DCS-INDEX GBP: Bearish USD: Bullish
(this is my first multi-chart post, hope all goes well )) Good morning! I would like to share my longer term look at USDGBP, understand its future movements and relate the movement in this pair to other currencies and gold. USDGBP collapsed from 2.11 to 1.35 in 2008 in a large impulsive A wave. What followed after was a multi-year congestion in which we continue...
The US Dollar has rallied strongly against the Sterling in March. There is a sense that the dollar is over-stretched and might see a correction. This is a longer-term trade and supposing this pair falls away in price from the current high, a possible area to buy is the demand zone @~0.66450. Any move from here may see a bullish extension to ~0.70000. Potential...
The price is retracing right now. However from the point i have draw in my chart we might should expect a price turnaround.
September 28 Timeframe: 4 Hour Trend: Down since September 10th 2014 Retracement: Yes since September 5th 2014 Notes: Price has closed above Minor Support, retracement now expected. Setting up a trade.
Potential pivot here at the support on the sliding parallel. Support is also noted on the Daily chart. Going long with a tight stop