Let’s talk about GBPUSD. The market reached a very important resistance zone formed by 1300.00 level and the downtrend line. We can see that the price bounced from this resistance. A strong bearish candle confirms a price reversal. The same goes about RSI and MACD histogram. DMI shows that bulls are not strong now and they can’t push the market above the ...
Possible supply towards 1,31/3200 and above towards 1,33 and 1,35/3600 and possible demand around 1,27.
Break below 1,27 may expose 1,25.
Brexit related news will drive the market again and we should see highier volatility.
Will look to sell failure above 1,3150
EURGBP is approaching our first resistance at 0.88796 (horizontal overlap resistance, 38.2% Fibonacci retracement , 100% & 100% Fibonacci extension ) where we might see a drop in price to our first support at 0.87625 (horizontal swing low support, 76.4% Fibonacci retracement ).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment ...
GBPJPY shooting up after breaking the previous downtrend and has also broke an important resistance recently. Waiting for a retest on this area to buy, targeting the next resistance, which is also the 61.8 fib level
My idea is that it is entered the accumulation zone. I will wait for a significant signal to start going down then my idea will be that it will continue going down to test the demand zone indicated on drawing (Green).
Producer Price Index fell 0.2% in December, NAHB Housing Market Index climb 2 points in January and Industrial Production expanded 0.3 in December. The ongoing partial government shutdown delayed the December reports for housing stats and retail sales last week.
DXY last week broke 95.70 levels and head towards 96.30. It seems having some resistance levels where ...
Price now in a uptrend setting higher highs & lows. A higher low I will be anticipating to take place at the blue region, where a rebound back to the upside to create a new higher high can be expected to take place next..
=> The fortress to the real economy has been battered, bruised and left with more than a fat lip. In this idea we are going to be digging deeper into the technical side of the chart so that we can begin to get in sync with algorithms and how they are reacting to Brexit.
=> The initial selloff from the vote in August formed a 5 wave correction which is underpinning ...