum to Major Support (1.52450) 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 37. Supports and Resistances: 1.80078 1.76000 1.73728 1.69541 1.66382 1.61707 1.60016 1.57750 1.56132 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
by ForecastCity_ME
2
💡Don't miss the great buy opportunity in GBPCHFTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.1683). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCHF is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 65. Take Profits: TP1= @ 1.1803 TP2= @ 1.1882 TP3= @ 1.1967 TP4= @ 1.2069 TP5= @ 1.2142 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2
💡Don't miss the great buy opportunity in GBPCHFTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.1628). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCHF is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 54. Take Profits: TP1= @ 1.1722 TP2= @ 1.1806 TP3= @ 1.1899 TP4= @ 1.1997 TP5= @ 1.2124 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2