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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD: As per Fundamental Analysis, BEARISH in DecemberGBPUSD: LEI, ENDO and EXO SUMMARY (BEARISH Monthly) LEI MIX: Collectively LEIs of USD was increasing and LEIs of GBP are decreasing. Hence overall LEI data is MIX ENDO DECREASING: ENDO of GBP are decreasing as compared to USD, making GBP a weaker currency compared to USD. EXOs DECREASING: USD is getting stronger than GBP from EXO perspective as well. EXO has higher precedence as well. EXO+LEI INCREASING: FINAL SCORE DECREASING: Collective ENDO and EXO, of GBPUSD indicate that USD is becoming stronger than GBP TRADE BIAS CONCLUSION ON ENDO/EXO: GBPUSD has a BEARISH probability on Weekly/Monthly timeframe. REAL INTEREST RATES Interest Rates of both GBP and USD are moving in the same DOWN direction, hence it is not a key factor or BIAS creation. NEWS EVENTS Many Key events for USD (Bolded): 1. USD: ISM Manf PMI: 02-Dec-24 (7:00 PM GMT+4) 2. USD: ADP Non-Farm Employment Change: 04-Dec-24 (5:15 PM GMT+4) 3. USD: ISM Services PMI: 04-Dec-24 (7:00 PM GMT+4) 4. USD: Fed Chair Powell Speaks: 04-Dec-24 (10:45 PM GMT+4) 5. USD: Unemployment Rate (NFP): 06-Dec-24 (5:30 PM GMT+4) 6. USD: CPI y/y: 11-Dec-24 (5:30 PM GMT+4) 7. USD: PPI: 12-Dec-24 (5:30 PM GMT+4) 8. GBP: GDP m/m: 12-Dec-24 (11:00 AM GMT+4) 9. GBP: Manuf PMI and Service PMI: 16-Dec-24 (1:30 AM GMT+4) 10. USD: Retails Sales: 17-Dec-24 (5:30 PM GMT+4) 11. GBP: CPI y/y: 18-Dec-24 (11:00 AM GMT+4) 12. USD: Interest Rate: 18-Dec-24 (11:00 PM GMT+4) 13. GBP: Interest Rate: 19-Dec-24 (4:00 PM GMT+4) 13. GBP: Retail Sales: 20-Dec-24 (11:00 AM GMT+4) 14. USD: Consumer Confidence: 23-Dec-24 (07:00 PM GMT+4) 15. USD: Unemployment Claims: 26-Dec-24 (5:30 PM GMT+4) GBPUSD SEASONAL ANALYSIS MAPPED TO NEWS EVENTS 1. BULLISH: From 03 - 5 DEC 2. SIDEWAYS TO BEARISH: From 06 - 11 DEC 3. BEARISH: From 12 - 26 DEC GBPUSD COT FLIP ANALYSIS FOR NON-COMMERCIALS 1. "Difference (Blue Line)", DECREASING for GBPUSD, that means Smart-Players are closing their LONG positions for GBP or cloaing their SHORT Position in USD. 2. The FLIP Data of OF USD, giving BUY signale and for GBP giving SELL signal 3. This will make GBPUSD BEARISH. COT RSI ANALYSIS 1. The COT RSI for both GBP and USD is near zero. 2. The "Non-Comm LONG" position does not show sharp increase for both Currencies 3. Also "Net Non-Comm" does not show an increase trend SUMMARY ON COT ANALYSIS COT report does not yet give a strong SHORT or LONG BIAS but Data is favoring USD LONG, hence GBPUSD Bearish movement matches with ENDO and EXO analysis as well. DAILY TECHNICAL ANALYSIS TREND: Bearish as per DOW, as also indicated by Fundamental analysis. DIVERGENCE: No bullish divergence, meaning bearish movement continue. HEIKIN-ASHI: Bearish movement will confirm after retracement to FIB level 23.6%. PATTERN: Not any thing specific FIB: Level 23.6% is tested as resistance and bearish movement might start. S&R: Strong support at 1.2500 and current price is 1.2673. High probability that this support will be retested and it might break it. EMA: Price Below 200 EMA ALLIGATOR: Mouth is openning supporting strong bearish movement. Scho-RSI: Above 80 and slightly going down DAILY TRADE PLAY: STRONG BEARISH BIAS Entry: 1.26730, SL: 1.27633, TP1:1.25016, TP2: 1.24053 4H TECHNICAL ANALYSIS TREND: Bullish to Sideways as per DOW DIVERGENCE: None HEIKIN-ASHI: Bullish confirmation needed FIB: At 4H 38.20% is tested as resistance and bullish movement is expected S&R: Resistance at 1.2740 and if breaken and bullish movement will get configmed. EMA: Price Below 200 EMA and if broken then bullish trend will continue. ALLIGATOR: Mouth is closed now but about to open. Scho-RSI: Again turning up with some sideway movement. 4H TRADE PLAY: BULLISH BIAS Entry: 1.2673, SL: 1.24993, TP1:1.2777, TP2: 1.2811 1H TECHNICAL ANALYSIS TREND: Bullish to Sideways and trend might become bullish after USD:Service PMI news on 4th December. DIVERGENCE: None and bullish trend is expected to continue. HEIKIN-ASHI: Bullish to Sdideways seen as well. FIB: Price retraced to level 50% and then reacted to resistance at 23.60% level. S&R: Resistance at 1.269 is respected one and if broken then bullish trend will continue. EMA: Price above 200 EMA and it is respected as support. ALLIGATOR: Partially open hence signalling sideway movement till 4th Dec news of Services PMI. Scho-RSI: also signalling sideway movement. 1H TRADE PLAY : Pendding bullish order. Buy Stop: 1.2703, SL: 1.28100, TP1: 1.274, TP2: 1.2799
