magbrr

magbrr

uk.tradingview.com On a 4 hour basis, a 4 hour sustained close below 1.05959/1.05810 cluster area (purple arrow) should open up route to 1.04515 key support level (green arrow). However we are attentive to bullish divergence seen between 4 hour MACD and price (black lines). On the upside, a 1 hour sustained price close above key resistance 1.07111 (blue arrow)...

magbrr

uk.tradingview.com Our outlook for EURUSD in the bigger picture is cautiously bearish. The pair seems to have traced or is tracing out what seems to be a large A-B-C pattern with the final leg of wave C still unfolding as shown above. However we are attentive to the clear bullish divergence on Weekly MACD as shown in chart above (red lines).

magbrr

uk.tradingview.com EURUSD -0.01% is showing very strong signs of a bottom at the 4th of January 2017 low near 1.04156 (blue arrow). It describes a 100% move of wave A projected from B as shown which appears to be a common relationship between waves A and C in corrective zigzags and thus attempts to describe the completion of wave Y within a larger corrective...

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LSE:LLOY

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uk.tradingview.com LSE:LLOY LLOYDS Banking Group appear to be towering higher. However, today we await confirmation above 67.951 to confirm 74.840 as objective target. Below 62.121/60.725 and 59.362/59.179 support zones is needed to confirm extension of current price correction to 54.791/54.209 zone. Happy Trading!!

magbrr

Fundamentals : With UK economy showing all the signs of deflationary mechanics with no end in sight, the US economy providing a more stable reference point and Chinese demand confirmed to have slowed down significantly, GBPUSD still poses a bearish outlook irrespective of what the US FED reserve chooses to do next week. A flat or worse than expected...

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Fundamentals : With japanese M4 Money supply expected to come in flat later on to be same as last month's reading, and the US FED fund rate hike in doubt for next week and china importation data coming in lower than expected, USDJPY pair looks set to play out the risk aversion card. Technicals : Our position still remains cautiously bearish in the near...

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Fundamentals : With euro zone interest rates remaining at the all time low of 0.1% and comments from ECB Governor, Mario Draghi, last week that continued downside pressure is being observed on the euro zone economic area and the ECB stands ready to extend its QE program where necessary, we perceive capital flowing readily out of the euro for greener pastures...

magbrr

Fundamentals : With UK earnings for July coming in lower than expected at 2.4%, unemployment rate steady at 5.6%, consumer prices rising to 1.0% whereas retail sales to consumers quite sluggish at 0.1%, no improvement on the quarterly GDP estimate at 0.7%, Services and Manufacturing PMI's quite lower than expected at 55.6 and 51.5 respectively there is no...

magbrr

From the swing low of March 2015 to date, Elliott wave count shows sub-wave 3 of C is currently still in progress. Strong chance for one more leg up to complete wave (v) of 3