Now is a good time for a quick chart update ahead of the BOE and Brexit countdown.
PM May playing politics with a "Queens Gambit"….by asking for the short-extension till the end of June she is trying to force MPs hands to vote for her deal... Options from the EU are still either for (short) Mid-May or (long) lasting into 2020. The risk scenario which will send...
As expected… PM May defeated on her Brexit deal. Although a smaller margin than the first time, with highlights coming from David Davis switching sides and a softer Jacob Rees-Mogg.
Round 2 is in play for the House of Commons tonight. The house are voting on whether it supports leaving the EU without a deal. Markets are overwhelmingly expecting this to be...
It's been a month since Boeing's share started taking hard hits following the crashes of their 737 MAX aircrafts that gained a lot of unfavorable media exposure. The biggest hit was the March 11 1D candle that left a big $13 Gap.
The recent (since 2018) price action on BA shows that every 1D Gap (either bullish or bearish) was filled. So in technical terms one...
Price got rejected at resistance at the start of the gap. Approaching buy zone again and 200SMA. Great opportunity to catch the next rally, target to close the gap. Stop with a buffer below the 200SMA.
We have a very similar setup to that in GBPNZD (see attached: "Expanding Diagonal in GBPNZD" for more information on the technical side as we will not be covering that here).
As expected the House of Commons rejecting the idea of a no-deal Brexit yesterday (although by default unless there are any changes we are heading for this outcome so it still remains in...
The previous idea "Strengthening the immune system" received a lot of traction and it is time for a quick update here ahead of the vote in HoC today.
Volatility remains very high in the cross, and after the sharp drop overnight the ladder has been cleared for a move back through
resistance at 0.8670.
Watching this very closely and we have the potential for a...
Due to recent news of Boeing 737 Max, we could potentially expect further downtrend. Boeing has been under lot of criticism. We all know that Boeing is fairly strong company. However, I doubt Boeing will recover anytime soon due to the recent negative PR. The regression trendline explains 60% of variation associated with current trend and price. If we were to...
Look for a break under this line to short or confirmation of strong support. A break would be accompanied most likely with strong volume as the line shows the volume point of control (vpoc) area found with big volumes circled below.
Looking bearish and long term graph still overextended after The insane rally bringing it to 440 level.
Scalpers could make good...
1. Unable to break above 50-EMA 'Monthly Chart'
2. Not on this chart, however, GBPNZD rejected 61.8% Fibonacci
1. Kiwi dollar has been weak over the last 2-weeks, post-RBNZ dovish 'reality check'
2. GBP requires another 'reality check' too and moving lower (10%) has the capacity to hit the British. All GBP pairs require some...
the stumble of a giant undoubtedly the current problem with the plane model max has brought a blow to the coffers of the company. added to this is the stagnation of the product . and the compensations and more. but in past occasions this giant underwent stress of great magnitude and with the the time to time the giant was reincorporated to take the next step.
Open position at $362
Stop loss at $365
Take profit at $353.5
Why this play?
It just broke that support line i had, it may pop up for a little bit but will be breaking it again.
talked to a pilot a week or so back regarding the 737 situation.
He was telling me it was completely Ba's fault and there was no way they were getting out of it.
The EU offering a very short unconditional extension of the Brexit deadline as expected with the possibility of an extension till 22nd May if the House of Commons pass the WA before that. If the House of Commons rejects PM MAY’s deal, the UK will either leave on 12th April or need to come up with an alternative way forward for the EU Council to consider...
A "dovish" surprise from the Fed yesterday ...but does it really matter?
Well the removal of 2019 hikes is worth highlighting because it does not fully support the story we are being told from macro data meaning the bar is set high for any further hikes.History tells us it’s very unusual for the Fed to pause for a long time in hiking cycles before resuming...