Thread: Eur/Gbp
The pair is trading within a sideways range since morning and stable around 0.8085, while momentum indicators continue to offer negative signals that support our expectations for a retest of 0.8045 areas. Therefore, our morning expectations remain valid for today as far as stability is seen above the aforementioned areas.
Recommendation : Based on the charts and explanations above, our opinion is buying the pair around 0.8045 targeting 0.8170 and stop loss below 0.7965 might be appropriate
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Hamzagoroo (2019-05-13)
After breaking the shown downtrend line and as result breaking the bearish channel that has moved on it for a long term , we can expect that the pair will bullishly move up and correct its position , i consider that it will be a bullish channel on the long term so we can buy now and make great profit with target points @ 0.8173 (50.0%) then @ 0.8224 (61.8%) , Good Luck
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Hamzagoroo (2019-05-13)
The pair is offering a slight downside bias and we await a retest of 0.8045 previously breached. Therefore, our general positive expectations remain valid with stability above 0.8045.
Recommendation : Based on the charts and explanations above, our opinion is buying the pair around 0.8045 targeting 0.8170 then 0.8240 stop loss below 0.7965 might be appropriate this week
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Hamzagoroo (2019-05-13)
Let's have a look at H4 chart of the pair. We can see the price is in uptrend. But the Kumo Cloud is flat. This will attract the price to cloud. So, I think the price will be down to the Kumo Cloud and then it will be up.
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Hamzagoroo (2019-05-13)
The pair continued to trade positively yesterday and settled around the retest level shown above on the chart explained in our previous report-. The pair might breach the level of 0.8045 and settle above it, which might activate the bullish technical structure, targeting mainly the level of 0.8145. On the other hand, the pair might move towards the support level of the main descending channel at 0.7965, in attempts to breach this level. Therefore, we must observe the pair`s behavior around the mentioned levels , awaiting further confirmations.
Recommendation : Based on the chart and explanations above, our opinion is buying the pair with a breach of 0.8045, targeting 0.8145 stop loss below 0.7965 might be appropriate. Or selling the pair with a breach of 0.7965, targeting 0.7850 and stop loss above 0.8045.
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Hamzagoroo (2019-05-13)
i think that we should sell EURGBP as we have a moving down trend on the weekly chart so i predict that EURGBP will move downward on the long term.
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Hamzagoroo (2019-05-13)
The pair is stable above the support for the main descending channel shown above and the positive effect from momentum indicators continue to push the pair higher. Therefore, we prefer to remain aside for now and observe the closing today between the areas of 0.7965 support and 0.8055 resistance, as those levels will define the next move for the pair.
Recommendation : Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move
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Hamzagoroo (2019-05-13)
Let's look at the H1 chart of the pair. The price broke out the downtrend line and it also broke out the Ichimoku Kumo Cloud. So, I think the price will increase strongly in today's session.
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Hamzagoroo (2019-05-13)
bahi ya bat ap na blkul theek ke ha waqa he EUR /JBP ka trend chal rhaa ha or ya bnoht zada up ho ge market es paier par es lyaa mari request ha k es pari ko thora dehak kar kahalana.Originally Posted by rajuonline
eur/gbp ka up trend chal raha hai. aaj i think eur/gbp fall hoga more than 0.8740 . aabhi ka price hai 0.8765. iske baad sayad ye phir upor jayega.
aaj main kuch short trade karunga. 15 min ka chart ke hisab se main ek picture upload kar raha hoon. already kuch short kar kar 1$ kamaya hain maine. age dekhte hain kya hota hain.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Hamzagoroo (2019-05-13)
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Spoiler:
1. Trend analysis today with hma system:
hma 32 as short term trend indicator = blue colour, up trend
hma 192 as medium term trend indicator = red colour, down trend
hma 860 as long term trend indicator = red colour, down trend
So the trend is up trend weak limited.
2. Pivot,ressistance and support level this day:
p: 0.7973
r1: 0.7996
r2: 0.8036
r3: 0.8058
s1: 0.7934
s2: 0.7912
s3: 0.7872
Hamzagoroo (2019-05-13)
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