Cable Update (GBPUSD)

Daily view USDCHF


A possible bullish AB-CD pattern / Bullish 3 drives pattern both heading towards 0,9494

... lol

Commitments of Traders report for week 7 is now ready. GBP futurs flat WoW.

As of last week, the analysis remains in play
For now, the extreme scenario is still in play. Open interest shows extreme levels compared to past performance. We see that traders are dropping their shorts but are reluctant to buy the market yet. We need more data to confirm the long bias here.

and usd ?

lol

First post here but hope its useful. i am going to short GBP/USD 1.4427-1.4435 with stop loss of around 1.4455 . Choose your own profit levels, but i wont post here again if it goes above 1.4455 without any retracement.




Trade what you see.

Hey all, I've got my thoughts on GBP/USD in my weekly outlook. Check it out here:

http://www.forexmademillionaire.com/...ook-2-21-2016/

Welcome to the Jungle .. looking to short on this pair but will wait for asia into UK for a signal hopefully .. good luck

EURUSD, as expected, made a correction from 1.13550 towards 1.11 and closed the week at 1.1130. The chart looks very bullish and the price is approaching a major support former resistance around 1.1030. I expect this market to move higher in the coming weeks.
Looking at C.O.T data, the same pattern continues. Non-commercial traders keep covering their short exposure and add long contracts.
They covered 15.7K short positions and longs remained flat week over week.
This group now holds over 113K long contracts vs 162K short positions. This is a major shift in sentiment since the beginning of this year. If this trend sustains the pace, we could see non-commercials becoming NET LONG soon.
COT paints an aggressive growth. It suggests bullish sentiment is growing among money managers in this market.


Looking at commercial vs non-commercial index chart ( the chart below) , we see the shift is now in favour of bulls in this market.
Higher prices would come as no surprise. The probabilities of FED raising interest rates this year are not looking great at all. See here
From the price action point of view, we need to breach 1.14 and pull back before considering long positions. I would also like to wait for some more bullish contracts.

Sorry for callers but futures at 1.4308...down down down

What is your source? I see the Futures at 1.4403 at the moment for march contract ... ???

Are you a newbie??? Follow that link http://www.xe.com/fr/currencycharts/?from=GBP&to=USD

1.4248 now

Yeah total newbie :-) haha

wow, I am glad that I put TP. Let's hope it stays this down till opening..

Lol, yes. Just I want is a gap up on gold ;-)

Pound falling like crazy. Over 150pips down

My TP is at 1.4350, you think if it opened 1.4250 I will snatch it up at 1.4250 instead of 1.4250? I wonder...

Ihave not gbp/usd, just gold but yes, of course. If the price open at 1.4250 for example, instead of your TP at 1,4350, your positions will close at 1,4250 and not at your TP

http://www.zerohedge.com/news/2016-0...-bojo-backlash