You can find my commentary & justification on my blog below
PLEASE send comments, commentary, thoughts, what I'm missing, any positive or negative constructive criticism is appreciated.
I think it's really hard to predict what is going to happen with GBP-EUR due to the climate of uncertainty currently in the UK an the EU.
The EU is struggling to re-arrange it's finances after the UK's departure, also this budgeting turmoil alongside populism and nationalism exacerbation in some EU countries, seem have put the EU expansion plans currently at...
News being dropped on the eur today got back a few lower numbers than expected and a lot of countries being on quarantine in Europe because of the coronavirus we are going to short from the 4 hour structure line which is yellow to the monthly structure which is the brown line !
Perturbator Analysis GBPEUR:
In the first year of data recorded by the Wilkinson Microwave Anisotropy Probe (WMAP) a region of sky in the constellation Eridanus was found to be cooler than the surrounding area. Subsequently, using the data gathered by WMAP over 3 years, the statistical significance of such a large, cool region was estimated. The probability of...
this pair broke major trend lines, but I think it could be an exaggeration from the pair FX_IDC:GBPEUR
we could see a break on the candle we're trading just now, think there is some more consolidating to go.
.: TLRwealth Analysis :.
#GBP #GBPUSD #GBPJPY #GBPEUR #GBPCHF #GBPAUD #GBPNZD #GBPCAD
In this analysis, #TLRwealth will find the best opportunies for GBP by "multi & inter convergences" between all the major #currencies in the #forex market.
From Y1 (yearly) timeframe to D1 (daily).
And in separated threads analysis, we will spot the best GBPXXX...
As Boris sticks two fingers up at Europe, the EU27 jab at the UK's weak spots in Gibraltar, N. Ireland and Scotland. France blocks important deal to save British Steel from collapse. Whilst Boris continues to make words, the EU is done talking. Is an economic cold war brewing?
2020 is a year of extreme volatility in North America (Trump impeachment/election),...
GBP is best performing currency today, so far. But the second one in line is EUR, hence why we are not seeing a major acceleration to the upside. For now, it looks like the pair could drift further up, while balancing above its short-term upside support line. But we are not excluding a scenario of seeing a small correction first before another leg of...
Pattern: Channel Up on 1W (dashed channel).
Signal: Bearish as after the price failed to cross the 1M Resistance Zone, it got rejected on the 1D MA200 and the Channel Up broke to the downside. MACD also rolling over.
Target: 1.1460 (symmetrical Support A) and 1.1000 (symmetrical Support B).
Once again, this is one of my indexes. Keep in mind that if the index is bullish that means the currency is bearish.
Across the board it is pretty obvious that the Pound closed out 2019 with tons of strength.
I'm expecting some sort of pullback or stop hunt to close out some of those buying positions.
The market will NEVER continue in one direction forever,...