Brit Bulls seems to relax after a small rally.....GBP Index seems to continue its journey after a small retracement to previous Resistance Flip Support Now....... Price seems to retrace from 1.382 ibo Level and RSI Bearish Divergence on 1 Hour TF.
About British Pound Currency Index
The British Pound Currency Index (BXY) is a significant indicator demonstrating how strong the pound is in comparison with other major currencies. Although the United Kingdom is relatively small in size, the GBP plays a big role in the world economy. Also, USD/GBP and EUR/GBP are traditionally important pairs for Forex market participants. In order to predict the next trend for the pound, traders monitor changes of such economic indicators as the Bank of England interest rate, the GDP, the consumer price index, and energy carrier prices.
GBP May goes down for quite some monthsBut Possibly after daily or h4 retracements- watchout for smaller tf. Anyway, more to downmove in major movements.
THE BRITS ARE NOT OVER !Before talking about what direction NASDAQ:GBP pairs should take, just check its #INDEX before decide.
It seems to be clear that #UK won't throw the towel and give up.
They have conquered nearly 70% of the planet; English is the most spoken language.
The small British island could still hold a fe
GBP so buuulish!!Brace urselves guys for a very bullish pounds week.. i am looking to go long Gbp usd
(not a financial advice)!
BXY Weekly Analysisbear market turning into bull Market macd bullish above 50/50 but signal still below ma rsi bullish above 50/50 signal below ma market may see stagflation with bearsish attitude for a bit. but expected to incline
TP will be 70% incline unless economic sentiment confirms extra sentiment to execu
BXY Weekly analysisBear market (N): macd (N) right on 50/50 signal under ma RSI bull above 50/50 signal above ma suggesting decline to come.
climbage projectile:
P1:
INCLINE: 2.65%
DECLINE: 2.72%
BXY ANALYSIS mar 27-3 SELLMarket hinting at to come depreciation. market forming head & shoulders expressing significant decline macd is bullish above 50/50 but signal under ma hinting at minor up movement switching focus to decline in the very near future. RSI on 50/50 area crossed just above sitting on top of ma waiting fo
BXY ANALYSISmarket currently (N) may look like a decline but can expect to break with BULL momentum unless economic sentiment has investors worried this soley based off market sentiment
WEEKLY TP@124.51
MACD shows N market signal on but below ma both sitting on 50/50 area i anticipte bullish momentum but econo
BXY NAMFX H1 Renko next week 12-03-2023 trend analysisBXY NAMFX H4 Renko next week 12-03-2023 trend analysis, in the uptrend wave we can see a sideway Price Channel between C'D'
BXY NAMFX H4 Renko next week 12-03-2023 trend analysisBXY NAMFX H4 Renko next week 12-03-2023 trend analysis, in the uptrend wave we can see a Bullish Price Channel
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