Over this year expecting a possible strength shift in GBP. The TRY took a massive hit in the last COUP causing a huge spike in the GBPTRY exchange rate. The long term political instability is likely to continue as it's not the first time this has happened. Exchange rate likely to reach levels seens during that time.
Daily resistance however majority sentiment looks short - Potential breakout because fundamentals are looking stronger for GBP - Would target all the stops for the masses - Potential 1:4 Risk Reward until the next selling area - Brexit delay reduces some of the uncertainty with a possible deal by may - Allows time for legal infrastructure changes in businesses in...
GBP - Brexit delay released some uncertainty for a deal in the UK and to organize the legal structure of companies - FOMC meetings in the US showed they are not going to raise rates causing investors to choose alternative securities to get better returns on investment - Daily/ 4HR support in sight, signs of buying already at hand. - STRONG fundamental scores in...
Yesterday the price rose as high as it has never been for the past 2 years. Considering today and tomorrow's Brexit voting (depending on how it goes) price might push up to 1.9000, but unlikely any further given that GBP already rose by over 1.07% yesterday. So I think its safe to assume that price will turn bearish for at least the up-coming couple of days.
Currently the price is resting in an important support, which has prove to be a strong support for a while now. Checking the Weekly and Monthly chart you will see that there are very few instants that broke this support area. Considering the The US dollar is going to remain soft due to the fact that the Federal Reserve as of late has adopted a loose monetary...
Tonight, I wanted to do something a little different and look at crypto at a macro level, using the BitcoinUSD pair as my basis, since it is widely considered the "reserve currency" of cryptocurrency. I'm using Coinbase exchange, since it is arguably the most available to everyday people, so I can look at the broad sentiment of the market, not just traders, bots...
The price has reached the lower trend line and tested the 143.500 support. Hence its expected to bounce up as we have a bullish trend here. On the other hand, we've got voting for PM Theresa May’s new proposal tomorrow (12 March). So expect some notable fluctuations for the days ahead.
Fundamentals: NZD - "NZ trade deficit hits $791m in Jan - double expected figure" - "Higher living standards, slower economy: Expert's take on CGT" - "Economy Hub: Business gloom getting worse - new EMA chief" EUR - The pan-European Stoxx 600 finished provisionally up 0.35 percent with almost every sector in positive territory. Autos were the top...
Once again I want to apologise, for the previous post. Honestly it's been a f**ked up week, reason for that a lot of fundamentals news especially from GBP ( Brexit which affected EUR also) EurJpy was for sell, but brexit news sent EUR higher than it should, We had dollar news (very very good) but the market didn't respond, very confusing. My fav quote about...
Last week, the UK’s Prime Minister May lost in Parliament trying to pass her Brexit deal, then in a head-spinning act of cognitive dissonance Parliament passed a bill asserting they did not want a no-deal Brexit. Then, quite predictably, they passed another bill telling May to go to the EU and ask for an extension. While the politics of this are a bit intrinsicly...
I predict GBPJPY Looking for Demand area and continue bullish. Either JPY news will help the movement or Unemployment rate for GBP.
This chart depicts the gold price in dollar for the next decades. As a background it is highly recommended to view my idea here: This chart depicts the US gold reserves divided by the interest on debt. The interest on debt is calculated as a proxy by multiplying the 10 year interest rate with the total federal debt. Whether this is accurate or not is not so...
NZDCHF SHORT Wait for certain conditions before a possible entry: - Congestion - Short Candle formations - Fundamentals to continue being in favor for a short CHF - Major holder of gold - Uncertain economic situation causes investors to buy gold through brexit, trade war and EU debt crisis - This appreciates the CHF NZD - "NZ trade deficit hits $791m in...
NZDJPY SHORT Wait for certain conditions before a possible entry: - Congestion - Short Candle formations - Fundamentals to continue being in favor for a short News Outlook: JPY - "Japan's economy grew faster than estimated in Q4" - "Japan's household spending rises 2.0% in January, up for second month" NZD - "NZ trade deficit hits $791m in Jan -...
Binance is actively trying to capture institutional capital, is creating fiat-crypto gateways all over the globe, will launch a second and decentralized exchange, has a token economic model based on increasing demand whilst reducing supply, and is the industry’s favorite exchange. Launchpad The Launchpad project is a fundraising platform upon which tokens can...
Overnight we saw the Aussie take a a hammer blow. With below-forecast Australian Q4 GDP signalling that the country officially entered a “per capita” recession for the first time since 2006. The Aussie was originally pressured by Governor Lowes reiteration of his neutral stance whilst he also noted that is hard to see an RBA rate hike this year. This is what he...
This is a perfect setup of for chart patterns! Left shoulder, head and right shoulder has formed price has dropped to the neckline. Price may break through neckline or bounce off as a correction then break through. Resistance is found @0.71750 whereas Support is located @0.70179 which is also found at the 50.0 fib level. This validates the neckline of the head...
Based on nikkei and interest rate of canada cadjpy should rise more than 150+ pips from my point.