Community
Blog
Haynes6EU's Blog

Haynes6EU's Blog

Avatar

GBPUSD - Short recovering continue!

Haynes6EU Posted 30 Apr. as Analysis on GBP/USD, Target: 1.3139, Date: 1st of June, 12:00 GMT  in #Technical analysis #GBP #USD #GBP/USD #Gbpusd #Pound
Hi community members,
Background: this forecast base on balanced distribution. Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: There were a lot of Short GBP position follow by Brexit event but it's time for recovering short position after market denied 1.2 level twive times.
Daily chart: Price is rising and can visit 1.34 in near future. I expect price will move in range 1.28…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

3 Comments
Haynes6EU avatar
Haynes6EU 4 May

Update 1: Rising momentum has slowed and bull power is loosing. It's could be time to correct and consolidate things gained before think about go far futher. I continue interested in long GBP but at lower price.

Haynes6EU avatar
Haynes6EU 8 May

Update 2: prices continue to go up and I expect 1.3 level in a few days ahead. Pound has three bullish week consecutive, uptrend is stable but I think prices will not move quickly.

Haynes6EU avatar
Haynes6EU 15 May

Update 3: Last week was a bearish candle, prices decreased to 1.284x level and bounced back to 1.292 level as of writing. The pair still be an up-trend but I'm asking myself that what thing will make price go up above 1.3 when momentum is weak.

orto leave comments
Avatar

GBPUSD visit 1.7 again?

Haynes6EU Posted 31 May as Analysis on GBP/USD, Target: 1.6875, Date: 1st of July, 12:00 GMT  in #Technical analysis #GBP/USD #Cable #Gbpusd #Pound
1. Weekly chart: Shooting star candle and some bearish candles confirm that the pair GBPUSD is correcting now. How deep the correction? I see some support level at 1.666; 1.655; 1.646. So I will watch closely on these level.
2. Daily chart: Major trend is up and this pair is in correction process now. If 1.666 hold, this pair can rally up to 1.7 quickly or 1.666 broken, the next support is 1.655 and bounce from there. There is a little chance to break 1.655 to visit 1.646 level.
My target: 1.687…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

3 Comments
Haynes6EU avatar
Haynes6EU 7 June

Maybe three drive pattern is forming and target is 1.6635. Buy from demand zone 1.663~1.666 :D

Haynes6EU avatar
Haynes6EU 16 June

GBP strong rally after Carney's comments last week. Expecting GBPUSD visit 1.703~1.704 this week!

Haynes6EU avatar
Haynes6EU 23 June

Weekly chart shows strong bullish candles! This pair closed above 1.7 last week. I expect the pair continue to go up in this week and start retracing in the next month! My target 1.6875 is difficult to reach at the end of this month :D

orto leave comments
Avatar

GBPUSD is on the way to 1.7?

Haynes6EU Posted 22 Apr. as Analysis on GBP/USD, Target: 1.7000, Date: 2nd of June, 12:00 GMT  in #Technical analysis #GBP/USD #Cable #Gbpusd #Pound
Framework:
I. Fundamental: U.K economy is very good. Unemployment rate fall below 7%. Inflation is stable around 1.6; 1.7%, there is a little of bit below target 2%. So a rate hike was expected in next year.
II. Currency positioning: Net long position for the Pound
III. Technical view:
1. Weekly chart: I saw two major support points at 1.646 and 1.625. Resistance level at 1.682. If the price close above resistance level, It could be a signal for more upside to 1.7 level.
2. Daily chart: Up trend…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

6 Comments
View 1 more comments
Haynes6EU avatar
Haynes6EU 9 May

High level 1.6996 on 6th of May. Now the pair is consolidating above 1.69. It will continue to go up more in coming weeks!

Haynes6EU avatar
Haynes6EU 12 May

I think the pair retrace from high level. 1.682 and 1.666 are two level should consider buy opportunity!

Haynes6EU avatar
Haynes6EU 16 May

The pair correct to 1.673 level before visit 1.7 again. Rising trendline still hold :)

Haynes6EU avatar
Haynes6EU 21 May

I'm waiting for 1.7 level hit in next few days.

Haynes6EU avatar
Haynes6EU 31 May

A deep correction :D

orto leave comments
Avatar

GBPUSD downtrend in weekly chart

Haynes6EU Posted 26 Mar. as Analysis on GBP/USD, Target: 1.6300, Date: 1st of May, 12:00 GMT  in #Technical analysis #GBP/USD #Gbpusd
1. Strong bearish candle in weekly chart. Support zone around 1.625 level.
2. I'm expecting short opportunity at 1.658 level as retrace ended
3. Fundamental: U.K CPI, PPI continues to decrease. U.S NFP data shows improvement.
4. Target: 1.63
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

3 Comments
Maria_r avatar
Maria_r 26 Mar.

well done!

HOANG_MAI_NHI avatar
HOANG_MAI_NHI 26 Mar.

thanks

Haynes6EU avatar
Haynes6EU 14 Apr.

Wrong prediction! Maybe 1.7 on the way. The pair GBPUSD bounce as hit rising trend line!

orto leave comments