FX:GBPJPY, OANDA:GBPJPY, FOREXCOM:GBPJPY, SAXO:GBPJPY
Price continues to trade within the triangle formation.
Bespoke support is located at 136.10.
There is scope for mild selling at the open but losses should be limited.
Intraday signals are mixed.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
A look back at the market in the run up to Brexit, With the countdown about to strike exactly 10 days until the deadline what are your thoughts on the market.
This chart is not financial advice and is only a look back at the lead up to Brexit.
Below is some links to large news story's that came out that had effects on the markets.
----- References On Chart To...
My analyses of VOD Vodafone share price
1) June rise to 160p if it remains on the trend
2) September ending possible rise to 180p again if it remains within the trend
Disclaimer: this analysis is not guaranteed however highly likely historical trends and current trends
Loads of people are scratching their heads about Bitcoin at the moment, while some are chewing on their finger nails.
For those types the big question is 'Is it going to go up or down?' The latter is actually a novice-type question. Novices are occupied with which way 'it's going'.
More seasoned traders will know that all you can do is take a calculated...
This is one of my more speculative charts, market conditions can change and wave structure is based on likely supports and resistances.
1. Bull Pennant - The current price action is making a bullish pennant with bullish divergence on the RSI, the target for this taken from the flagpole is the 10k area. (Wave 3 target, wave 4 being placed at a support test)
I forecast that the price of bitcoin will drop to the previous support level of around $5980 USD, before gradually making its way back up to the resistance line of around $8,073 where the price will then change direction again unless the bulls can break through this line of resistance, in which we could see a return to a bull market.
Like this post if you agree,...
I tend to watch trends. Higher time frames show the bigger picture and avoid much of the noise within 30 min and 1H time frames. GBPEUR or EURGBP is at a crucial stage.
The following on GBPEUR taken altogether may be indicative (not predictive):
1. Very low cross of Aroons on 1D
2. Vstops (20,4) signalling change of trend on 1D and 4H.
3. Price favouring to...
The markets are expected by me to go wild over the next few days/weeks. Expectation is not prediction in my philosophy. . There is likely to be even greater uncertainty about the economies of the world. When there is deep uncertainty, people reach for tangible ways of protecting their store.
There is considerable risk that the global Ponzi scheme may come...
Panic and doom are transformed overnight by relief, hope and greed - in what is widely known as the biggest Ponzi scheme in the history of the world. Google and YouTube are your friends.
This is not a prediction - it is an expectation based on hard facts that are out there.
Yes - the markets are always right as I hold no power over the future. But there is a...
GBPUSD has formed a short term base. The trend score on my model has maxed out at -100 so some relief can be expected. I am looking for a pullback towards what should now be support to take a new long position. Stop loss on the position is 25 ticks lower. Idea will cancel at 4pm if now fill has been achieved.