GBPUSD - At the end of last week GU traded to lows of 1.32 on the brexit vote, before retracing substantially to 1.39 by the end of the day. - GU retraced 600-700pips after the brexit event IMO solely as investors took profit from their shorts (which causes buying) - thus there was no structural reason for GU recovering e.g. it was that 1.32 had mispriced GU...
Keep away from sidewalks under windows. MACD: RSI: Will the monster eat you too?
My view for next Quarter on GBPUSD. If this Low made after Brexit holds (1.3226) , then we can have this scenario: Close of this Month/Quarter with a blue candle at around 1.4514, then a downtrend to around 1.2460. Next quarter High must be at around 1.4505 to this scenario works, however current month could go higher, but not to much. Around 1.2460 many things...
Cable is looking like it might slip out of this bearish flag soon for fresh downside. Might be limited to 1.34-30 areas.
Markets were caught off guard today by Brexit vote victory. As said in the GBP posts yesterday, markets were expecting Bremain and hence had positioned themselves for the same. No wonder, Cable was trading at 1.50 in early Asia today. What this also means is the drop in the Pound isn’t serious. A few days ago Cable was hovering at 1.40 before the ‘Bremain’...
Cable is running higher in anticipation of 'remain' vote victory. The result the pair is trading well above the inverse head and shoulder neckline seen on the daily chart at 1.4830. However, it is premature to call a bullish break here, given the daily close needs to be above 1.4830. Even if we do have a day end closing above 1.4830, it is slightly risky to...
GBP/USD clocked a high of 1.4842 levels today on falling Brexit bets. Cable has priced-in 'Bremain' to a major extent hence upside in case of Bremain could be limited. But this also means Cable could fall sharply on Brexit shock. This means pair could fall to point C = 88.6% = 1.3950. We could head higher from there as a lot of cash is waiting to enter the UK...
In the previous post we have used the Price Action data from the Scottish UK Referendum for GBPUSD for the 3-days on and around the vote so the 17th, 18th (vote day) and 19th (result day) of September 2014 as a gauge to forecast whats in store for Price action on Wednesday, Thursday and Friday this week (the parallel days for both of the referendums). ...
UK EU Referendum (Brexit) vs Scottish UK Referendum Price Action Forecast: - We will use the difference in ATR and volatility between the 3-day run up into UK EU Referendum (UER) and the Scottish UK Referendum (SUR) in order to forecast what we expect price action to show on the 22nd, 23rd and 24th. 2014 SUR 3-DAY EVENT (17,18.19) 1. 1-Period ATR for the...
TRADE WITH CARE THIS WEEK AS FUNDEMENTALS WILL RESULT IN MAJOR VOLATILITY ACROSS THE GBP AND EUR PAIRS!. A FULL ANALYSIS BREAKDOWN WILL BE UPLOADED ONTO MY YOUTUBE CHANNEL BedroomBillions, Follow me on Twitter & Instagram @ Billionsfx , for regular market analysis Following the upcoming brexit referendum gbpusd is likely to see large amounts of volatility,...
With the Brexit referendum vote on Thursday (6/23), markets are still volatile and uncertain with whether or not British voters will decide on leaving the European Union. As the Brexit polls began indicating that the "leave" vote began leading into this week on gaining momentum, the perplexed media were at odds on how to exactly explain the "phenomena." First,...
Since the latest Brexit Poll, GBPUSD exploded from 1.4 to 1.46. That was a continuation move for the rally that started from 1.38 after the completion of a bullish Crab GBPUSD was the only currency among the Majors the defied the dominance of the mighty Dollar.. Now it is reaching a weekly resistance you should pay attention to - 1.48-1.5. Weekly structure and...
We may still see cable move upside temporarily. But overall trend of GBPUSD is still down.
Cable was not able to move up to our target from our previous analysis. Instead, it continued moving down, which tells that a top has been formed already. Price has room towards its 1.618% fibonacci level at 1.4055 before it corrects up.
Recently published economic data out of UK suggest that the market is overly pessimistic on UK economy. If Brexit fears abate, Cable will rise very sharply. Now we have a low risk long opportunity right now. Price is at the bottom of the rising channel. Entry, TP and SL levels are all shown. Good luck, Ali Sharif Azadeh, CFTe
This article compares the price and technical analysis of GBPUSD in the 10-weeks leading into the two events in order to gain an execution-able advantage going into the UK EU Referendum taking place on the 23rd June 2016. Price Action and Trends Scottish UK REF - 10 weeks = 14.July.14 to 18.Sep.14 - The first 8 of the 10 weeks GU traded extremely bid, ...
This article compares the price and technical analysis of GBPUSD in the 10-weeks leading into the two events in order to gain an execution-able advantage going into the UK EU Referendum taking place on the 23rd June 2016. Ranges Scottish UK REF - 10 weeks = 14.July.14 to 18.Sep.14 - GU started the period at 1.7000 and closed the period at 1.64000, with...