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Eurgbp!

Strifor || GBPUSD-Week StartingPreferred direction: BUY Comment: The British currency is also looking more for a buy this week, despite the escalation in the Middle East. It was against this backdrop that the American currency strengthened its position, since it is the US dollar that buys the safest asset today, namely US bonds . We identified the most likely scenario as growth from the current prices (scenario №1) , and the update of the current local minimum already corresponds to scenario №2 . For now, we have the growth target at the level of 1.25346. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
EURGBP Is Going Down! Sell! Take a look at our analysis for EURGBP. Time Frame: 15m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.8546. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.8541 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
HelenP. I British Pound will break support level and fall lowerHi folks today I'm prepared for you British Pound analytics. Some time ago price rebounded from the resistance level, which coincided with the resistance zone, and tried to rise, but failed and in a short time turned around and made a strong impulse down to the support level, breaking the 0.8570 level. After this movement, GBP turned around from the 0.8530 level and started to rise to the resistance level, and when it reached this level, the price broke it and even later reached the trend line. Next, the price broke this line, after which GBP turned around and started to decline near the trend line, thereby soon breaking the resistance level one more time. Some time later price tried to back up, but failed and continued to fall between the trend line until it reached the 0.8530 support level, which coincided with the support zone. After this, the price some time traded near this level and then bounced up to the trend line, but recently it rebounded from this line and fell back. Now, the British Pound continues to trades near the support level and I expect that it will reach the trend line again. Then GBP rebounded and declined to a lower support level, thereby breaking this level. For this case, I set my target at the 0.8520 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
EUR/GBP H4 | Rising into pullback resistanceEUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.8568 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 0.8596 which is a level that sits above a pullback resistance. Take profit is at 0.8531 which is a pullback support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
EURGBP On The Rise! BUY! My dear followers, I analysed this chart on EURGBP and concluded the following: The market is trading on 0.8549 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8561 Safe Stop Loss - 0.8541 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Strifor || GBPUSD-Mid-term viewPreferred direction: BUY Comment: The previous medium-term trading idea for the pound worked out very quickly against the backdrop of the publication of CPI data. By the end of the week, longs are already being considered more as part of a small upward corrective movement. The price is trading just above the 1.25000 level, which is significant support. We can expect various kinds of manipulations at this level (scenario №2) , but most likely the buyer will still be able to push the price higher towards the level of 1.26000 . The most likely scenario №1 assumes an increase from the current maximum prices. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || EURUSD-Mid-term viewPreferred direction: BUY Comment: The main currency pair is most likely now the most interesting to buy, since it has the most formed buy-setup. A significant part of the buyers have already been liquidated, and growth according to scenario №1 is now most likely. Scenario №2 is considered as plan B, where buy-positions are expected at the level of 1.06500 . This level is located near the support trend line. The target for this medium-term long trade is not considered above the level of 1.07500 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Market Analysis: EUR/GBP Dips to SupportMarket Analysis: EUR/GBP Dips to Support EUR/GBP declined steadily below the 0.8572 and 0.8566 support levels. Important Takeaways for EUR/GBP Analysis Today EUR/GBP is trading in a bearish zone below the 0.8572 pivot level. There is a connecting bearish trend line forming with resistance near 0.8562 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a steady decline from well above 0.8580. The Euro traded below the 0.8572 and 0.8566 support levels against the British Pound. The EUR/GBP chart suggests that the pair even declined below the 0.8562 level and tested 0.8560. It is now consolidating losses and trading below the 50-hour simple moving average. The pair is now facing resistance near a connecting bearish trend line at 0.8562. It is close to the 23.6% Fib retracement level of the downward move from the 0.8584 swing high to the 0.8560 low. The next major resistance could be 0.8572. The 50% Fib retracement level of the downward move from the 0.8584 swing high to the 0.8560 low is also at 0.8572. A close above the 0.8572 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8585. Any more gains might send the pair toward the 0.8620 level. Immediate support sits near 0.8560. The next major support is near 0.8525. A downside break below the 0.8525 support might call for more downsides. In the stated case, the pair could drop toward the 0.8500 support level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
EURGBP Analysis (10th April 2024) Market Analysis PT2/2 (9th April 2024) EURGBP Analysis On the 4 hour Timeframe, Price action has rejected of a 4 hour resistance level, creating a bearish 4 hour Change of character, followed by a BOS. This price action has resulted in a formation of a bearish FVG and a bearish Orderblock as well. In order for price action to continue shorting, i expect price to pullback into either the FVG or the Orderblock before creating a 15 minute Change of Character to continue shorting. Should the FVG be tapped and rejected, i expect a sharp rejection off the FVG, not a slow one. If a slows rejection shows up, highlikely hood for price action to fill the FVG and tap in to the Orderblock before seeing some proper rejections. Make sure to risk less if you do take this set up as there is CPI and FOMC coming up later on during the NY session.
Short
by CallistoFX
EURGBP LongMARKET PHASE OANDA:EURGBP is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break lows within the corrective structure until it began to hold the bottom. There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has now started it’s initial move up but due to the velocity of the upward move, it's gapped orders around 0.85773. Price has retraced back to this level to meet the demand multiple times and is met with extreme buying pressure. We can now expect a strong push upwards in the direction of the larger trend. TRADE I've entered my long position on OANDA:EURGBP as follows: Buy Limit: 0.85773 Stop Loss: 0.85733 Take Profit: 0.85853
Long
by Mankz
1
EURGBP: Multiple Time Frame Analysis & Bearish Outlook 🇪🇺🇬🇧 Take a look how EURGBP reacted to a daily falling trend line on a 4H time frame. The market started to consolidate within a narrow range and was stuck within for 2 trading days. Today we see a strong bearish movement with a confirmed violation of the support of the range. It indicates the strength of the sellers. We can anticipate a bearish movement lower, at least to 0.8562 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
EURGBP - Price can exit from rising channel and fall to $0.8550Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago price declined lower support level, which coincided with support area, and started to trades in triangle. In triangle, GBP made upward impulse to resistance line, breaking $0.8540 - $0.8570 levels and then turning around. In a short time, price declined to resistance area and soon exited from triangle and broke $0.8570 level too. After this, price fell to support area, after which it entered to rising channel, where GBP rose to $0.8570 level. Also, price broke this level again and some time traded higher, but recently fell back to support line. Now, I think British Pound can grow to resistance level and then bounce down to $0.8550, exiting from channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1