I continue to recommend the FXB ETF as a swing trade. I agree more with the bears on the British Pound than the bulls. But I think in the short to medium term it is the US dollar’s turn to suffer pain, and I think the fears in the Pound and Euro are overdone.
The fear on the Pound is that the BOE is going to react to the Brexit by inflating madly...
11/26/17 – November, outside month up, bullish month.
2 inside bullish months within September. There is no
argument that this currency is going up. Railroad tracking
the 20 & 40 up since June 2016. Timeframe continuity.
There is no actionable signal to believe the price is headed
down. With a continued bullish move we can expect target
areas of 132.50-136 to...
This currency has been pounded against the dollar. This chart is showing a strong double bottom with macd showing good upside potential. Look to go long on break w some resistance at 200 dma. Then up to the down trend line. could get around 10 points
I don't trade the currencies the way most of you do. So I am sure you have a much better way to trade this. But just looking at the British pound ETF I expect at least a bounce at the 128-130 level. But it could also be a long term bottom esp wtih that volume spike. Hope this is helpful. Take care. Have a great weekend.
We re expecting a 900 pip move on tthe pound dollar by July 15 Expected move on pound nzd is 1877 pips, pound yen 1145 pips, pound swiss 600 etc... Brexit will cause over 8,000 pips of movement in the pound pairs over the next three weeks. We have expectations of a high level and extremely safe trade on the FXB. I have no interest in trading the earthquake and...
I really like how washed out this pair is. Sentiment was absolutely extreme for both instruments, giving way to a gigantic reaction after hitting rock bottom here.
I reccomend being long the Pound, and short Gold overall, one way of doing it is perhaps selling FXB puts at the money, on top of any FX trade that you might want to take. Perhaps you can opt for a pair...
the pound broke out of last year's high and tested it so now its finally going to rally hard after 5 years of accumulation. On a yearly chart, last year was a low volume pin bar back into a high volume absorption bar so all the supply is out of the market and is ready to rise with very little resistance.