GBPUSD has unexpectedly turned down in the last few days from 1.6764 where we now labeled end of wave B, after only three wave move up that is a corrective move. As such, temporary recovery is part of a bigger correction. We are tracking now a three wave decline from 1.6822 high with wave C moving south to 1.6460-1.6530 area where we will pay a close attention to signs of a completed downward correction.
GBPUSD 4h Elliott Wave Analysis…
Added by Gregor Horvat on March 4, 2014 at 9:29am — No Comments
#GBP/USD 233 MIN chart. 76.8% fib resistance from yearly highs...has to clear 1.6830 for bull run…
Added by Shaun Powell on March 2, 2014 at 5:06pm — No Comments
A sharp rise above 1.6700 last week and move above highs back from April 2011 invalidated the bearish weekly triangle count, so we are now tracking a new bullish count with impulsive price action. We are tracking a huge wave C) on a weekly chart that can be now in final stages as we see price moving up in wave V, final leg of the pattern. However, because of very sharp rally and bullish sentiment from 1.6250 market can form an extended fifth even to 1.7000 psychological level.
Added by Gregor Horvat on February 17, 2014 at 9:35am — No Comments
GBPUSD has extended gains yesterday and now already trading at 1.6600 region. Personaltiy of the latest bullish run is very sharp so we suspect it's impulse in progress, thus part of an uptrend. We adjusted the wave count and labeled a five wave decline from 1.6667 as wave (c) that was pwar of an expanded flat in wave B. If that is the case then pair is now heading higher in wave C towards 1.6730 area.
GBPUSD 4h Elliott Wave Analysis…Continue
Added by Gregor Horvat on February 13, 2014 at 10:12am — No Comments
I am publishing the video analysis for the majors GBP/USD, AUD/USD, USD/CAD & NZD/USD shared with my free Newsletter subscribers this weekend February 2rd, 2013, as I occasionally do.
Please find the related video below:Continue
Added by FibStalker on February 3, 2014 at 3:50am — No Comments
"A close below support at 1.6259/56 is needed to cast attention back to the 5 month uptrend at 1.6180. A close below here is needed to alleviate immediate upside pressure and re-target the 1.5855 November low, but our feeling is that that this…Continue
Added by ZeusFXTrader on December 20, 2013 at 8:57am — No Comments
Added by ZeusFXTrader on December 15, 2013 at 5:51pm — No Comments
EUR/USD Current price: 1.3664
Uneventful day in the forex market, as the dollar reversed all of the mild gains seen before US opening. Worse than expected existing home sales in the US, that dropped 1.9% on rising prices, along with comments of ECB’s members…Continue
Added by Valeria B Bednarik on October 21, 2013 at 7:43pm — No Comments
HSBC - "It is tempting to believe that the strong UK economic data will continue as the housing market comes back to life and consumers continue to increase their spending. If this were the case, then the Bank of England would find it very difficult to keep rates at a record low for a further long period, and the recent rally in sterling could continue. However, the more likely case is the upside surprises in the UK turn into downside surprises as the reality of negative real income growth…Continue
Added by Francesc Riverola on September 26, 2013 at 8:23am — No Comments
UBS - "USDJPY BULLISH Resistance is at 100.61, a break above which would open 101.53 ahead of 103.74. Support is at 97.76 ahead of 96.82.
EURUSD BULLISH As a reaction to the sharp advance, there is scope for a short-term setback to unwind. Support is at 1.3501 ahead of 1.3392. Resistance is at 1.3569, a break above which would open the way to major resistance at 1.3711.
GBPUSD BULLISH Resistance is at 1.6179, a break above which would open the way to 1.6381. Any downside will be…
Added by Francesc Riverola on September 20, 2013 at 7:00am — No Comments
GBP/USD Daily chart..... Bearish three drive pattren+ Bearish Butterfly Pattren on daily Chart Perfect 1.5904 and 1.6000(78.60% fibo) level for sell let see this level hold this week or not if hold we can sell with 1.5750 (61.8% fibo)and 1.5576(50.00% fibo) target…Continue
Added by Abdul Rehman on September 15, 2013 at 1:30pm — No Comments
As I don't have enough information for EURUSD at the moment (I think BUY Euro from lower levels) I am posting GBPUSD forecast analysis instead.
