Forecast and levels for GBP - page 10

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GBP/USD WEEKLY ANALYSIS 05 02 18 TO 10 02 18

Kondalarao Marneni, 2018.02.04 08:51

Technically It was in uptrend and the trend continues untle 1.4565
Positive economic data gives it big push. Till the level

 

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Press review

Sergey Golubev, 2018.02.20 10:56

GBP/USD Intra-Day Fundamentals: BoE Gov Carney Speaks and range price movement 

2018-02-19 19:45 GMT | [GBP - BoE Gov Carney Speaks]

[GBP - BoE Gov Carney Speaks] = Due to speak about leadership and values at Regent's University, in London.

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From rttnews article :

  • "Bank of England Governor Mark Carney said bitcoin has pretty much failed as currency as its value is unstable and it cannot be a useful way to buy things. "It has pretty much failed thus far on ... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange," he told students at Regent's University in London."
  • "Bank of England Governor Mark Carney said bitcoin has pretty much failed as currency as its value is unstable and it cannot be a useful way to buy things. "It has pretty much failed thus far on ... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange," he told students at Regent's University in London."


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GBP/USD M5: range price movement by BoE Gov Carney Speaks news event 

GBPUSD M5

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The chart was made on M5 timeframe with standard indicators of Metatrader 5 except the following indicator (free to download):


 

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Sergey Golubev, 2018.02.22 05:56

GBP/USD - daily bullish ranging for direction (based on the article)

GBPUSD

  • "GBP/USD has been on a rollercoaster over the past month, with much of the ride being driven by volatility in the US Dollar. The strength in the first half of the month was largely wiped away in a few trading days last week as the Greenback sunk down to fresh three-year lows. But, after those lows have come into place, more strength has showed up, leading to a zig-zag type of performance for USD thus far in February. "
  • "GBP/USD has largely been along for the ride. The pair seemingly shrugged off the hawkish shift from the BoE earlier in the month at the bank’s Super Thursday. And then last week’s inflation print appeared to do little to the bullish side of the pair, with a delayed reaction showing a day later (around the release of US inflation numbers). That bullish shift allowed for a 300-plus pip jump, but since then prices have been retracing-lower. The net of all of the above is a rather messy near-term scenario in GBP/USD. A bearish channel has started to show as prices have continued to retrace last week’s gains."

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Charts were made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

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Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After

  1. The main AscTrend thread is this one.
  2. Asctrend indicator in depth
  3. ASCTREND SYSTEM summary (good EAs included)
  4. Brainwashing system/AscTrend system (MT5) - the thread 


 

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Sergey Golubev, 2018.02.23 10:25

GBP/USD - intra-day rally bear bullish reversal; 1.3988 is the key (based on the article)

Intra-day H4 price is on secondary rally within the bearish area of the chart: the price is breaking 1.3988 resistance level to above to be reversed to the primary bullish market condition,

GBPUSD

  • "GBPUSD: Retail trader data shows 47.5% of traders are net-long with the ratio of traders short to long at 1.11 to 1. In fact, traders have remained net-short since Feb 13 when GBPUSD traded near 1.38838; price has moved 0.6% higher since then. The number of traders net-long is 12.4% lower than yesterday and 1.3% lower from last week, while the number of traders net-short is 9.3% lower than yesterday and 9.4% lower from last week. "
  • "We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBPUSD prices may continue to rise. Positioning is more net-short than yesterday but less net-short from last week. The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias."

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The chart was made on Metatrader 5 using HWAFM tool pattern tool from this post together with the following indicators:


 

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Sergey Golubev, 2018.03.04 08:20

Weekly Fundamental Forecast for GBP/USD (based on the article)

GBPUSD

GBP/USD - "We continue to remain neutral on Sterling, and will likely remain this way, until some clear progress has been made in the ongoing EU/UK post-Brexit trade talks. We noted last week that a GBP sell-off may offer opportunities and while this may still be the case, we will take a risk-neutral stance and watch from the sidelines.  Ahead the UK calendar offers little hard data of note week, with attention turning to the next Brexit salvos from both sides of the negotiating table.EURGBP has picked up over the week but remains in the medium-term trading and is unlikely to break-out, either way, until Brexit negotiations produce some clear evidence that talks are moving forward."

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Chart was made on MT4 using iFibonacci indicator and MaksiGen_Range_Move indicator from CodeBase (free to download).


 
The GBPUSD has broken below its 55 day EMA at the 1.3833 level but now the price is trying to pull back to that zone, which could become resistance. We could see a breakout-pullback pattern on the daily chart of the GBPUSD.
 

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Sergey Golubev, 2018.03.17 11:51

Weekly Fundamental Forecast for GBP/USD (based on the article)

GBPUSD

GBP/USD - "While we remain neutral on Sterling at this current point, GBP may be in for a rocky ride next week with market moving data points including inflation, jobs and wages as well as the latest monetary policy announcement from the Bank of England. And just to round the week off, the EU Council will meet on Thursday/Friday to discuss the latest EU/UK transition period documents with UK businesses waiting for the outcome. The UK and the EU are targeting next week’s EU Council meeting to finalise a Brexit transition period, giving government and businesses the clarity the require to build for the future. While negotiations have taken a slight turn for the better of late, with both sides adopting a more conciliatory tone, there possibility of a last-minute hitch is still very real, an event that would hit both GBP and EUR lower."

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The chart was made on Metatrader 5 using HWAFM tool pattern tool from this post.


 
Sergey Golubev:

Mr Sergey, isn't the up trend has been resumed? cause on the H4, D1 and W1 TF still show an up trend !!

Don't you think the pair will go up to around the 1.42 to the 1.44 Level before it can start it down trend ?

 

GBPUSD H4 and M30 

waiting for a signal m30

Chart GBPUSD, H4, 2018.03.17 19:39 UTC, RoboForex (CY) Ltd., MetaTrader 4, Real Chart GBPUSD, M30, 2018.03.17 19:43 UTC, RoboForex (CY) Ltd., MetaTrader 4, Real
 
Szymon Palczynski:

GBPUSD H4 and M30 

waiting for a signal m30

Nice one thanks for your sharing, really appreciate.

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