With just one month left to reach a deal protecting ~$1 trillion worth of trade between the EU and UK, this will probably be a critical week for Brexit negotiations. UK and EU haven´t reached an agreement over the Fishing Rights and Competition (EU loves its single market so it wants UK to play by the same rules). The fact that an agreement on such an important...
Descending channel, but stalled at the daily support which also has provided a technical reversal in the form of a Double Bottom so expecting a break of structure, a retest and then a push to 61.8% fib but with Brexit anything can happen so prepared for sells as well!
The pair has broken out of a parallel channel from 2017 and is expected to retrace to test the lower channel before heading lower. The CFTC COT WEEKLY DATA shows that the Kiwi 🥝 Dollar has been getting stronger and stronger bouyed by the swift and effective response by the government on Covid19. Last week's fundamental data from New Zealand has been bullish and...
GBPUSD is Still Uptrend Bias In my opinion 1.34 is a strong resistance area tomorrow market still unclear where thanksgiving event make market low volume With Positive Feeling about Brexit Deal , I think GU will move up , but it's depending on brexit trade negotiation talk
Trade Analysis based on Price Action. With Risk Management You will Never loss. Thank you
EURUSD correlated with DXY . Watch DXY for reversal.
EURUSD correlated with DXY. Watch DXY for reversal.
Here we are more or less back to square one as to where we were in July and testing away at the resistance. Buyers are showing a lack of tenacity! If after the Brexit fact (does not really matter if its a deal or hard brexit deal) we can see the possible outflow pressure really start to make itself felt. The strong counter here should immediately come under...
USD/ZAR Analysis Based on price Action. With Risk Management you will Never loss. thank you
GBP USD at resistance area and the top of the upwards channel. Look to enter sells at this area. Entry @ current price area of 1.3327 or wait for trend line break to enter backside. Good luck and let me know if I can help in any way. Charles V CVFX Management Trading made Simple Oct: +30% growth
Here we look at buying the GBP/USD exchange rate as the market prices in the expectation of a Brexit deal over the coming week. We look at entry price strategies and one-month volatility stop-loss area's.
Having my fundamental bias on shorting EURJPY, this bearish bat pattern that forms up within the sell zone sure gives a nice opportunity to short it.
On high possibility of a good Brexil Deal and COVID-19 vaccine roll-out around the world, it will be easier for the Cable to gain strength against the Swiss Franc, a safe haven currency. However, a 0.236 fibonacci level resistance of the previous 5-YEAR bearish run prevents the medium-term bulls from taking control. The level is also a 0.5 Fibonacci level...
We can see a strong descending channel in play. I believe we will see a break into the lower descending channel to retest .87000 which plays a strong double zero for this pair. The UK’s sentiment with breaking from EUR seems to be more positive than most thought. It seems EUR will be suffering more from a no deal Brexit. With deadlines looming I think GBP will...
Increased incidence of covid19 in the euro area, especially Germany. Social distance constraints were increased to combat covid1. Negative inflation. High unemployment rate. The euro is too tired and needs to rest.
Two main fundamental factors depressed the GBPUSD for the past couple of years—Brexit, and now recently, the Coronavirus. The trade is relatively simple – once there is a vaccine for the Coronavirus, alongside certainty on Brexit talks, a good case can be made for the pair to reach its Pre Brexit/Pre Coronavirus levels around 1.45 Pound needs to meet two...