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GBPUSD Trading Flat Ahead of UK Inflation Data
GBPUSD peeked yesterday to 1.3311 but failed to guard 1.3300 level and dipped to 1.2325 low and closed above 10-EMA at 1.2350 reviving the daily trend to turn bullish, depending on how the pair closes on daily time frame.
Today, the cable is trending flat with 38-pips price action after clocking 1.3268 high, ahead of UK CPI Inflation report, ,followed by BOE`s Gov. Carney with exception for tone to set the Pound in a certain direction depending on the data outcome. Exceptions are placed at 3.00…
EURGBP aims for the up trendline
After some turbulence during the Brexit negotiations, the GBP is gaining back its strength. Last Week, the Pound was influenced by various rumors and information from the negative but we can see some of them were positive, some of the negative but we can see that traders finally decided that sentiment should remain positive.
That begin said, let us analyses the EURGBP, which since the end of August is declining sharply but during the first half of the October, was undergoing a bullish correction…
That begin said, let us analyses the EURGBP, which since the end of August is declining sharply but during the first half of the October, was undergoing a bullish correction…
USDCAD Possiable Short Trade opporunity
Pattern:: Harmonic Bearish Pattern
Trendline Resistance
As described in the chart
Chart Time Frame: H4
Entry: 1.25010
SL: 1.2550
TARGET1: 1.2400
TARGET2: 1.2350
Trendline Resistance
As described in the chart
Chart Time Frame: H4
Entry: 1.25010
SL: 1.2550
TARGET1: 1.2400
TARGET2: 1.2350
EUR/USD is pulling back
EUR/USD is pulling back from a breakout above small wedge bottom. It is also reversing up from a big double bottom. The reversal is strong enough so that bulls will buy the current 1 - 3 day pullback. Therefore a 2nd leg up is likely.
All trading ranges have reasonable buy and sell setup. In addition, they are always in an early bear trend and in a bull trend. You can see this after there is a successful breakout. For example, if the bears get successful bear breakout, traders will say that the …
All trading ranges have reasonable buy and sell setup. In addition, they are always in an early bear trend and in a bull trend. You can see this after there is a successful breakout. For example, if the bears get successful bear breakout, traders will say that the …