GBPUSD

The GBPUSD currency pair combines the British pound sterling (GBP), the official currency of the United Kingdom, with the United States dollar (USD), the currency of the United States. GBPUSD is one of the most popular and frequently traded pairs in the Forex market, often referred to as "cable," a nickname originating from the first transatlantic telegraph cable connecting the UK and the USA in the 19th century.

Characteristics and Specifics

Monetary Policy: Decisions by the Bank of England (BoE) and the U.S. Federal Reserve (Fed) regarding interest rates and monetary policy have a crucial impact on the GBPUSD exchange rate. Divergences in the central banks' approaches to inflation, economic growth, and financial stability can lead to significant movements in this currency pair.
Macroeconomic Data: Releases of important economic indicators such as GDP, inflation rates, unemployment figures, retail sales, and PMI indexes from both the UK and the USA influence perceptions of the strength of their economies and thus the value of GBP and USD.
Political Events: Politics plays a significant role in shaping the GBPUSD rate. Events such as elections, referendums (e.g., Brexit), trade negotiations, and changes in fiscal policy can introduce high volatility to this currency pair.
Global Market Sentiment: The US dollar is considered a safe-haven currency. During times of global uncertainty, investors often shift capital into USD, potentially causing the GBPUSD rate to fall. Conversely, during periods of market optimism, the British pound may appreciate against the dollar.
Trade Relations: The UK and the USA have strong trade ties. Changes in trade agreements, tariffs, or bilateral negotiations can affect the GBPUSD exchange rate.

Summary

GBPUSD is one of the most liquid and actively traded currency pairs, offering traders numerous opportunities. Its exchange rate is shaped by a range of economic factors, political events, and global market sentiment.

Central Bank Decisions: Regularly follow announcements and decisions from the BoE and Fed regarding monetary policy and interest rates.
Macroeconomic Data: Analyze economic releases from both countries, such as GDP, inflation, and employment figures, to anticipate potential exchange rate movements.
Political Events: Observe significant political developments, including elections, trade negotiations, and government policy changes.
Global Market Trends: Monitor investor sentiment in global financial markets, which can influence demand for the US dollar as a safe-haven currency.

The GBPUSD pair is attractive to both short-term traders, taking advantage of daily volatility, and long-term investors analyzing fundamental economic trends. Due to its popularity, this pair offers extensive access to analyses, forecasts, and tools that support investment decision-making.

SkyBlue - Daily Support & Resistance

The SkyBlue levels are daily support and resistance levels published around 6:00 AM GMT. These levels are determined based on liquidity flow analysis and key market data, serving as a tool for identifying short-term price movements.

You can find more about SkyBlue levels here.

Red - Weekly Support & Resistance

The Red levels are weekly supports and resistances. They appear on the chart on Wednesday afternoons and remain valid for the following week. Red levels consist of a total of six horizontal lines: three above the price and three below. The main Red levels, known as RedEx, are located at the extreme positions - both at the bottom and top. Approximately one-quarter of the distance between the lower and upper RedEx levels, the Red levels create a zone marked by two bold lines, both above and below the price.

You can find more about Red levels here.

SeaGreen - Monthly Support & Resistance

SeaGreen levels are monthly supports and resistances set at the beginning of each calendar month. The price rarely reaches these levels, but when it does, it usually either changes direction long-term or consolidates at that level. This makes it an ideal level for investors and traders who position their trades over a longer time frame.

You can find more about SeaGreen levels here.

DarkOrange - precise price reactions

DarkOrange levels are closely linked to Violet levels, which are updated every hour, unlike DarkOrange levels, which are updated every 5 minutes. Both the data sources and calculation algorithms are identical. However, the more frequent 5-minute recalculations for DarkOrange levels have allowed the discovery of unique setups and models, as well as the observation of many anomalies unavailable for trading on Violet levels.

You can find more about DarkOrange levels here.

Aqua - DML Floating Levels

Aqua levels, similar to Violet levels, are retrieved every hour, although their characteristics are quite different. Violet levels, for reference, typically hold one level throughout most of the day, then shift to a new level in the evening after the Flow Zone (FZ). In contrast, Aqua levels usually appear near the current price level.

You can find more about Aqua levels here.

Olive - Daily Support and Resistance

Olive levels are generated once a day, around 19:00 GMT. This level consists of three zones. The middle zone is located around the price level at 19:00 GMT. The other two zones are located above and below the middle zone, at equal distances from it. The range of these distances varies daily and indicates the potential movement dynamics for the next day. The lower zone is a very strong support for the next trading day, while the upper zone is a strong resistance for the next trading day.

You can find more about Olive levels here.

Khaki – Dynamic Supports and Resistances

Khaki levels on EURUSD are key resistance levels that play an important role in trading this currency pair. Exceeding the zone defined by these levels suggests that the price should return to them. Particularly important is the zone between the last Flow Zone (FZ), which appears in the morning, and 11:00 AM GMT. Levels ending after 12:00 PM GMT are also settled, but experience shows that treating Khaki levels as resistances until 11:00 AM is safer and has significantly better repeatability. The repeatability of returns to these levels is over 90%.

You can find more about Khaki levels here.

DodgerBlue - Completed DML Levels

DodgerBlue levels, offered by DeepMarketLevel.com, are a unique tool for analyzing the forex market. Their distinctiveness lies in precisely identifying key price levels that statistical models recognize as significant for price movements within specific timeframes.

You can find more about DodgerBlue levels here.