Potential Short position as I believe the trend will break through the triangle and continue bearish move towards the support level
61.8% retracement. RSI Divergence in 1h timeframe SELL with the blessings of fundamentals
The pound has weakened, after preliminary results showed that the conservative party may lose the overall majority. www.bbc.com
Price is approaching a level of support. Wait for rebound or break. Be aware of the results in the UK election.
Keep an eye on these 8 tonight and tomorrow!
Difficult to call, but a strong May victory could see the GBP break up from the current zone and break into the 1.30's? Anything else (results wise) and GBP is heading back south!?
As many investors are preparing for the UK General Election we see very little indication of that in terms of pre-election market price moves. On April 8th 2017 the UK Prime Minister Theresa May has called for a General Election to be held on June 8th 2017. Since then we have seen the pound rally to new highs in 2017 and surely things seemed to look a bit...
Hey all, I've mapped out the potential completion of a bearish bat pattern that should signal a reversal for this particular pair. I'm setting the entry just beneath the 0.786 level of the larger Fibonacci retracement so that the movement can be confirmed to be reversing. Following the entry, we have 3 potential target areas that the price might be headed towards:...
Is CHF even a safe-haven currency anymore? Who knows. I think people are going to sell GBP and buy CHF (and probably JPY) in the period leading up to the election.
GBPUSD: Sterling is holding up well as UK enters final week of elections. Whichever way it snaps from here will be worth trading.
A lot of consolidation going on for the past couple of weeks. It is looking for the proper direction. If it breaks upwards, it will go to 2.0+ but my bias is a downward move. AUD has been sold off aggressively across the board and Sterling will be tested with the General Election coming up. The conservative party is losing some steam. This is not the most liquid...
The french election. Who will win? Macron or Le Pen? What does Le pen want with France? Le pen is very anti EU (Europian Union), she believe that France should leave the EU. But why this? She is the partys "Front National" presidential candidate. This polical party supports nationalism, which (in this situation) means that the focus should be on France only, with...
How influential will the French election be on markets? How influential will the French election be on markets? 8 Hours Ago | 02:29 The euro reached a five-and-a-half month high against the dollar when markets opened Sunday evening as exit polls in the French presidential election indicated a victory for centrist Macron. The single currency jumped to $1.09395...
See chart for fundamental and technical analysis. I have given a timeline of Brexit events and the reasoning for its effects on the Pound Sterling. The combination of technical analysis and a strong likelihood of a Conservative landslide (Soft Brexit) should see the GBP surge, and hopefully see GBP recover to its pre-Brexit highs.
Two days before the first round of the presidential elections (23 April), the uncertainty remains high. Take the opportunity of a risk-friendly scenario or a strong risk aversion scenario by pending orders of both sides. The nightmare scenario for the market would be a second round between Far-left and Far-right candidates. Trade the EUR against JPY, considering...
OVERALL VIEW: SHORT. The pair moves in long deep waves. Failing to break the previous highs, we've seen the market begin a new downward cycle of lower highs, held only by 38.2" fib on the weekly chart. This acted as resistance straight after the Brexit rally, and has since been tested three times and held as support. Demand is doing well to hold this favored...