GBPUSD
EURUSDEuro was up 0.09% against the greenback, lets see how everythinh unfolds, ahead of the Fed's powel
GBPUSDDollar edges lower ahead of the feds powel, dxy down by 0.24% holding below 20 years high 0f 109.29, central banks increasing hiking rates by 75%
GBPUSD eyes 1.1730 on bullish RSI divergence, channel breakoutGBPUSD crosses the monthly bearish channel, also the 50-SMA hurdle, after briefly declining to the lowest levels since 1985. The corrective bounce takes support from the bullish RSI divergence where the lower low on the prices contrasts with the higher low of the RSI (14), which in turn suggests brighter chances of the pair’s recovery. As a result, the buyers are on the way to the three-week-old horizontal resistance area near 1.1730-40. Should the quote manage to remain firmer past 1.1740, the 1.1900 and the 1.2000 thresholds could please the bulls afterward.
Meanwhile, the stated channel’s upper line acts as the immediate support for the pair, around 1.1500. Following that, the weekly descending trend line surrounding 1.1400 seems to restrict short-term GBPUSD downside ahead of the lower line of the aforementioned bearish channel, close to 1.1340 at the latest. It’s worth noting, that the pair’s south-run past 1.1340 could keep grinding the quote slowly towards the 1.1000 psychological magnet. In a case where the pair remains bearish past 1.1000, the low marked in the year 1985 near 1.0520 will regain the market’s attention.
To sum up, GBPUSD seems to have seen enough of the downside and the bull’s turn is just around the corner. However, the fundamentals are the key and should be read carefully for clear directions.
EURUSD analysis eurusd weekly analysis we will see a sell
movement of 45 pips then upward movement
of 110 pips and then it will take a big sell route of 200 pips
GBP/USD bullish we are predicting GBP/USD to go 483 pips from our buy zone that a huge movement towards upside hopefully this trade will give all the traders a lot of data to make a lot of fortune
thankyou
EUR/JPY BULLISHwe have predicted EUR/JPY to move up from here till 1500 pips up at max this is the point we are certain for the pair to move upto, hopefully this trade will give you an idea of the particular trade and make a good fortune
USDJPY Bullish we have predicted GBPUSD TO move 161 pips upward hope yu will like this analysis of our
GBPJPY BULLISH We are predicting the pair to move 300 pips up from here till 164.280 and further more go up but for now we are hoping it go up 300 pips
GBPUSD BULISH we are expecting gbpusd to go up 90 pips up for now
hpe you will take full advantage of the analysis and make fortune ut of it
XAU/USD ANALYSISWe are expecting gold to move 1709.50 from 1701.50 almost 90 pips up from the currenct position and then there will be a huge sell momentum from 1709.50 till 1688 amost 210 pips from where we are executing the gold so hopefully you will take such opportunity and make a fortune out of this trade
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.13724
Next Zone area & horizontal swing Low support
1st Resistance
1.24353.
Zone area & horizontal swing high resistance
GBPUSD: Ending DiagonalTheory:
DIAGONAL:
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1.
Properties Of Diagonals:
Diagonals can be contracting or expanding type being expanding diagonal a rare one.
In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2.
In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2.
Types Of Diagonals:
LEADING DIAGONAL
ENDING DIAGONAL
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.
ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat.
After the termination of the diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal has began. (generally it retrace back to the wave-2 of the diagonal structure)
TRADING STRATEGY:
Buy GBPUSD with SL of 1.1590 and look for the upside target of 1.1760 and 1.1800
GBPUSD AnalysisSetup Contains:
1. Stop Hunt (Buy Side Liquidity)
2. Structural Breaks
3. Expecting Return to Current Range's Premium POI (OB/IMBALANCE)
FOLLOW PAFX & TRADE LIKE BANKS 💸
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.13724
Next Zone area & horizontal swing Low support
1st Resistance
1.24353.
Zone area & horizontal swing high resistance
GBPUSD portrays falling wedge at multi-month lowGBPUSD prints a falling wedge bullish chart pattern amid all the pessimism surrounding the UK economy and the hawkish Fed, not to forget the US dollar’s run-up. The recovery moves, however, need validation from the 1.1810 hurdle, as well as the 50-SMA resistance surrounding 1.1840. Following that, a three-week-long horizontal resistance near 1.2010 could test the bulls before directing them to the monthly high, currently around 1.2295.
Meanwhile, pullback moves could retest the lower line of the stated falling wedge, close to 1.1640, while refreshing the multi-month low. Following that, the 1.1600 and the 1.1500 round figure may entertain the GBPUSD bears before highlighting the year 2020 bottom close to 1.1410. That said, the cable pair’s south-run past 1.1410 will make it vulnerable to drop towards the 1.1000 psychological magnet.
Overall, GBPUSD bears seem running out of fuel but the recovery needs a strong push to convince buyers.
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.13724
Next Zone area & horizontal swing Low support
1st Resistance
1.24353.
Zone area & horizontal swing high resistance
GBPUSD bears prepare for fresh yearly low, 1.1620 in focusGBPUSD dropped consecutively during the last four days to approach the yearly low marked in July, before recently bouncing off towards 1.1800. The bears, however, appear more dreadful this time as the RSI has comparatively more space to hit the oversold territory than the previous south-run to refresh the multi-day low of 1.1760. That said, the 1.1760 level may test the sellers before directing them to a convergence of the three-month-old descending trend channel and 61.8% Fibonacci Expansion (FE) of April 25 to August 01 moves, around 1.1620. Should the quote fail to reverse from the 1.1620 support confluence, the March 2020 lows near 1.1410 will gain the market’s attention.
Alternatively, recovery moves remain elusive until the quote rises back beyond June’s low of 1.1935. Following that, the 1.2000 psychological magnet could lure the buyers. It should be noted, however, that the GBPUSD run-up beyond 1.2000 will challenge the convergence of the 21 DMA and 50 DMA, around 1.2080-85, which will be crucial to watch for a short-term trend change.
To sum up, GBPUSD is on the bear’s radar for a fresh yearly low as traders brace for the flash PMIs for August.
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.13724
Next Zone area & horizontal swing Low support
1st Resistance
1.24353.
Zone area & horizontal swing high resistance
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.13724
Next Zone area & horizontal swing Low support
1st Resistance
1.24353.
Zone area & horizontal swing high resistance
Go Long on GBPUSD/ #GBPUSD Analysisfirst start with monthly so as you can see price has already reached very respected support level and if you will open Monthly chart , you will find price has at very crucial level. and second if go to the weekly and daily chart you can see there is head and shoulder pattern has been formed and many more reason to go long from this level. in my views GBPUSD probably go up.
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.13724
Next Zone area & horizontal swing Low support
1st Resistance
1.24353.
Zone area & horizontal swing high resistance