Short
by haroonraees
2
GBPUSD: As per Fundamental Analysis, BEARISH in DecemberGBPUSD: LEI, ENDO and EXO SUMMARY (BEARISH Monthly) LEI MIX: Collectively LEIs of USD was increasing and LEIs of GBP are decreasing. Hence overall LEI data is MIX ENDO DECREASING: ENDO of GBP are decreasing as compared to USD, making GBP a weaker currency compared to USD. EXOs DECREASING: USD is getting stronger than GBP from EXO perspective as well. EXO has higher precedence as well. EXO+LEI INCREASING: FINAL SCORE DECREASING: Collective ENDO and EXO, of GBPUSD indicate that USD is becoming stronger than GBP TRADE BIAS CONCLUSION ON ENDO/EXO : GBPUSD has a BEARISH probability on Weekly/Monthly timeframe. REAL INTEREST RATES Interest Rates of both GBP and USD are moving in the same DOWN direction, hence it is not a key factor or BIAS creation. NEWS EVENTS Many Key events for USD (Bolded): 1. USD: ISM Manf PMI: 02-Dec-24 (7:00 PM GMT+4) 2. USD: ADP Non-Farm Employment Change: 04-Dec-24 (5:15 PM GMT+4) 3. USD: ISM Services PMI: 04-Dec-24 (7:00 PM GMT+4) 4. USD: Fed Chair Powell Speaks: 04-Dec-24 (10:45 PM GMT+4) 5. USD: Unemployment Rate (NFP): 06-Dec-24 (5:30 PM GMT+4) 6. USD: CPI y/y: 11-Dec-24 (5:30 PM GMT+4) 7. USD: PPI: 12-Dec-24 (5:30 PM GMT+4) 8. GBP: GDP m/m: 12-Dec-24 (11:00 AM GMT+4) 9. GBP: Manuf PMI and Service PMI: 16-Dec-24 (1:30 AM GMT+4) 10. USD: Retails Sales: 17-Dec-24 (5:30 PM GMT+4) 11. GBP: CPI y/y: 18-Dec-24 (11:00 AM GMT+4) 12. USD: Interest Rate: 18-Dec-24 (11:00 PM GMT+4) 13. GBP: Interest Rate: 19-Dec-24 (4:00 PM GMT+4) 13. GBP: Retail Sales: 20-Dec-24 (11:00 AM GMT+4) 14. USD: Consumer Confidence: 23-Dec-24 (07:00 PM GMT+4) 15. USD: Unemployment Claims: 26-Dec-24 (5:30 PM GMT+4) GBPUSD SEASONAL ANALYSIS MAPPED TO NEWS EVENTS 1. BULLISH: From 03 - 5 DEC 2. SIDEWAYS TO BEARISH: From 06 - 11 DEC 3. BEARISH: From 12 - 26 DEC GBPUSD COT FLIP ANALYSIS FOR NON-COMMERCIALS 1. "Difference (Blue Line)", DECREASING for GBPUSD, that means Smart-Players are closing their LONG positions for GBP or cloaing their SHORT Position in USD. 2. The FLIP Data of OF USD, giving BUY signale and for GBP giving SELL signal 3. This will make GBPUSD BEARISH. COT RSI ANALYSIS 1. The COT RSI for both GBP and USD is near zero. 2. The "Non-Comm LONG" position does not show sharp increase for both Currencies 3. Also "Net Non-Comm" does not show an increase trend SUMMARY ON COT ANALYSIS COT report does not yet give a strong SHORT or LONG BIAS but Data is favoring USD LONG, hence GBPUSD Bearish movement matches with ENDO and EXO analysis as well. DAILY TECHNICAL ANALYSIS TREND: Bearish as per DOW, as also indicated by Fundamental analysis. DIVERGENCE: No bullish divergence, meaning bearish movement continue. HEIKIN-ASHI: Bearish movement will confirm after retracement to FIB level 23.6%. PATTERN: Not any thing specific FIB: Level 23.6% is tested as resistance and bearish movement might start. S&R: Strong support at 1.2500 and current price is 1.2673. High probability that this support will be retested and it might break it. EMA: Price Below 200 EMA ALLIGATOR: Mouth is openning supporting strong bearish movement. Scho-RSI: Above 80 and slightly going down DAILY TRADE PLAY: STRONG BEARISH BIAS Entry: 1.26730, SL: 1.27633, TP1:1.25016, TP2: 1.24053 4H TECHNICAL ANALYSI S TREND: Bullish to Sideways as per DOW DIVERGENCE: None HEIKIN-ASHI: Bullish confirmation needed FIB: At 4H 38.20% is tested as resistance and bullish movement is expected S&R: Resistance at 1.2740 and if breaken and bullish movement will get configmed. EMA: Price Below 200 EMA and if broken then bullish trend will continue. ALLIGATOR: Mouth is closed now but about to open. Scho-RSI: Again turning up with some sideway movement. 4H TRADE PLAY: BULLISH BIAS Entry: 1.2673, SL: 1.24993, TP1:1.2777, TP2: 1.2811 1H TECHNICAL ANALYSIS TREND: Bullish to Sdideways and trend might become bullish after USD:Service PMI news on 4th December. DIVERGENCE: None and bullish trend is expected to continue. HEIKIN-ASHI: Bullish to Sdideways seen as well. FIB: Price retraced to level 50% and then reacted to resistance at 23.60% level. S&R: Resistance at 1.269 is respected one and if broken then bullish trend will continue. EMA: Price above 200 EMA and it is respected as support. ALLIGATOR: Partially open hence signalling sideway movement till 4th Dec news of Services PMI. Scho-RSI: also signalling sideway movement. 1H TRADE PLAY: Pendding bullish order. Buy Stop: 1.2703, SL: 1.28100, TP1: 1.274, TP2: 1.2799
