I'm saying, that GBPJPY is in trouble - having pumped north like nobody's business. The technical picture on the weekly is troubled. That means there is opportunity for all traders (long or short) on lower time frames. I'll say no more here. Have a look. And - if you think differently, give to the community your reasoned assessment. It is in giving that we...
Okay so this is my first publication on trading view...
There are two reasons which lead me to believe that there is a possible SHORT entry in place on EURUSD.
As you can see on the graph i have provided there is two sets of 'Tweezer-Tops' have have been formed, these are both strong bearish indications.
secondly, as seen on the (14,3,3) Stochastic Oscillator,...
- Weak pound due to BREXIT
- More upcoming uncertainty with the brexit date on the 29th
- Trade war in the US creating uncertainty on global demand
hurting UK exports (excluding financial sector)
- Trade surplus likely to increase during the fall in demand
- Possible upcoming Austerity in the UK
This is my view of the GBP in the current market state,...
GBP/USD broke very important resistance zone and close with a strong momentum above! I will wait for pull back at my set levels and look for buying opportunity. Bear in mind that we have very big event of Brexit on Tuesday. So price can consolidate and wait for the day start to price in on the vote agaisnt Brexit. On Tuesday we should see big moves in both sides...
On this pair we have a large triangle patter, at the moment GBPJPY trying to break above boosted by better GDP data exp. 0.1/ act.0.2. If bulls will have enough steam to break upcoming levels are pointed by dotted lines and a final target blue line.
BTC/USD made a clear triangle patter. At the moment price is very close to the top triangle (large grey line) also we have a smaller triangle patter next to this resistance (smaller grey line). Break through it can indicate bigger correction to the upside. Be awere there is still plenty of strong resistance zones above (dotted lines) .
In this screen cast I explore the Halloween Effect -which is a seasonal pattern - going back to 2012.
My overall position is that from 2012, the Halloween Effect is more probable, However, it is not 100%.
Statistical studies have been tracking this effect based on data largely based on a far more data before 2012 (but including the time up to the the present)....
Canadian Dollar / Japanese Yen
Price has shown early signs of rejection at the major level of 86.00.
We can see this clearly on the daily time frame. Strong bearish decline and then a few small-bodied candles with wicks either side ( this shows that there is indecision in the market between the buyers and sellers and also a bit of volatility. Three Daily...
will be looking for a rejection off the daily resistance, and from my analysis I predict that the price will fall towards the 1 hour support line followed by a few hours of consolidation, good luck traders!
- Pauric Finnegan