HaydenKing

Somthing to Think About #2

FX_IDC:GBPEUR   POUND STERLING / EURO
In the grand scheme of things it looks as though a shift is ready to take place. It has taken me some time to realize that shift but it is finally here. Take look at the GBPEUR             to the left. Notice how its price moves are converse to that of WTI, EURUSD             , and XLE             .
The yellow circles you see are areas where similar behavior is forming. In the GBPEUR             the opposite behavior is forming to the downside. You can see this correlation is approaching a long time resistance level. Just as the EURUSD             is approaching a long term support level.

Oil             looks to correlate positively with the movement of the EURUSD             . As it also moves in exaggeration to the XLE             . Using specific points on the XLE             as support and resistance . Could I be on to something.....YESSSSS or Maybe I"m reaching...?

This can all simply be money moving back and forth. Most regular people like to sit in cash. There are times where this is good reasoning. Don't just sit in it. Swim in it till you are ready to strike and when you strike do it with the speed to the Millennium Falcon in hyperdrive.

Note: Might be a good idea to run some spreads on these instruments.

Should we be watching the EU and UK to know where we are going?
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out