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Forexkingsfx.blogspot.com news digest

  • 10 years

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  • 10 years

    Wave analysis and forecast

    EUR/USD: Wave analysis and forecast of 10.01 – 17.01: The pair is likely to decline.Estimated pivot point is at the level of 1.3884.
    My opinion: Sell the pair from correction below the level of 1.3884 with the target of 1.33 – 1.32.
    Alternative scenario: Breakdown of the level of 1.3884 will enable the price to continue growth to the level of 1.40....

  • 10 years

    Momentum Gathering for GBP/USD as Breakout Eyed Above 1.6260, 1.6355

    Talking Points:
    - UK GDP came in line with expectations at +0.8% (q/q) and +1.5% (y/y).
    - Short covering rally in British Pound – every other major suffers.

  • 10 years

    GBPUSD Range-Bound Conditions Continue

    Trading Setups / Chart in Focus:
    GBPUSD – Sterling/dollar stuck in trading range
    The GBPUSD is still stuck in a trading range between about 1.5900 – 1.6260. Until we break outside of this range one way or the other, or get a price action signal from one of the boundaries of the range, there’s not much to do. Price has shown strength...

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Updated: June 29, 2023
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