By Andria Pichidi
Pound Crosses
UK Prime Minister Boris Johnson tweet-reminded his government’s position: “We are ready to work with our friends and partners to get a deal. But if you want a good deal for the UK, you must simultaneously get ready to come out without one.” Johnson, who will be meeting Germany’s Merkel and France’s Macron this week, is above all...
We can currently see Sterling move just above the weekly support at 1.20000 which also happens to be a major psychological round number.
Looking at the daily it seems to reject the charted support as shown, however there is a lot of strength to the downside caused by the politics including a possible no deal Brexit in the UK and the ever rising US Dollar as we...
A very quick idea update here after a conversation with 'ikovachky' in the Forex chat room.
We are approaching the end of the road with Brexit and timing wise it is finally time to get to work on selling the currency again. The Pound is only going one way with a Hard Brexit and if you are a believer in the bearish UK story, then you know exactly what to do here....
Those who have been following the latest Pound trades will know we are already on the sell-side here.
Here is the latest wave count on the weekly chart, we are playing the range set between 50.0% - 76.4% of the retracement leg since the January 2016.
Dollar strength is coming via yields so we have large money on the move here, the leg will be fast and...
While I have a hard time seeing the Pound gaining much strength over the coming months, right now that is where the technicals are pointing me for the time being. We're above the kumo, we have a bullish kumo twist, and chikou span is above price. So, all the bullish confirmations are there that I need. I've set my entry level right above previous price resistance...
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...
Traders,
Here we have XLMUSDT 1D chart.
It's an interesting idea with interesting title, So let's immediately explain.
XLM time history only found on POLONEIX Exchange..and by looking at the chart we have a situation here:
1- 50MA 100MA 200MA all crossing each-other with an important GOLDEN CROSS 50 over 200
2- ABCD triangle which is the only one left not...
The Sterling is struggling with the Brexit and a new deal, but the interest rate won't help so much, in fact the free fall could break a very important level at 1.1917 and go thru 1.1344 and so at 1.1163. Calm down, that's the scenario if we break 1.1917 only. At the moment, this currency looks good but could turn boring at any time.
Do you want to know more...
By Andria Pichidi - July 29, 2019
Sterling has started the week under a lot of pressure, which follows weekend polls showing, in one case, a 10-point “Boris bounce” swing in favour of the Conservative Party. This will up odds for the new prime minister calling a new election, which he needs to do, and win, if he wants to strengthen his negotiating position with...
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...
*Yellow MA = 200 EMA | Blue MA = 100 EMA
In this video, I go over the approaching support level for OANDA:GBPCAD and the potential play to the top of the consolidation box set after the reversal we see from January 2016 - October 2016. A play from the support to resistance is well over 1000 pips and has two different opportunities:
1. We bounce off of more...
-LOOK FOR A FIB RETRACEMENT SHORT TERM
-TWO DOJIS AT THE END OF A DOWNTREND
-MONTHLY RESISTANCE HOLD STRONG CURRENTLY
-NEGATIVE NFP FIGURES FOR US COULD SEE SHORT TERM GBP STRENGTH
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