GBPUSD Market Outlook - 7 Nov 2019 As Bank of England Governor Carney speaks, GBPUSD is fluctuating strong. GBP is weak today even though BOE determined to keep the Bank Rate maintained at 0.75%. In the screenshot we have outlined two resistance levels at 1.2840 and 1.2875 and one support at 1.2810. Link to Harmonic …
GBPUSD Market Outlook – 23 Oct 2019
GBPUSD Market Outlook - 23 Oct 2019 AUD is a strong bearish. EURUSD is also weak but very mild. GBPUSD enjoy some bullish momentum last few weeks. Now, we had a first notable turning point at 1.3000. That comes with bearish butterfly pattern. I think this level 1.300 would be significant next few weeks. It …
GBPUSD Market Outlook – 6 Sep 2019
GBPUSD Market Outlook - 6 Sep 2019 Overall market is pretty mixed today. As you can see, GBP and EUR is weak. I have to remind you that GBPUSD was due to test the level 1.2400. This is the top of the demand zone we were counting for few weeks. see the screenshot. This price …
GBPUSD Market Outlook – 2 Sep 2019
GBPUSD Market Outlook - 2 Sep 2019 GBPUSD is pretty bearish looking last few days. It went nearly 200 pips down after the formation of bearish 5-0 pattern. I am writing this post because GBPUSD is just right on the demand zone I was counting. It is another decision time for GBPUSD. Watch out the …
GBPUSD Market Outlook – 27 Aug 2019
GBPUSD Market Outlook - 27 Aug 2019 In our last post, we asked you to watch the archived supply zone at 1.2200 because it becomes an important support for your trading. In fact, GBPUSD really respected the level of 1.2200 at the moment. It made a beautiful turn at here. It is around 60 pips …
GBPUSD Market Outlook – 26 Aug 2019
GBPUSD Market Outlook - 26 Aug 2019 Good to see some bullish sentiment in the Forex market. AUD, NZD and CAD are the leader of bullish sentiment today. GBPUSD is also following the group. Especially, the critical supply zone at 1.2200 was broken last week. Now this zone will serve as the important support for …
GBPUSD Market Outlook – 19 Aug 2019
GBPUSD Market Outlook - 19 Aug 2019 It was not long ago that GBPUSD hit the 3 years low. Of course, any strong bearish movement will be followed by some bullish reaction. I have marked the supply zone. The supply zone at the moment tested twice but it did serve as reversal point. This means …
GBPUSD Market Outlook – 16 Aug 2019
GBPUSD Market Outlook - 16 Aug 2019 In regards to our last post, we have shown that GBPUSD was testing the critical resistance at 1.2100. GBPUSD broke through the 1.2100 level and it is nearly 80 pips up now. As you can see, GBPUSD movement is perfectly synced at each Potential Continuation Zone of Butterfly …
GBPUSD Market Outlook – 15 Aug 2019
GBPUSD Market Outlook - 15 Aug 2019 Just let you know that GBPUSD is hitting the important resistance (=Potential Continuation Zone). I marked in red circle, how this resistance important in the past. We have bit of bullish sentiment in Fore Market. We need to have bit of caution here because all of sudden British …
GBPUSD Market Outlook – 12 August 2019
GBPUSD Market Outlook - 12 August 2019 We know that GBPUSD broken the 2 year's lowest price. However, price is not just moving in one direction always. I have pointed out why this happens in the financial market already here. https://algotrading-investment.com/2019/07/08/profitable-patterns-in-financial-market/ Anyway, we are looking for short term correction with the formation of AB=CD pattern. …
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