Monthly: Moved higher from the 2016 low of 1.1905. Levels close to be bespoke resistance at 1.4390 found sellers. Aprils price action formed bearish Outside Bar, often an indication that the rally (correction) has come to an end. Follow through selling pressure has resulted in GBPUSD trading to the lowest level in 7 months. Reverse trend line su...
As we advised earlt this week GBPUSD managed to hold trades below 1.3310 resistance where managed to head for farther drop toward 1.3205 and below Market now facing support at 1.3070 while as long as market holding above this level the chance for continues hits for rebound correction may hit the market as we see over the chart where market...
In this video, besides the wave counts updates and articles follow-up, Richard is also stepping outside his comfort zone and giving a real-time example on how fundamental events affect the market and how structures become more and more complex over time. [shortcode-variables slug="applyrichardsta"]
The Federal Reserve is widely expected to raise the Federal Funds Rate today, from 1.75% towards 2.00% benchmark points. Exactly at 18:00 GMT the FED will issue a statement, which will contain the interest rate outlook, along with its latest economic forecasts. At this stage, the Market already priced in the June Fed rate hike, therefore, ...
GBPUSD still holding small trading zone while market facing Intraday level drop pressure as long as market holding trades below resistance 1.3380 As long as market holding below 1.3380 a chace for farther drop wave toward 1.3205 i expected Above 1.3380 a chance for another test toward 1.3420 may hit the market Above 1.3420 more ad...
As we see over our previous chart and as we advised before GBPUSD managed to hold trades above support 13345 which may give chance for rebound correction, market managed today to rebound toward 1.3420 Intraday levels showing resistance at 1.3420 which may hold trading zone toward 1.3340 Above 1.3420 market may add more advance toward 1....
With Trump and Kim meeting this Tuesday, UK Unemployment rate, US CPI, UK CPI, FOMC meeting, ECB meeting, the BOJ monetary policy meeting and so much more this week, what could be in store for the FXMajors? [shortcode-variables slug="go2_tradeideas"]
British pound managed to retreat from resistance zone 1.3450-85 where managed to hit 1.3370 low yesterday as we advised Market now facing support at 1.3345-70 where as long as market holding above another advance wave toward 1.3485 may hit the market Below 1.3345 more drop toward 1.3250 is expected Su...
Monthly: Moved higher from the 2016 low of 1.1905. Levels close to be bespoke resistance at 1.4390 found sellers. Aprils price action formed bearish Outside Bar, often an indication that the rally (correction) has come to an end. Follow through selling pressure has resulted in GBPUSD trading to the lowest level in 7 months. Reverse trend line su...
British pound still trying to hold rebound mode where market closing from resistance zone 1.3450-80 As long as market keep holding trades below this zone 1.3450-80 a chance for a side trading mode toward 1.3350-60 is expected Above 1.3480 a chance for more advance toward 1.3600-20 is expected Below 1.3350 more drop will be expected ...
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