GBPUSD Bouncing Off Weekly Chart Upchannel Support

ZS (Soybean) Technical Analysis

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GBPUSD Over 400 Pips Above Last Monday’s Theresa May Low

SI (Silver) Technical Analysis

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EURUSD, GBPUSD Trading Range Likely Tight Despite Busy News Day, as FOMC Looms

Euro Weekly Chart

…s view the GBPUSD charts below for a better idea of what may unfold today. GBPUSD Weekly/Daily/4hr/Hourly Today’ll be a busy news day for the GBPUSD, with the UK Bank Stress Test results released at 2am EST, the UK CPI out at 430am EST, and the US Building Permits released at 830am EST. The GBPUSD saw a fair degree of downward pressure yesterday, clearly rejected by the descending wedge resistance line (as seen on the weekly chart), along with the…

GBPUSD, EURUSD on Hold Ahead of BOE/ECB Announcements

Pound Weekly Chart

…tly forming the 3rd straight weekly Doji or Tombstone candle. Although the GBPUSD appears to be trying to bottom in the daily and 4hr charts seen below, the GBPUSD remains precariously close to the November low. With today’s BOE rate announcement and US Unemployment Claims, bulls should take caution with the weekly MACD green line still sloping down. EURCHF Weekly/Daily/4hr/Hourly The EURCHF is fast approaching the descending wedge resistance line…

GBPUSD Testing Weekly Chart Triangle Resistance

CT (Cotton) Technical Analysis

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Busy News Day for GBPUSD

Pound Weekly Chart

…tly forming the 3rd straight weekly Doji or Tombstone candle. Although the GBPUSD is trying to bottom in the shorter timeframe charts seen below, the GBPUSD remains precariously close to the November low. With today’s busy news schedule, bulls should take caution with the weekly MACD green line still sloping down. Euro Philadelphia Index Weekly The Euro index slid below 124 yesterday, as nervousness over the ECB announcing its version of QE this T…

GBPUSD Retesting Key 1.3 Level Ahead of UK Election

GBPUSD Technical Analysis

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GBPUSD/EURUSD Rally Warming Up as USDX Rejected @ Channel Resistance

Euro Weekly Chart

…orter timeframe charts below for a better idea of what might unfold today. GBPUSD Weekly/Daily/4hr/Hourly The GBPUSD strongly bounced off descending wedge support yesterday on the weekly chart. Encouraging for the bulls are the weekly RSI and Stochastics, and daily MACD which are all turning up. These same momentum indicators on the 4hr chart, along with the daily RSI and Stochastics are consolidating, as the GBPUSD has now reached upchannel resis…

GBPUSD Consolidating Just Below 1.25 After ~150 Pip Rally

GBPUSD Technical Analysis

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GBPUSD Daily MACD Trying to Positively Cross Ahead of UK, US Data

GBPUSD Technical Analysis

Please Register/Login to view Today’s Top 3 Trades. Each day, the top 3 setups and/or momentum trade ideas (from the Watchlist) is presented. All markets analysed are ordered by how favourable the risk:reward presented by the trade idea appears, with the market listed at the top deemed at the time the screenshots are captured to be the highest conviction trade for the day. As many of the trade setups and momentum plays are ongoing ideas inspirin…