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Filtrar por etiquetas:  Medium Term Downtrend
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GBP/USD will remain strong

al_dcdemo Publicado 30 Jul como análisis en GBP/USD, Objetivo: 1.5725, Fecha: 1 de Septiembre, 12:00 GMT  en #Technical analysis #Boe #GBP/USD #Reversal #Rally #Lift Off #Medium Term Downtrend #Longer Term Uptrend #200 Week Sma #Summer Dolrums
Monthly chart:
Medium-term downtrend has broken longer-term uptrend, which is marked on the chart as a trendline that supported the pair in 2009, 2010 and 2013. After trading down to below 1.50 in January, the pair reversed all sub 1.55 losses in February and even broke above the big level. At that point it looked like a bottom is in place, but another push down followed as the pair declined all the way to 1.4566. It took off from there to then ran out of puff just below 1.60.
Weekly chart:
The…
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al_dcdemo 10 Ago

UPDATE 4: There are few important data points coming out in the week ahead, particularly UK labour market report. US retail sales and PPI have potential to move the pair too, especially if they overshoot expectations in either direction. Support is seen in 1.5400 - 1.5425 band, before July 8th low near 1.5325. Initial resistance shall come at 1.55 and then between 1.5530 and 1.5550.

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al_dcdemo 15 Ago

UPDATE 5: The pair reversed most of the last week's losses on Monday and then went pretty much sideways from there. However, higher highs and especially higher lows are noted as the pair edges towards the top of the five-week range. Despite the fact that it's still contained within the range, weekly candle body engulfs previous weekly candle body after price action sprang from the new range low last week. That looks bullish.

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al_dcdemo 16 Ago

UPDATE 6: Inflation and retail sales reports will be the next pieces of the puzzle that the market and indeed the BOE will receive. The US will also release their latest inflation figures. Technically, the pair looks poised to break above the recent range top near 1.5680. Stoploss selling could propel the pair to at least 1.5750, if not 1.58. Support is seen at 50 DMA (~1.56).

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al_dcdemo 28 Ago

UPDATE 7: Price action in the pair was similar to that in the Euro, even though it started from a completely different (range-bound) context. After peaking above 1.58 on Monday, the pair turned lower and traded down to 1.5325, breaking all three (50, 100 and 200) SMA along the way. However, the latter was broken only briefly and then the pair pulled back above it. Despite that, weekly candle looks bearish.

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al_dcdemo 29 Ago

UPDATE 8: It's a bank holiday on Monday on the island, but the rest of the week promises to be lively as we will get the three major PMI reports from the UK and ISM Manufacturing PMI, ISM Non-Manufacturing PMI and NFP reports from the US. 200 DMA has to hold if the pair is to stay in 1.53 - 1.59 range. Otherwise, retest of 1.50 in the days/weeks ahead may become quite likely.

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GBP/USD will hold onto its gains

al_dcdemo Publicado 30 Jun como análisis en GBP/USD, Objetivo: 1.5725, Fecha: 3 de Agosto, 12:00 GMT  en #Technical analysis #GBP/USD #Reversal #Recovery #Lift Off #Medium Term Downtrend #Longer Term Uptrend #Three Leg Correction #Bullish Market #200 Week Sma
Monthly chart:
Medium-term downtrend has broken longer-term uptrend, which is marked on the chart as a trendline that supported the pair in 2009, 2010 and 2013. After trading down to below 1.50 in January, the pair reversed all sub 1.55 losses in February and even broke above the big level. At that point it looked like a bottom is in place, but another push down followed as the pair declined all the way to 1.4566. It took off from there to then ran out of puff just below 1.60. It is poised to cl…
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WallStreet6 28 Jul

Another great analysis! Also included some macroeconomic situation! Great stuff and only a bit over 100 pips to go!

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WallStreet6 28 Jul

As the GDP came on target I think that the cable may continue it's run upwards this week.

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al_dcdemo 31 Jul

Thanks! Let's hope for an early Monday rally. :)

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al_dcdemo 31 Jul

UPDATE 9: Among seven major currency pairs, Cable was the winner of the week. Solid preliminary GDP report was a big part in Sterling's gains, in line with the backdrop of hawkish BOE. Yet the Dollar was strong too and, thanks to the positive signal in the FOMC statement and solid Advance GDP report, the pair remained range-bound for the third consecutive week.

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al_dcdemo 1 Ago

UPDATE 10: Next week is the first one of the month and, as usual, it comes with plenty of economic data points. NFP will again be in the spotlight but for the British currency the first BOE meeting in the new format will be even more important. Range top is found near 1.5675. Initial support is seen near 1.5550 but the stronger one lays at the range bottom around 1.5475.

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GBP/USD to remain well supported

al_dcdemo Publicado 30 May como análisis en GBP/USD, Objetivo: 1.5525, Fecha: 1 de Julio, 12:00 GMT  en #Technical analysis #GBP/USD #Reversal #Lift Off #Us Data #Medium Term Downtrend #Longer Term Uptrend #Us Dollar Strengh #Three Leg Correction #Bearish Sentiment
Monthly chart:
Current medium-term downtrend has broken longer-term uptrend, which is marked on the chart as a trendline that supported the pair in 2009, 2010 and 2013. After trading down to below 1.50 in January, the pair reversed all sub 1.55 losses in February and even broke above the big level. At that point it looked like a bottom is in place, but another push down followed as the pair declined all the way to 1.4566. It reversed from there but ran out of puff just above 1.58.
Weekly chart:
…
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al_dcdemo 7 Jun

UPDATE 4: 50 and 100 DMA held the declines on two occasions in the past week and will remain the most important levels to watch in the week ahead. The pair will need to break below both averages to confirm bearish bias. If not, trading back above 1.5350 will establish bullish tone and 200 DMA, which currently sits just above 1.55, will come back into focus. If that goes, the pair is free to retest 1.58 and possibly trade up to 1.60.

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al_dcdemo 14 Jun

UPDATE 5: Cable was the best performer on the week among major pairs. It gained nearly 300 pips from the open while the weekly range was about 380 pips. Most of the gains were acquired in US sessions while the pair was mostly sold in Europe. Exception was Wednesday when that pair rocketed higher despite mixed industrial production report. A lot of the strength came from EUR/GBP selling on combination of overbought technicals and safe haven flows due to the uncertainty regarding Greece.

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al_dcdemo 15 Jun

UPDATE 6: There are four important UK economic events coming up in the week ahead: inflation report, jobs report, MPC meeting minutes and retail sales. On the other side of the pond we have even more important FOMC meeting and US inflation report. After strong performance in the past week, some consolidation and/or correction in the beginning of the week is the most likely scenario.

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al_dcdemo 26 Jun

UPDATE 7: After fake move up in the Asian and early European session on Monday, the pair sold off strongly and started a correction which has been so far worth close to 250 pips. The pair tried to rally on Wednesday, but it turned out that the move back up to 1.58 was just a short squeeze. The rest of the week was range-bound. Weekly candle doesn't look that bearish as it retraced less than half of previous week's gains.

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al_dcdemo 27 Jun

UPDATE 8: The week ahead will be important one for the pair, not just because Greek story implications for the UK but it's also that week in the month when we get PMI figures for UK's three major sectors: Services, Manufacturing and Construction. On top of that, Current Account and Final GDP will be released. Initial support is seen between 1.5650 and 1.5675 with stronger closer to 1.55 level. First resistance may come in around 1.58.

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