EURGBP: Bullish Forecast & Outlook
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the upward direction.
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Eurgbp!
EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85600 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.85600 support and resistance area.
Trade safe, Joe.
EURGBP Trading Opportunity! BUY!
My dear friends,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8553 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.8590
Recommended Stop Loss - 0.8536
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
🇪🇺 EURGBP 🇬🇧 - Trend continuation after breaking 0.855EURGBP may continue its fall as the market breaks support after a retest. A weak market on the euro side could give way further. For now, it is worth waiting for consolidation below 0.855 to continue the fall. Overall, the global trend is changing and this opens bearish perspectives.
Reasons for further declines:
1) The Euro is weakening to the point where it is weaker than the Pound Sterling on fundamental policy grounds
2) Support retest
3) False break of support fails. A retest of 0.855 is formed again.
4) Consolidation forms below 0.855 after the breakout - a good signal
⚡️Strifor || GOLD-22/01/2024Preferred direction: SELL
Comment: Metals , as well as major currency pairs, are prone to fall against the US dollar. Silver has already blocked the nearest targets for the fall, and most likely you can count on a small downward impulse. The situation with gold is more complicated. Here, for now, the instrument is not in a hurry to fall so much after our short entry point from the level of 2060 . More precisely, the main target at the level of 2000 has been hit, but a further fall is expected towards 1980 .
However, we patiently continue to wait for the breakdown of support at the 2000 level, and then a descent to 1980 .
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⚡️Strifor || GBPUSD-22/01/2024Preferred direction: SELL
Comment: The British pound starts the week also unchanged, here we still expect a fall towards the levels of 1.26000 and 1.25000 . The pound stood out for its larger upward correction against the dollar, but this currency pair has been looking more for a sell-trade.
Particular attention is paid to intraday time periods, where divergence is forming at the time of writing this trading idea. Such an entry point can be very profitable, since with a smaller stop loss (for short-term intraday trading) give us a larger take profit (for medium-term trading). The targets are the same, as written above.
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⚡️Strifor || EURUSD-22/01/2024Preferred direction: SELL
Comment: At the start of the new trading week, our market mood remains unchanged. Last week passed virtually without changes in medium-term trading. The priority for purchasing American currency remains.
In principle, everything is formed for the euro , and we are ready for a fall. However, only the market itself knows when exactly this will happen. The target for the fall is located at the level of 1.08000 , then we can consider the level of 1.07000.
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EURGBP H4 | Potential bullish breakoutEUR/GBP is trading close to a pullback support and could potentially break above a descending trendline to make a bullish rise to the upside.
Buy entry is at 0.85700 which is a potential bullish breakout level (wait for price to break through the descending trendline for confirmation).
Stop loss is at 0.85350 which is a level that sits under a pullback support.
Take profit is at 0.86150 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level.
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EURGBP - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURGBP.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.86000.
Fundamental news: On Thursday will see results of Interest Rate on EUR. News with high impact on currency.
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⚡️Strifor || USDJPY-19/01/2024Preferred direction: BUY
Comment: The Japanese yen is most likely going to update last year's high; this is, surely, a longer-term target. About a more short-term idea, we expect the US dollar to continue to strengthen. At the moment, the limit buyer continues to support growth for this pair. We highlight two scenarios for ourselves.
Growth should not be long in coming and within 1-2 trading days local highs will be updated. The growth target is currently set at the level of 150 .
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EURGBP Will Go Up! Long!
Here is our detailed technical review for EURGBP.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.855.
The above observations make me that the market will inevitably achieve 0.858 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURGBP Technical Analysis! BUY!
My dear subscribers,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8555 pivot level.
Bias - Bullish
My Stop Loss - 0.8537
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8591
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EURGBP BUY | Day Trading AnalysisHello Traders, here is the full analysis.
Watch Potential bullish reversal levels for BUY. GOOD LUCK! Great BUY opportunity EURGBP
I still did my best and this is the most likely count for me at the moment.
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EURGBP Will Go Lower! Sell!
Please, check our technical outlook for EURGBP.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.859.
Considering the today's price action, probabilities will be high to see a movement to 0.857.
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.
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⚡️Strifor || GOLD-18/01/2024Preferred direction: SELL
Comment: Previous targets for short gold were completely closed with profit. However, the downside potential still relevant. The level of 2000 , at which the metal is currently trading, will most likely be broken down soon. Market buyers are still unable to move the price up. Therefore, most likely, this crowd of purchases will be liquidated.
At the end of this week, we expect at least an update of the current local minimums. The movement is expected towards support 1981.683 , and even lower, with the potential for a fall to 1960.
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⚡️Strifor || GBPUSD-18/01/2024Preferred direction: SELL
Comment: The pound remains the focus of sales. Despite a good attempt at recovery yesterday after the publication of economic data, the pound does not have technical and fundamental factors for growth. Therefore, most likely, the end of this week will also take place within the framework of the strengthening of the US dollar.
For this pair, active scenario №2 , which we published earlier. Since we are seeing a pretty good pullback upward, there is an opportunity for a re-entry or a full new entry for those who missed this entry point. The sell-target is located at the level of 1.25000.
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⚡️Strifor || EURUSD-18/01/2024Preferred direction: SELL
Comment: Previous trading ideas for shorting the euro work well. Despite the good way down we have already made, we continue to adhere to sell priority. We are patiently waiting for a move towards the main target at the level of 1.07000 .
Entry points for short-term trades are still relevant today. One can use a small stop loss of approximately 20 points.
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