Cable lost some ground in the last two days. Market is waiting for Mark Carney´s speech on the 28th of August next week to reaffirm that borrowing cost will stay at an all-time low. Anyway I recommend buying GBP/USD at current levels 1.5550 for possible targets 1.5628/84 and 1.5750. Note of UK bank holiday on Monday, 26th.…Continue
Added by Saso Klobucaric on August 25, 2013 at 5:24pm — No Comments
ANZ - "EUR: Recent rebounds to test the 1.33-1.34 area will no doubt raise concern that EUR may be able to post an early push to retest 1.37 or even the declining trend-line around 1.40. However, the show of interim strength is seen as vulnerable. Daily momentum (not shown) is at risk of rolling over and the patterns of price action remain very much that of a series of corrective moves within a broader and frustrating trading range. The bias within this pattern is that EUR…Continue
Bank of Tokyo-Mitsubishi: "The pound may continue to strengthen modestly in the near-term on the back of strengthening UK cyclical momentum. However, those gains are likely to prove limited and remain vulnerable both in the near-term and medium–term. In the near-term those gains could quickly reverse should the BoE choose to strengthen its forward rate guidance. One upcoming key event which poses some downside risk for the pound is on the 28th August when Governor Carney is next scheduled to…Continue
Added by Francesc Riverola on August 16, 2013 at 4:03pm — No Comments
ING Bank - "The Fed’s campaign to reinforce a message that tapering is not tightening has seen the USD hand back the gains that by early July had, on some measures, taken it to its highest level for three years. Yet we feel that its recent weakening needs to be placed in the context of a USD that is still well within the ranges established so far in 2013. Our base case remains very much for the USD to enjoy a strong recovery into year-end, even if the catalyst for its gains is in danger of…Continue
Added by Francesc Riverola on August 15, 2013 at 11:19am — No Comments
HSBC - "At the moment the market is seeing excellent UK data but only moderate-to-disappointing US data and that is pushing GBP higher. This is not a situation we believe will persist. UK monetary policy will eventually distance itself from the less dovish tone emanating from the US Fed. Such a divergence in policy is a rare event in UK-US economic history, and has been associated with GBP-USD weakness in the past. In addition, while the path of policy in both countries will be determined by…Continue
Added by Francesc Riverola on August 9, 2013 at 3:35pm — No Comments
UBS - "USDJPY NEUTRAL The recent sell-off is approaching the critical support at 96.75.A closing break below this will trigger further sell-off. Resistance is at 98.59 ahead of 99.95.
GBPUSD NEUTRAL Sharp advance was seen since Friday, is held by the critical resistance at 1.5394. A closing break above this would be positive. Support is at 1.5281 ahead of 1.5213.
USDCHF BEARISH The pair is approaching the first support at 0.9229. A move below this would trigger further sell-off…
Added by Francesc Riverola on August 7, 2013 at 2:53pm — No Comments
UBS - "EURUSD BULLISH Yesterday’s sharp sell-off is viewed as a correction to unwind the overextended upside extremes. With the bull trend intact, potential is for the pair to move above 1.3302 to test the key resistance at 1.3417. Support is at 1.3120.
USDJPY NEUTRAL The pair advanced from the strong support at 96.75. This strength is approaching the resistance at 100.02. A closing break above this would trigger further upside.
GBPUSD NEUTRAL With the MACD threatening to cross…
Added by Francesc Riverola on August 2, 2013 at 3:00pm — No Comments
HSBC - "Over the next 10 days the markets will be focusing heavily on the policy meetings of the big four
This week: Fed, BoE, ECB
Next week: BoJ, RBA (We expect 25bp cut), BoE Carney inflation report
For those with a weak constitution look away now, because on top of these policy meetings we have crucial data: US GDP data (important benchmark revisions), ISM, Payrolls
By the end of the week we may have a better understanding of where we stand on the tapering debate. This…
Added by Francesc Riverola on July 30, 2013 at 10:25pm — No Comments
UBS - "EURUSD BULLISH As the bull trend persists, indicated by the trending and momentum indicators pointing higher, focus is on further upside. Key resistance is at 1.3417. Support is at 1.3253 ahead of 1.3166
USDJPY NEUTRAL The sharp sell-off since Thursday faces a strong support at 96.75.A closing break below this would trigger further sell-off. Resistance is at 99.41 ahead of 100.87.
GBPUSD NEUTRAL The pair is testing the critical resistance at 1.5394, since Thursday. A closing…
Added by Francesc Riverola on July 29, 2013 at 1:39pm — No Comments