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Analysis of GBP/USD for October 19: Pound continues to rise but corrective way may end soon

14:34 2021-10-19 UTC--4 Relevance up to 13:00 2021-10-20 UTC--4

Author: Alexander Dneprovskiy

Popular analytics

EUR/USD: plan for the European session on October 19. COT reports. Euro bulls have taken 1.1637 and are aiming for new monthly highs

02:31 2021-10-19 UTC--4

Trading plan for starters of EUR/USD and GBP/USD on October 19, 2021

04:20 2021-10-19 UTC--4

GBP/USD: plan for the European session on October 19. COT reports. Pound bulls have defended 1.3717 and are aiming for new weekly highs

02:38 2021-10-19 UTC--4

Forecast for EUR/USD on October 19, 2021

23:50 2021-10-18 UTC--4

Trading plan for EUR/USD on October 19, 2021

00:15 2021-10-19 UTC--4

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Analysis of GBP/USD for October 19: Pound continues to rise but corrective way may end soon

The wave counting for the Pound/Dollar instrument has become more complicated recently and may become more complicated again. The instrument made a successful attempt to break through.

Crypto-currencies

Long-term BTC investors began to take profits en masse: how will this affect the further price movement?

Bitcoin continues to confidently occupy the $62k-$64k range, and on Wednesday it may test its absolute maximum for the first time since April. At the same time, the first signs.

Crypto-currencies

Bitcoin's global bullish trend will end soon: can BTC reach $100k and what will happen to the market next?

The current week may be a turning point for Bitcoin and the entire cryptocurrency market due to a confident upward movement and making fundamental decisions for the development.

Technical analysis For beginners

GBPUSD approaching major resistance.

GBPUSD is now trading around 1.3791. Price has surpassed our initial target which was at 1.3770 and is now challenging the upper target boundary close to 1.38. Short-term trend remains.

Technical analysis

Technical analysis on EURUSD for October 19, 2021.

EURUSD made a high today at 1.1669. Price reached earlier today the 38% Fibonacci retracement level of the entire decline, which was our initial bounce target, after the bullish break.

Ichimoku Indicator

Ichimoku cloud indicator analysis on Gold for October 19, 2021.

Gold price bounced as expected but price remains under pressure. Gold continues to hold above the 4 hour Kumo (cloud) support. As expected price bounced strongly higher today.

Crypto-currencies

Cardano vulnerable to a move towards $1,82.

Cardano as we mentioned in previous posts, has provided us with a bearish signal after breaking out and below the triangle pattern it was. Price has back tested the triangle.

Crypto-currencies

Bitcoin respects bullish channel.

Bitcoin is stabilizing above the $60,000 price level. Price remains in a bullish trend as it continues making higher highs and higher lows. Price is still inside the bullish short-term.

EUR/USD analysis for October 19. Formation of corrective wave continues.

Wave pattern On the 4-hour chart, the wave layout for the euro/dollar pair went through some changes after the quote had dropped below the low of the previous wave.

Technical analysis For beginners

October 19, 2021 : EUR/USD daily technical review and trading opportunities.

Intraday traders were advised to wait for candlestick closure above 1.1780 - 1.1840 for another ascending swing to be initiated. However, immediate downside selling pressure brought the pair down below.

Technical analysis

October 19, 2021 : EUR/USD Intraday technical analysis and trading plan.

Extensive bearish decline has pushed the EURUSD pair towards 1.1600 and lower levels was about to be reached if sufficient bearish momentum was maintained. Moreover, significant bullish recovery has originated.

Technical analysis

October 19, 2021 : GBP/USD Intraday technical analysis and significant key-levels.

Recently, the GBPUSD pair was testing Demand-Zone located around 1.3400 which corresponded to 123% Fibonacci Level of the most recent bearish movement. This was a good entry level.

Crypto-currencies

Bitcoin: en route to a powerful bullish breakout

Bitcoin is again testing the resistance level of the 59,283.67 - 62,637.96 range for strength, while not showing any signs of clarity about the future direction. But since there.

Crypto-currencies

Trading signal for Ethereum (ETH) on October 19 - 20, 2021: Sell below $3,700 (symmetrical triangle)

On the contrary, if Ether consolidates below 3,700 we should expect a sharp break below this level, and there may be an opportunity to sell with a target at 3,593.

Technical analysis For beginners

EUR/USD fresh uptrend aims at 1.1700

The EUR/USD pair is traded at the 1.1642 level at the moment of writing. It has decreased a little after reaching the 1.1661 level. Now, this level which.

Trend line For beginners

GBP/USD reaches upside obstacle

The GBP/USD pair could drop in the short term after reaching the ascending channel's upside line which serves as resistance. In the short term, it could slip lower before resuming.

Trading signal for NASDAQ 100 (#NDX) on October 19 - 20, 2021: Sell below 15,400 (Weekly resistance)

The uptrend is likely to continue in the next few hours, but a technical correction could occur around 15,389 as the eagle indicator has touched the level.

Crypto-currencies

Bitcoin: more gains expected!

Bitcoin rallied in the last hours reaching a new high of 63,337. The bias remains bullish, so the crypto could approach and reach fresh new highs soon. The price action.

Crypto-currencies

Ethereum: up channel in play!

Ethereum decreased a little in the short term only because the price of Bitcoin has retreated. Bitcoin is bullish, so ETH/USD could try to jump higher after its short-term decline.

Crypto-currencies

Major crypto market news for October 19: Bank of England warns of new financial crisis

Bitcoin continues its upward trend with targets located around $64,768, where it stopped its growth last time this spring. The markets can only wait now to see what will happen.

Technical analysis

Trading signal for GBP/USD on October 19 - 20, 2021: Sell below 1.3830 (Top bullish channel)

The short-term outlook for GBP/USD is bullish as long as it remains above the 200 EMA (1.3671). Any correction towards this area will be a good opportunity to buy. Given.

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We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.