The situation looks very dismal for FTSE100 as since June's High, the index has been trading within a Channel Down that has already lost almost 50% of the post March gains.
Additionally, the MACD on the 1W chart just made a Bearish Cross. The whole sequence from start (Death Cross) until now, loos very similar to the 2008/2009 credit crunch. Have the markets lost...
Today we will talk about Cable (GBPUSD) and its price action + wave structure from Elliott Wave perspective.
Cable is turning south and it's pointing even lower after we noticed a bigger A-B-C corrective rally from March lows. So currently, after recent broken channel support line, we are tracking at least a three-wave A/1-B/2-C/3 decline that can...
After the Tuesday trading session, GU clearly rejected the 1.3000 area. It is a psychological level for the pair and has been trading in this region for several weeks.
The UK has been slammed into lockdown and with EU talks faltering we believe the pair has the potential to fall significantly. Based on the previous uptrend hitting the upper Bollinger band, we...
Price failed to complete a fractal on 2 weekly chart and is moving away from it. Things started to go wrong in July last year...something to do with Brexit and this "wrong bias" keeps going...
We see accumulation above the failed fractal and price is likely to push higher making higher high.
THIS IS NO TRADE SETUP BUT GENERAL OUTLOOK TO IDENTIFY LONG TERM BIAS....
I think most are bearish following this descending channel. I had a previous target of 4900 which I hope for.
Experimenting with an alternative as the market promises a decent upside.
I have particular interest in this exact level: Hypothesis
Investors are waiting for the Brexit outcome from the EU talks and US election which will weigh heavily on UK's...
Good morning receive a cordial greeting. Poer the technician we could expect in the coming months a new bullish structure, have to guide each other with marked supports and resistances, I hope it will help them.
Sincerely L. E. D. Be safe
In Spain at 16/10/2020
Price is moving down a channel in a bearish trend creating higher lows and lower lows.
We can see here price struggled to break past the key level and test the higher lows which means logically it is on its way down to test the bottom of the channel and create a new lower low.
only 30+ pips but still a nice pick.
gbpchf has developped a symmetric trinagle, if you see the volumes are really thin, it means that the market is in a compression mode; there are high chances that the upper trendline will be broken, during these days there will be eu-uk talks and I m pretty sure that a deal will be found, and if this should happen the sterling will push up even though the Bank of...
S&P 500 vs. select global equity markets - focus on the period since Aug 2020... compared consistently in $USD terms via US listed ETFs - United Kingdom EWU, Russia ERUS, Brazil EWZ, Hong Kong EWH, India INDA, Australia EWA, New Zealand ENZL - bonus comparisons to Gold, AUD/USD, RUB/USD.
FTSE 100 we will see a change of tenure, put it in the comments.
They have marked supports and short- and medium-term resistance
This month we will be following it on our list and also the DAX, CAC AND IBEX35
A cordial Greeting L.E.D
In Spain at 6/10/2020