Hello Traders,
As we are drawing closer to the EU referendum, and a potential BREXIT I would like to post my bias.
We have an abundance of confluence supporting a continuation of the overall bearish trend of the GBPUSD.
We have the 200 EMA acting as resistance, which has held after being tested on a number of occasions.
We are currently at a resistance zone...
Evaluating the strength of the EUR against GBP, comparing this to GBP/USD, August seems to be a key month where we see the beginning of a trend occur following economic events such as a recession, eurozone crisis, eu referendum etc..
Following events yesterday, the GBP has significantly declined in value and i believe below are a few reasons that has resulted in...
On the monthly chart above i have posted key points in previous years where the pound has taken a dive against the dollar. August 2008, the recession hits, the value of the pound drops from nearly 2.00000 to 1.35300 in 6 months. August 2012, the economy enters a double-dip recession after two consecutive quarters of contraction in the economy. Now, late June 2016...
I am staying well out of any trades this week as i am expecting the market to be extremely volatile with the anticipation of the EU referendum. However this is just an idea that it appears traders are taking the position that they expect the UK to stay in the EU as the Euro declines as the GBP grows in strength. Stochastic/MACD/RSI all show a strong correlation...
Hello Traders,
We have a potential BAT pattern If price can reach 1.4094. Today CPI Inflation figures came out less than expected at 0.3% which has helped pushed price down close to our level of entry.
This area has confluence of support and trend line support.
There seems to signs of indecision in this area too.
If we can continue to put in higher lows this...
This pair is showing a nice trend - counter trend pattern. We have had the ABCD move down and have completed the countertrend move. Using ichimoku we can pick an entry point, when we get a candle closer with good momentum below the the Tenkan sen, we can short this pair. The last hourly candle is a Bearish engulfing which adds to the trading idea. With the EU...
This article compares the price and technical analysis of GBPUSD in the 10-weeks leading into the two events in order to gain an execution-able advantage going into the UK EU Referendum taking place on the 23rd June 2016.
Price Action and Trends
Scottish UK REF - 10 weeks = 14.July.14 to 18.Sep.14
- The first 8 of the 10 weeks GU traded extremely bid, ...
This article compares the price and technical analysis of GBPUSD in the 10-weeks leading into the two events in order to gain an execution-able advantage going into the UK EU Referendum taking place on the 23rd June 2016.
Ranges
Scottish UK REF - 10 weeks = 14.July.14 to 18.Sep.14
- GU started the period at 1.7000 and closed the period at 1.64000, with...
This article compares the price and technical analysis of GBPUSD-0.27% in the 10-weeks leading into the two events in order to gain an execution-able advantage going into the UK EU Referendum taking place on the 23rd June 2016.
Ranges
Scottish UK REF - 10 weeks = 14.July.14 to 18.Sep.14
- GU started the period at 1.7000 and closed the period at 1.64000,...
