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GBPUSD FALLING!!

P3tr4 Posted 22 July as Analysis on GBP/USD, Target: 1.2755, Date: 1st of September, 12:00 GMT  in #Technical analysis #GBP/USD #Market Trend #Stochastic Indicator #Monthly Chart #Weekly Chart #Currency Markets
Trading concept:
Stochastic indicator and price action are the only indicators used.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also.
Same applies for when stochastic is below 20, the trend is bearish wit…
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GBPUSD FALLING!!

P3tr4 Posted 30 May as Analysis on GBP/USD, Target: 1.2745, Date: 3rd of July, 12:00 GMT  in #Technical analysis #GBP/USD #Gbpusd #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:Stochastic indicator and price action are the only indicators used on weekly and monthly charts.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short. When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below…
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3 Comments
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P3tr4 18 June

In line with my prediction, most of the gbpusd moves have been bearish. Current difference between price and target for the contest is less than 20 pips. However, I am inclined to believe that the gbpusd will continue in its bearish run, the instability of the UK government right now is not supporting any bullish runs.

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P3tr4 19 June

The gbpusd has turned bearish again and has gone below my prediction. While this is happening, gbpjpy has been moving up, a big disparity between both pairs, and the difference in strength between the dollar and yen. It is too early to discount any bullish trend yet, but the overall outllok for gbpusd is bearish.

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P3tr4 23 June

The gbpusd has turned bullish from the crossing of the stoch indicator upwards on the daily chart. This signals good price action and could result in a new high.

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GBPUSD FALLING!!

P3tr4 Posted 14 Apr. as Analysis on GBP/USD, Target: 1.2315, Date: 1st of June, 12:00 GMT  in #Technical analysis #GBP/USD #Gbpusd #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:Stochastic indicator and price action are the only indicators used. When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below 20, the trend is bearish with …
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GBPUSD FALLING!!

P3tr4 Posted 27 Mar. as Analysis on GBP/USD, Target: 1.215, Date: 1st of May, 12:00 GMT  in #Technical analysis #GBP/USD #Gbpusd #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:
Stochastic indicator and price action are the only indicators used. When stochastic crosses up,
we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such
areas are overbought areas. So predictions at this point could also be bullish, but bearish
predictions are a good possibility here also. Same applies for when stochastic is below 20,
the rend is bearish wit…
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Cable rally to continue

P3tr4 Posted 27 Feb. as Analysis on GBP/USD, Target: 1.5825, Date: 1st of April, 12:00 GMT  in #Technical analysis #GBP/USD #Cable #Gbpusd #Bulls
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
This month has seen the gbpusd showing a lot of bullish momentum.
Daily chart shows several days rise, before a rejection from the top bollinger band, with the stochastic indicator crossing down
The bullish momentum is more obvious in the weekly chart, with price testing the middle band of the bollinger indicator.
I expect a pullback before a heavy push upwards towards 1.6
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USD rally coming to an end!!

P3tr4 Posted 30 Jan. as Analysis on GBP/USD, Target: 1.5400, Date: 2nd of March, 12:00 GMT  in #Technical analysis #GBP/USD
I am expecting a weak U.S dollar in the next few weeks.
After massively dropping, i expect the pair to do some kind of recovery. My target is 1.54
This target is just below the prominent resistance level of 1.55
The dollar may continue to gain, but things will look interesting once the stochastic indicator can go above the 50 mark.
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WallStreet6 27 Feb.

Great job! The forecast is right on target. Some fluctuations, but it should be really close to the target.

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P3tr4 27 Feb.

The pair is about 50 pips above forecast, the U.S dollar is experiencing some losses, and the pair is doing a bullish rally after yesterday's drop.

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P3tr4 27 Feb.

Depending on how the market opens sunday night, i am expecting a retracement back towards 1.54.

It looks like the gbpusd is ready to continue going up, but  even a minor retracement should bring it within reach of my forecasted price.

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WallStreet6 27 Feb.

It could be very close.

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P3tr4 2 Mar.

It looks like pice closed within 20pips of my target, i am not sure how the deviation is calculated, but this looks good for a top 5 or even top 3 position. Or maybe number 1..:)

The forecast was done with the USD strength in mind and its subsequent correction wave.

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Bears on The GBP

P3tr4 Posted 12 Dec. as Analysis on GBP/USD, Target: 1.5250, Date: 2nd of February, 12:00 GMT  in #Technical analysis #GBP/USD #Gbpusd #Bears
The pair has been dropping, and has managed to do a minor retracement. I expect the down trend to fully come back into play, with the pair going as low as 1.52 or even 1.5.
The weekly chart above shows the retracement after weeks of decline.
on the daily chart we can see contraction of the bollinger bands, with a bearish candle already forming. A stochastic cross downwards would signal the continuation of the downward trend.
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Cable to climb

P3tr4 Posted 27 Nov. as Analysis on GBP/USD, Target: 1.6100, Date: 2nd of January, 12:00 GMT  in #Technical analysis #GBP/USD
I expect the dollar rally to end soon, this will trigger bullishness in the EURUSD, CABLE and some other dollar related pairs.
After weeks of decline, we can see the first signs of bulls coming into play.
i am taking about 33% of the overall drop, because the dollar strengthen would eventually come back.
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P3tr4 11 Dec.

My target for the pair is above 1.6.
the pair rallied above 1.5750, but 1.6 is looking like a very tall order. The dollar is still pulling its weight, and expect the gbp starts to gain rapidly, the pair looks set for further decline.

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P3tr4 12 Dec.

The pair is currently at 1.5725, climbing steadily but surely. My target is above 1.6, lets see how price reacts within the next few weeks.

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GBPUSD going up

P3tr4 Posted 31 Oct. as Analysis on GBP/USD, Target: 1.6300, Date: 1st of December, 12:00 GMT  in #Technical analysis #GBP/USD #Resistance #Gbpusd #Up
I am expecting the dollar to weaken over the next few weeks, even though the dollar will end the year high, still looking forward to a bullish correction on the gbpusd. On the daily chart, break of resistance should push price towards the 1.3- region.
On the monthly chart,
this is the fourth month down, a correction is due..
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Bearish GBPUSD

P3tr4 Posted 11 Mar. as Analysis on GBP/USD, Target: 1.5950, Date: 1st of May, 12:00 GMT  in #Technical analysis #GBP/USD #Sell Cable
The daily chart shows the the pair is stuck in a range. I expect it to break that range downwards and get to 1.5950 by the 1st of may 2014.
On the weekly chart, we can see what looks like a top being formed. My target is around the first support area. I expect the bearish move to be very sharp and corrective.
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