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EUR / GBP for September 3

sharpsense Posted 31 July as Analysis on EUR/GBP, Target: 0.89495, Date: 3rd of September, 12:00 GMT  in #Technical analysis #Ecb #Draghi #EUR/GBP #Bank Of England #Brexit
Monthly Chart:
Weekly Chart:
Indicator Used: ATR, EMA (200), (50), (30), (20), Support Resistence, Candlstick chart, Monthly, Weekly
Pair Analysis: On the monthly Chart the Pair is in a uptrend, however it did not reach the Price levels of 2009. Average True Range is falling which shows momentum leaving the trend, The pair is only around gaining 30 Points in one Month time. Price Action is very choppy on the Weekly. Overall I expect the pair to sustain in a narrow range.
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EUR/GBP for 1 September

sharpsense Posted 31 July as Analysis on EUR/GBP, Target: 0.92617, Date: 1st of September, 12:00 GMT  in #Technical analysis #Ecb #EUR/GBP #Carney #Tapering #Bank Of England
Chart Scale: Weekly, Monthly
Atr Monthly Chart: 329 Pips / 148 Pips
Indicator used: BB, CCI Histogram
Support Resitence 0.75534, 0.88667, 0.99114
Pair Analysis:
Eur is outperforming the GBP in the weekly as well as in the monthy Chart. Since 2015 before the Brexit Vote the Eur rises. Last year it was choppy and sideways. With the rumour of the ecb start tapering the euro has risend the past four month. I think the last High after the Brexit vote should be challened soon. The whole Momentum is no…
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sharpsense 17 Aug.

Eur/GBP grow the last 5 days, it is about 150 pips of my target. There should come a Little correction at some point

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GBP/USD for September 1

sharpsense Posted 30 July as Analysis on GBP/USD, Target: 1.3613, Date: 1st of September, 12:00 GMT  in #Technical analysis #GBP/USD #Fed #Carney #Bank Of England #Brexit
Chart Scale: Monthly / Weekly
Indicator Used: Bollinger Band, CCI,
Support/resistence: 1.3857 / 1.3452 / 1.2855 / 1.2777 / 1.1910
ATR Monthly / Weekly 237 Pips / 565 Pips
Pair Analysis:
On the monthly Chart Gbp/USD is in a big down trend, the move up from the lows at the end of 2016 looks corrective. CCI indicator has not yet succed to go over Zero which means the Gbp Sterling is still in downtrend. The weekly looks more bullish, but there is a big divergence between CCI and Price which means th…
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sharpsense 17 Aug.

The gbp move is very choppy still, there are always even after good news, bad news which make it diffiuclt for the gbp to grow

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GBP/USD

sharpsense Posted 22 June as Analysis on GBP/USD, Target: 1.2045, Date: 1st of August, 12:00 GMT  in #Technical analysis #GBP/USD #Fed #Bank Of England #Brexit
Chart/Scale: Monthly, Weekly
Indicator used: CCI, ATR
Support Area: 1.25 -1.26
Resistence Area: 1.28 - 1.31
Monthly Range. 578 pips
CCI shows reverseal on monthly chart, weekly chart are possiblity for another high and the bearish stance would temporarly change. The Bollinger Band as well as the Zeroline of CCI supports the GBP/USD. As long as weekly do not reverse, I will stay bearish on the pair.
Monthly Chart:
Weekly Chart:
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GBP/CHF

sharpsense Posted 18 June as Analysis on GBP/CHF, Target: 1.20, Date: 1st of August, 12:00 GMT  in #Technical analysis #Snb #GBP/CHF #Bank Of England #Jordan #Brexit
Chart/Scale: Monthly/Weekly, Jforex3
Indicators: CCI 14, Bollinger Bands 20 / 2 /2
Weekly Range ATR: 245
Monthyl Range ATR: 646
Support Area: 1.1555, 1.1753, 1.1677
Resistence Area: 1.2934
Pair Analysis: GBP is in downtrend, However the low of 2011 was not broken yet, the whole move must be looked as sideways correction. I expect the pair to go close to this low again.
Middle Bollinger Band shows resistence. I expect the pair to fall from here
Monthy Chart:
Weeklx Chart:
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sharpsense 22 July

On the weekly there is now a reverseal, I expect the pair now to fall to 1.20 Level.

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GBP/USD range bound , waiting for BOE

Sanju777 Posted 11 May  in #Trader's blog #GBP #USD #Bank Of England #Range Bound
The Central Bank is largely expect to maintain its rates unchanged, despite the continued advance in inflation, but investors will be anyway looking for clues on what's next, and how likely a rate hike is before year's end. If any clue saying that they will hike the rate then it will break the resistance of 1.3 and it will become strong support.
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Current market overview

Sanju777 Posted 9 May  in #Trader's blog #GBP #EUR #Bank Of England
The Sterling–Euro exchange rate is a tad higher this morning after a lacklustre Monday. Sterling did gain half a cent or so against the Euro after The British Retail Consortium posted a strong 5.6% year-on-year gain in April's retail sales after a drop of 1.0% in March. It is unlikely the Pound will make further gains today as the data diary lacks anything UK related. Traders may twitch on rumours and speculation ahead of Thursday's Bank of England meeting, but that is about all.
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Cable is Oversold

fxsurprise8 Posted 31 July as Analysis on GBP/USD, Target: 1.3789, Date: 1st of September, 12:00 GMT  in #Technical analysis #GBP/USD #Volatility #Cable #Us Dollar #Pound #Bank Of England #Brexit #UK EU Referendum
The GBP/USD dropped over 10% shortly after Brexit. While we've had some stabilization since then, prices are still relatively low as can be seen on the chart below. The weekly Stochastic Oscillator is still in oversold territory at 14.
Let's take a look at the lower timeframe chart. Cable hit a low of 1.2797 in the Brexit aftermath. Later on prices retraced to a high of 1.3480 and we're currently quoted at 1.3233. The 4H chart shows a choppy but undeniably upward sloping movement.
The weekly is …
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Bank of England Inflation Report

alifari Posted 11 Feb.  in #Trader's blog #Bank Of England #Inflation Report
Like the Federal Reserve, Bank of England policymakers also have their backs against the wall because the unemployment rate is falling faster than they anticipated. The BoE tied itself to an unemployment rate threshold and they are now only 0.1% away from that level. Aside from providing their latest economic forecasts, the Monetary Policy Committee will often telegraph major changes in policy in their Quarterly Inflation Report. At bare minimum, the BoE will need to update their forward guid…
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