Brexit day starts! Can PM May finally secure a deal? Could the Irish border issue be resolved? How GBP could react in the next 24 hours?
The EU summit in Brussels will be put the focus firmly on Brexit, although the president of the European Council, Tusk, said yesterday that there is “no grounds for optimism” with regard to reaching a breakthrough in ...
An example newbie analysis:
Targets: 2255 & 2263
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I want price to come up and give a 4th rejection on this small trendline.
Price may wick further back to the 2nd red line I have placed and for that reason I may have a bigger stop loss.
News coming at 4:30 AM, so keep that in mind.
December Live Cattle is on the last shoulder of an H&S. 20 day MA has become resistance. Fall from this pattern might set live cattle back to uptrend line based on height of the last shoulder. Long term trend is still bullish. If cattle can break 119.350 R1, the H&S would falter and a continued uptrend would take us to R2. Stochastic RSI has crossed over ...
Downside risks has been dominated the CAD/CHF currency pair since the rate reversed from the upper boundary of a long-term descending channel at 0.7710.
The pair managed to reverse to the upside from the Fibonacci 50.00% at 0.7565. Currently, the exchange rate is trying to surpass the resistance cluster formed by a combination of the 55-, 100-, 200-hour SMAs, ...
The Russian Ruble has been appreciating against the US Dollar after the currency pair reversed from the resistance level formed by the monthly PP at 67.17. This movement has been bounded in a falling wedge.
As apparent on the chart, a breakout from the pattern should occur in the nearest future. From a theoretical point of view, the exchange rate should break ...
The Singapore Dollar has been appreciating against the US Dollar after the exchange rate reversed from the upper boundary of a medium-term channel at 1.3870.
As apparent on the chart, the pair is also trading in a short-term descending channel. From a theoretical point of view, the pair should follow the junior channel and aim for the lower boundary of the ...
The Euro has been appreciating against the Swedish Krona after the currency pair reversed from the Fibonacci 38.20% retracement at 10.32. This movement has been bounded in a short-term ascending channel.
Currently, the pair is trading the lower channel line at 10.36. Also, the pair is pressured by the 55-, 100– and 200-hour SMAs located in the 10.39/10.45 ...