GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
MX OIL PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, WISHBONE GOLD PLC ORD 0.1P (DI), UK OIL & GAS PLC ORD 0.01P, MYSQUAR LIMITED ORD NPV (DI), OILEX LD ORD NPV
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
In the screncast I start off with GBPAUD on a weekly time frame and move on into much lower time frames across other pound-pairs.
The geopolical/macroeconomic picture for the UK with Brexit, creates uncertainty.
There are reliable reports of preparations for pharmaceutical stock piling, big push in logistics sector for storage of tinned food and firelighters ...
If one were to plot the exchange rate between the US Dollar and the British Pound, since the beginning of the USD as a standalone currency, you would find one of the most consistent bear trends of the last 2-3 centuries.
If one were to look at the decline of the Pound against the USD from the end of WWII to the present day, you would find an even more defined ...
- Breakout of parallel channel
- Confluence: 61.8 fibonacci level rejection on H4 which happens to be my H4 resistance level (1.3210)
- EMAs crossover with price action below supporting bearish bias
- Bearish sentiment on sterling with uncertainty looming over brexit
- Price seems to be heading back towards the 1.3000 psychological level
- 60 pips target with 30 ...
Hidden bullish divergence on both H1 & H4
Daily major key level providing support
20 EMA on daily acting as a dynamic support
GBPUSD is in a solid downtrend and short term trades should still focus to the downside
However, support from 1.265 and a weekly oversold condition could mean the market is ready to bottom out
The new low formed at the end of last week failed to break the previous low but has held at the same 1.3080 daily support region. This can be taken as the neckline of our potential head and shoulders formation. Moving averages have been holding price down nicely but the last H4 candle has broken the first level of resistance as price headed towards the 1.3150 ...
Continued Bullish movement yesterday as price broke and closed above daily moving averages. The moving averages haven’t yet crossed to the upside so we haven’t confirmed further bullish moves but these may now provide a level of support as we look to retest the downtrend in line with the refined Fibonacci retracement region. This could form the lower high in the ...
With similarities to Aussie on the weekly time-frame we saw price form a bullish retracement to retest the downtrend at the back-end of last week. This was off the back of positive fundamentals and price seems to have formed it's lower high, rejecting the trend which is also in line with the refined Fibonacci region. Price has already broken the simple moving ...
Start of the pound recovery? Possible idea if 134.000 breaks
Price consolidated starting around the 4th of May and finally broke below it on the 18th. Currently we are seeing a potential retest near 1.35000 which was a strong support zone since the 4th of May. I am waiting for a candle formation on either the 2H or 4H timeframes before going short on this one.
Giving last months Carney speech about Interest rates talk being halted due to Brexit talks - Needing clarity on where the country is heading before giving an overall economic out look.
In terms of the Currency The Pound Sterling - Investors are mainly concerned about Brexit & Interest rates, as the bullish rally on the GBP was because the central banks said ...
**TRADE ALERT** SELL GBPUSD -0.41% at 1.39772 S/L 1.4190. Not for the faint hearted as Brexit talks makes this a lively pair but with the long uptrend breaking together with negative momentum looks a decent trade for a downside move. Recent dovish comments from the Bank of England's Carney also supporting this bearish set up.
**TRADE ALERT** SELL GBPUSD at 1.39772 S/L 1.4190. Not for the faint hearted as Brexit talks makes this a lively pair but with the long uptrend breaking together with negative momentum looks a decent trade for a downside move. Recent dovish comments from the Bank of England's Carney also supporting this bearish set up.
GBPMXN (weekly) chart is showing some interesting features, which lead me to be long on lower time frames.
There is some sort of triangle, wedge, or pennant following breakout.
The pattern is holding above a level of support (at this time).
Based on experience, this creates a probability for further moves north.
The Aroon is showing that the bulls are still ...
400 pip target 125 stop, price broke the bullish trend line on 07/02 retested today 08/02 price couldn't maintain the upward momentum and now looks very bearish
We saw key resistance broken on the 02/01, since then we have seen a retest and a rally to the upside. Now we are seeing price rising within a bullish channel an bouncing off the 20 EMA. A break to either side will trigger my trade.
Today i'm visiting my favorite Forex pair to look at and discuss a very long term Elliott Wave count that it appears to have formed. It appears as if in early 2008, a 5th wave completed as a high. From there the market has been clearly corrective, ultimately going sideways. A Zig-zag completed into mid 2015 and from there we have seen a sharp move to the upside. ...
The greenback yet can’t go for a far swim, remaining near 93.00 mark for the second consecutive day. Senate Republicans approved the tax reform plan on Saturday, increasing likelihood of passing the bill, but aligning it with the Lower Chamber may not be easy, since the main discussion will unfold in determining the final burden on the budget, through which the ...