Good day, dear #investors and colleagues #traders!
Your attention to the analysis of the currency pair #Gbpusd:
The asset ended the week with a decrease of 775 points or -5.79%. This is the worst drop of # pound, it was worse only on the day of #Brexit, if we consider modern history.
The volatility of the current week amounted to 931 points (Range - coefficient).
#Comment_by_past_week:
The currency pair ended the week with an incredible decline, and given that the euro did not suffer so much against the dollar, it should be concluded that the main reason for the fall was the spread of government bonds.
From March 9 to Friday closing, the US10 & UK10 spread widened from 0.32 to 0.58. Although these are minimal changes for an ordinary trader, these are great indicators for the bond market.
The Fed intends to lower the rate next week. Rate futures suggest a decrease in this indicator from 1.25% to 0.5-0.75% with a probability of 100%.
Moreover, there are rumors that the Fed may provide repos to banks for $ 4 trillion and lower the rate to 0-0.25%.
If this happens, the spread between the bonds will narrow and the currency pair will rise again.
#Technical_analysis:
Globally (D1):
The currency pair came close to the global support zone 1.23-1.20 from where the pair was in constant demand.
The likely place to buy may be zone 1.2178.
Locally (H1-H4):
The currency pair is falling in the downward channel, breaking 2 times over the past week, first on March 12, then on March 13.
Now, if the current quotes have already shown the bottom, then you can use it to build the Fibonacci.
#Indicative_analysis:
- Leading indicators: At the close of the trading week, leading indicators of the fund, demonstrate the presence of a currency pair in the "zone of potential purchases."
- Indicators of price behavior: At the close of the trading week, indicators of fund price behavior demonstrate the exit of a currency pair from "Normal price behavior".
- Trend indicators: At the close of the trading week, the stock trend indicators show a steady downward trend.
=> Total: All indicators indicate extreme oversold currency. Thus, we will use any stabilization or growth of the currency pair as an opportunity to open long transactions.
You can see the exact purchase prices at our signal or in our social networks.
For traders we provide a service - copying transactions from our trading account.
(You can begin from 155 $)
For investors, we provide a service - account management.
(You can begin from 155 $)
If you want trade with us (retranslate our deals to your account get us message here -> wmci.messagecenter@gmail.com) ;
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Your attention to the analysis of the currency pair #Gbpusd:
The asset ended the week with a decrease of 775 points or -5.79%. This is the worst drop of # pound, it was worse only on the day of #Brexit, if we consider modern history.
The volatility of the current week amounted to 931 points (Range - coefficient).
#Comment_by_past_week:
The currency pair ended the week with an incredible decline, and given that the euro did not suffer so much against the dollar, it should be concluded that the main reason for the fall was the spread of government bonds.
From March 9 to Friday closing, the US10 & UK10 spread widened from 0.32 to 0.58. Although these are minimal changes for an ordinary trader, these are great indicators for the bond market.
The Fed intends to lower the rate next week. Rate futures suggest a decrease in this indicator from 1.25% to 0.5-0.75% with a probability of 100%.
Moreover, there are rumors that the Fed may provide repos to banks for $ 4 trillion and lower the rate to 0-0.25%.
If this happens, the spread between the bonds will narrow and the currency pair will rise again.
#Technical_analysis:
Globally (D1):
The currency pair came close to the global support zone 1.23-1.20 from where the pair was in constant demand.
The likely place to buy may be zone 1.2178.
Locally (H1-H4):
The currency pair is falling in the downward channel, breaking 2 times over the past week, first on March 12, then on March 13.
Now, if the current quotes have already shown the bottom, then you can use it to build the Fibonacci.
#Indicative_analysis:
- Leading indicators: At the close of the trading week, leading indicators of the fund, demonstrate the presence of a currency pair in the "zone of potential purchases."
- Indicators of price behavior: At the close of the trading week, indicators of fund price behavior demonstrate the exit of a currency pair from "Normal price behavior".
- Trend indicators: At the close of the trading week, the stock trend indicators show a steady downward trend.
=> Total: All indicators indicate extreme oversold currency. Thus, we will use any stabilization or growth of the currency pair as an opportunity to open long transactions.
You can see the exact purchase prices at our signal or in our social networks.
For traders we provide a service - copying transactions from our trading account.
(You can begin from 155 $)
For investors, we provide a service - account management.
(You can begin from 155 $)
If you want trade with us (retranslate our deals to your account get us message here -> wmci.messagecenter@gmail.com) ;
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
