Deadlock in the British parliament, coupled with the strengthening of USD as a safe haven currency, is likely to dominate price action in GBPUSD. The bullish trend established since the beginning of 2019 looks precarious.
The first green vertical marks Friday 29th's rejection of Theresa May's Brexit deal. The next major events AS THINGS STAND will be as...
You don't need an actuarial science degree to understand the gold price; it rises in times of general volatility in other markets and flattens out when there's growth in other, faster instruments. The Dow is jumping around all over the place,Treasury yields are busting out, Brexit is screwing up the Pound Sterling, so gold is an attractive safe haven. Short some...
With further political problems facing PM Theresa May, the current narrowing range on GBPUSD dictates that a breakout either way has to occur pretty soon. Suggestions of a potential coup against her do not help the overall Brexit picture.
The range established since Dec/Jan has remained solid but recovery from the 21st's sell-off doesn't offer much overall help...
And there it is, finally - the 3-hour pure signal. Solid red bounce off the upper trend line to match all the previous movements in the trend. How far and how quickly it proceeds is Fibonacci's job, not mine.
Enjoy the ride!
So the EURUSD is obeying the institutional game as predicted. Theoretical FIB TIME ZONE suggests 1.1120 very soon. Only question for me is whether the next few hours will see a repeat pattern of testing the upper trend level or if it'll be a nice clean drop beyond the 1.125 mark. The range of the trend is very narrow, so your 1-Day charts aren't much use to you in...
The range for this pair continues to tighten in the ongoing downtrend, the 61.8 line therefore shifting quite noticeably as the entire market slows down prior to Wednesday. A good shorting target might be about 1.1275 once the current peak is stabilised but this is a real test of patience; set your alerts and keep an eye on the news feeds - if we see another...