Short
by haroonraees
GBP/USD: The Bearish Setup You Can’t Ignore Ladies and gents, let’s talk about the British Pound vs. the almighty Dollar—the drama never ends. 🎭 Right now, the charts are shouting louder than a reality TV fight: “Short me!” If you’re not seeing it, don’t worry—I’ll spell it out for you, sarcasm included. 😏 From Wedge to Woe: What the Chart Screams 1️⃣ The Big Downtrend 📉 Look at that drop—GBP/USD has been falling faster than your New Year’s resolutions. 🥲 A strong downtrend brought us to a cute little descending wedge, a classic pattern that screams, “I might bounce… but only to crush your hopes later.” 2️⃣ The "Fake Recovery" 🪤 Post-breakout, we saw a weak rally—let’s call it what it is: a dead cat bounce 🐱. Bulls are trying, but it’s like slapping duct tape on a sinking ship. The price is now flirting with resistance around 1.2775. Spoiler: It doesn’t look good for the bulls. 3️⃣ The Trap is Set 🪤 There’s a clear bearish trade setup here. A red zone for the stop-loss (thank you, risk management gods 🙌) and a juicy green target zone for profits. If you’re thinking of longing this setup, please—just don’t. Save yourself the heartbreak. How This Plays Out: Two Scenarios 🎢 🔥 Bearish Dominance This is the most likely play. Price respects resistance, drops out of the consolidating triangle, and continues its nosedive to 1.2500—or lower if the bears are feeling extra spicy. 🐻💣 🎩 Bullish Fantasy (Unlikely) The only hope for bulls? A breakout above 1.2775. But even then, it needs real momentum, not the half-hearted attempts we’re seeing now. So unless you’re the kind of person who bets on lottery tickets for a living, stick with the short. 🎟️ George’s Take: Don’t Be a Chart Clown 🤡 Look, trading isn’t about being right—it’s about making money. If you’re seeing anything bullish here, you’re either blind or overly optimistic. This setup is bearish AF, and the risk/reward ratio is screaming SHORT. Pro Tips for the Brave (or Smart): Entry: Around resistance at 1.2775. Stop-Loss: Tight above the red zone—don’t go broke proving a point. Target: Scale out near 1.2500, or ride it lower if the bears take over completely. Final Word: Trade Smart, Not Emotional 💼 Want to keep buying hope and dreams? Go ahead, but don’t blame the chart when it dumps on you. For the rest of you who actually care about strategy, setups like these are where profits are born. 🤑 Join the Road to a Million Club 🌟 if you’re done playing guessing games and want to trade like a pro. We don’t mess around—just clean setups, hard truths, and real results. 🚀 #TradeSmart #GBPUSD #BearishSetup 🐻💸
Short
by EdgeDotForex
Trading account types explainedForex trading offers exciting opportunities for individuals at various levels of expertise and risk tolerance. One of the first steps to becoming a successful trader is selecting the right type of trading account. Your choice can significantly impact your experience and success in the market. Below, we explore three common types of trading accounts: Cent Account , Demo Account , and Standard Account , based on their features, suitability, and intended users. 1. Cent Account Ideal for Beginners with Low Risk and Small Deposits A Cent Account is specifically designed for new traders or those who wish to minimize financial risks while gaining exposure to live market conditions. With balances measured in cents instead of dollars, this account type allows users to trade real money but on a much smaller scale. Features: - Requires only a minimal deposit to get started. - Allows traders to gain real-world trading experience without the fear of losing large sums of money. - Provides an opportunity to test strategies and broker conditions with smaller risks. Who Should Choose This? - Beginners looking to transition from demo accounts to live trading. - Traders testing a new strategy or broker platform without risking significant capital. 