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Cable Update (GBPUSD)

  • #859,041
  • May 1, 2025 10:09am May 1, 2025 10:09am
Pull back on Pound same with Eur. Will be looking to add long positions around this price 1.3250.
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  • #859,042
  • May 1, 2025 10:10am May 1, 2025 10:10am
Quoting ib1985ib
Pull back on Pound same with Eur. Will be looking to add long positions around this price 1.3250. {image}
Same
  • #859,043
  • May 1, 2025 10:33am May 1, 2025 10:33am
Jobless claims came much higher 241K vs 223K previous. Manufacturing 48.7 vs 49 previous. Dollar will fall again. As for stock market it is a mixed bag. I would say coca cola, walmart, microsoft, all have good earnings and those are to buy and just hold and add more buys as momentum stays bullish. For S&p500 I am looking at the price and if it breaks 200 sma, and momentum is bullish, I will buy s&p500. Maybe bad news for tariffs have been priced in with market.
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  • #859,044
  • May 1, 2025 10:37am May 1, 2025 10:37am
Quoting ChiForex
Strong resistance formed at 1.3310s, now free fall as support levels on monthly and weekly are too low like 250-300 pips. Even daily 200 pips. Monthly close is crucial too and not far away. For now weekly close is heading to big bearish candle.
We're heading easily to 1.30 sell now and sleep relaxed.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #859,045
  • May 1, 2025 10:57am May 1, 2025 10:57am
Quoting ChiForex
{quote} We're heading easily to 1.30 sell now and sleep relaxed.
That is an interesting analysis. You are definitely on point so far. Looking at PPP of US vs UK:

The US has a large GDP at Purchasing Power Parity (PPP), meaning its economy, adjusted for the real cost of living, is significant. In 2025, it is estimated to be $25.727 trillion. This figure represents the total value of all goods and services produced in the US, converted to international dollars using PPP rates.

The projected total GDP in the United Kingdom for 2025, adjusted for purchasing power parity (PPP), is $3.801 trillion. This figure represents the total value of goods and services produced in the UK, taking into account the relative prices of goods and services compared to other countries.

US inflation rate is 2.4% , interest rate is 4.5%.
UK inflation rate is 2.6%, interest rate is 4.5%.

UK should cut rates to 4.25% on May 08, if that happens, GBPUSD should be bearish for a long term and good sell position for swing trading.

The question is does USA still want cheaper dollar, or do they want to strength the dollar. But at the moment it is hard to say because US and China have not come out with anything positive. We need to see them actually meeting and saying something positive, that would push the market up and the Dollar up. Which will cause EUR and GBP to fall down more.
  • #859,046
  • May 1, 2025 11:19am May 1, 2025 11:19am
Quoting msqk
3300 breakout is valid but weak for having not met the required threshold,so any retracement will break current lows at 3274. so buying above 3274 is not low enough from my point of view. Waiting for gud setup .... {image}
3274 perfectly broken and NF is tomorrow,closely observing any buy signal. NF precast is negative so a buy bite is half baked, but PA must align accordingly.
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MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #859,047
  • May 1, 2025 11:37am May 1, 2025 11:37am
[quote=Wavegarrick;15231653]
Quoting Wavegarrick
{quote} GU buy trade opened at 1.34159 target 1.35425. Cheers. {image}
Last roll of the dice Folks. It's a no brainer when they pitch up together. Ascending trendline needs to hold on the daily time frame. Buy trade added.
Have a great week.
Cheers.
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Trade to trade another day
  • #859,048
  • May 1, 2025 11:42am May 1, 2025 11:42am
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yes yes yes
  • #859,049
  • May 1, 2025 11:49am May 1, 2025 11:49am
Added long @1.3273
sl- none
tp- 1.3540
  • #859,050
  • Edited 1:00pm May 1, 2025 12:02pm | Edited 1:00pm
Quoting msqk
{quote} 3274 perfectly broken and NF is tomorrow,closely observing any buy signal. NF precast is negative so a buy bite is half baked, but PA must align accordingly. {image}
buy signal h1 was today early morning.last sell was 29 apr.Sorry H1 buy from today. H4 sell from 1.34(29 apr).
better wait buy at h4,in reality sell signal but we see flat,no sell,it can appear 1.32500-1.32.
i looked it shows well spike at h4(better look h1).buy was 27 march ,spike till 1.32 4 apr.better dont stay against it.
  • #859,051
  • May 1, 2025 12:10pm May 1, 2025 12:10pm
[quote=Wavegarrick;15234167]
Quoting Wavegarrick
{quote} Last roll of the dice Folks. It's a no brainer when they pitch up together. Ascending trendline needs to hold on the daily time frame. Buy trade added. Have a great week. Cheers. {image}
Thanks for answering my request to post an update chart..., you've gone from "surely" to "rolling the dice" well done Leon you come over to my way of thinking "randomness" let the $$$$$ roll in...
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  • #859,052
  • May 1, 2025 12:18pm May 1, 2025 12:18pm
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yes yes yes
  • #859,053
  • May 1, 2025 2:14pm May 1, 2025 2:14pm
[quote=Waveskierrob;15234201]
Quoting Wavegarrick
{quote} Thanks for answering my request to post an update chart..., you've gone from "surely" to "rolling the dice" well done Leon you come over to my way of thinking "randomness" let the $$$$$ roll in... {image}


