View RSS Feed

TechnoMeter

  1. GBP/USD: Bullish Ranging

    by , 09-25-2018 at 11:25 AM
    It's been a climactic past month of price action in the British Pound. As we walked into the final week of August, GBP/USD was continuing to hold on to the sell-off that had driven the currency for much of the prior four months. Prices had just sunk down to find support at the 23.6% Fibonacci retracement of the Brexit-move, and this was a more than 1,500 pips away from where the pair had topped-out at in mid-April. There was little by way of positivity at the time.

    Name:  gbpusd-d1-metaquotes-software-corp.png
Views: 155
Size:  22.3 KB ...
  2. GBP/USD: Bearish Breakdown

    by , 08-20-2018 at 08:03 AM
    GBPUSD: Retail trader data shows 70.5% of traders are net-long with the ratio of traders long to short at 2.39 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near 1.40482; price has moved 9.4% lower since then. The number of traders net-long is 4.5% lower than yesterday and 7.3% lower from last week, while the number of traders net-short is 1.6% lower than yesterday and 9.7% higher from last week.

    Name:  gbpusd-w1-fx-choice-limited.png
Views: 506
Size:  23.4 KB

    We typically ...
  3. GBP/USD: Weekly Bearish Reversal

    by , 07-24-2018 at 09:20 AM
    The latter-portion of last week saw a strong bounce develop in GBP/USD, and this came after the pair tested below a key psychological level for the first time since last September. As we wrote earlier during the week, the down-trend in the British Pound was very much in-focus as we approached a read of inflation out of the UK for the month of June. Markets were looking for inflation to perk-up to 2.6% after two consecutive months at 2.4%, but the actual print gave us a third straight month at 2.4% ...
  4. GBPUSD - daily bearish ranging; weekly reversal

    by , 06-21-2018 at 04:44 AM
    GBPUSD: Retail trader data shows 72.4% of traders are net-long with the ratio of traders long to short at 2.62 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near 1.41803; price has moved 7.0% lower since then. The number of traders net-long is 7.0% higher than yesterday and 4.5% higher from last week, while the number of traders net-short is 0.1% lower than yesterday and 14.2% lower from last week.

    Name:  gbpusd-d1-metaquotes-software-corp.png
Views: 139
Size:  16.2 KB

    We typically ...
  5. EUR/GBP Technical Analysis: daily near to be bullish

    by , 05-07-2018 at 03:44 PM
    The Euro continues to inch upward against the British Pound but the dominant price trend continues to favor a downside bias for the single currency. The pair has recovered to the highest level in nearly two months but price action remains firmly locked within a falling channel set from October 2017.

    Name:  eurgbp-h4-alpari-international-limited.png
Views: 152
Size:  21.9 KB

    Major resistance comes in at 0.8904, the confluence of a former chart inflection point as well as the trend channel top. A close above that ...
Page 2 of 5 FirstFirst 1 2 3 4 ... LastLast