2. Demo Account Ideal for Testing Strategies Without Financial Risk The Demo Account is a virtual trading account that allows users to practice trading without using real money. It mirrors actual market conditions, enabling traders to understand market mechanics, test strategies, and familiarize themselves with trading platforms. Features: - No financial risk since all trading is done with virtual funds. - Simulates real market movements to provide a realistic trading experience. - Perfect for refining trading skills and strategies before moving to live accounts. Who Should Choose This? - Complete beginners who need to learn the basics of forex trading. - Traders developing or testing new strategies and indicators in a risk-free environment. 3. Standard Account For Experienced Traders with Higher Risk Tolerance The Standard Account is designed for experienced traders who are ready to handle larger trades and higher risks. It operates in full dollar amounts, providing access to the full range of trading opportunities offered by forex brokers. Features: - Requires a higher initial deposit compared to Cent Accounts. - Offers higher profit potential but comes with increased risk. - Grants access to standard lot sizes and advanced trading tools. Who Should Choose This? - Experienced traders with a good understanding of market dynamics and risk management. - Those seeking higher returns and willing to take on the associated risks. How to Choose the Right Account When deciding which trading account to open, consider your experience level, risk tolerance, and trading goals: - If you're new to forex or prefer to trade with minimal risk, a **Cent Account** is a great starting point. - If you want to practice without financial consequences, a **Demo Account** is the ideal choice. - If you're confident in your trading abilities and ready for larger stakes, the **Standard Account** may suit your needs. Remember, the key to successful trading is starting with the right account and gradually progressing as your skills and confidence improve. Always approach trading with a clear strategy and a focus on risk management.
Education
by pow_removetheguesswork
GBP-Trade Idea (First Week of December) !!!Dear Trader, From a fundamental perspective, the Pound is in a better position than the Euro. This week, I expect a decline towards the 1.26000 level, similar to the Euro. Subsequently, I anticipate an upward correction to the 1.28500 area, followed by a more significant downward movement with a minimum target of 1.25000." "If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Short
by alirezak
GBPUSD Buy Opportunity! Supply Zone: The area between 1.26450 and 1.26500 represents a potential demand zone, likely to act as a support level. Price Action: The price has retraced after an upward movement, indicating a possible retest of the support zone. Bullish Signal: The arrow suggests that you anticipate the price will bounce from this zone and continue upward. Key Considerations: Entry Point: Look for bullish candlestick patterns (like a pin bar or engulfing candle) within or near the marked supply zone to confirm an upward move. Stop-Loss: Place below the lower end of the demand zone to minimize risk. Take-Profit: Target the next significant resistance level or recent swing high near 1.27100-1.27300.
Long
by ashif030
GBPUSD towards 1.28!The GBP/USD pair shows signs of recovery toward the 1.2700 level during European trading, supported by a moderate weakening of the US Dollar due to improved market sentiment and profit-taking ahead of the release of the US JOLTS data. Fundamentally, the pair is consolidating losses after a decline of more than 0.5% recorded on Monday, limiting the damage thanks to the drop in the EUR/GBP pair, indicating capital flows from the Eurozone to the United Kingdom. Investors are closely monitoring the US JOLTS Job Openings data: a figure equal to or above 8 million could strengthen the Dollar, generating additional bearish pressure on GBP/USD. Moreover, attention is focused on the speeches by Federal Reserve members, with recent statements highlighting uncertainties about a potential rate cut in December. The current probability of a 25 basis points rate cut stands at 72%, according to the CME FedWatch Tool, but more cautious signals from officials could keep the Dollar in a strong position. Therefore, the direction of the pair remains tied to the evolution of macroeconomic data and monetary policy, with a consolidation dynamic reflecting the balance between technical and fundamental factors.
Long
by Forex48_TradingAcademy
1