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #859,054
  • May 1, 2025 2:22pm May 1, 2025 2:22pm
easy money
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yes yes yes
  • #859,055
  • May 1, 2025 3:45pm May 1, 2025 3:45pm
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yes yes yes
  • #859,056
  • May 1, 2025 11:28pm May 1, 2025 11:28pm
In 2025, Japan's total GDP by Purchasing Power Parity (PPP) is projected to be around $5.784 trillion. This puts Japan as the fifth-largest economy in the world by both nominal GDP and PPP, according to the IMF. Additionally, the country's per capita GDP (PPP) is projected to be $54,678, according to the same source.

United States GDP Forecast: $25.051 Trillion in 2024, $25.727 Trillion projected for 2025 (PPP). In 2025, the US is projected to have a GDP per capita at Purchasing Power Parity (PPP) of $75,845.00. This estimate is based on global macro models and analyst expectations. Nominally, the GDP per capita is projected to be $89,105.

Japan - Inflation Rate: 3.6% / Interest Rate: 0.50% / GDP PPP: $5.784 trillion / PPP per Capita: $54,678
USA - Inflation Rate: 2.4% / Interest Rate: 4.5% / GDP PPP: $25.727 trillion / PPP per Capita: $$75,845


I Buy USDJPY at price 145.22, take profit 158-160, stop loss @ 140.

Does not want to break that 140 price, strong support.
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  • #859,057
  • Edited 5:05am May 2, 2025 12:30am | Edited 5:05am
WHAT IS THE CURRENT STRENGHT OF AUDUSD ON 1MIN TF: BUYING OR SELLING?
MY VIEW IS BUYING. WHAT IS YOUR IDEA
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KABIR IS ALMIGHTY GOD. RIGHT WAY OF WORSHIP=ROI, WRONG WAY OF WORSHIP=LOI
  • #859,058
  • May 2, 2025 1:14am May 2, 2025 1:14am
[quote=Wavegarrick;15234167]
Quoting Wavegarrick
{quote} Last roll of the dice Folks. It's a no brainer when they pitch up together. Ascending trendline needs to hold on the daily time frame. Buy trade added. Have a great week. Cheers. {image}
Awesome
Leave Israel alone and Palestine will be free
  • #859,059
  • May 2, 2025 1:15am May 2, 2025 1:15am
Quoting naick
WHAT IS THE CURRENT STRENGHT OF EURUSD ON 1MIN TF: BUYING OR SELLING? MY VIEW IS BUYING. WHAT IS YOUR IDEA{image}

isn’t that audusd.
  • #859,060
  • May 2, 2025 2:00am May 2, 2025 2:00am
Well...Here we are again. Stuck around 1.33
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