To illustrate today's analysis, I propose a model of statistical discrepancy on currencies, in order to justify who is the real leader of the financial markets, which seem to accuse a global pre-slowdown of the financial markets. So I gathered a basket of generally aggressive currencies to which I oppose them to a basket of defensive currencies; After algebraic ...
GBP broke out of the first falling wedge (blue) heading for the bigger falling wedge. Target of a falling wedge is 100% retracement of the wedge. So breakout of the yellow trendline sets this up for a moonshot. I have euro and chf as counterpairs.
I am not one to study the news and we all know that Brexit is a mess. I don't study the Brexit play-by-play because by the time news drops it is usually too late in my opinion. Every trader sees the market different. That is just my outlook. I am a very technical based analyzer.
In my opinion Brexit can create more strength or more weakness and uncertainty like ...
as we are purely technical , we only look at what the chart tell us . and in this case we can see that there is a divergence on the weekly chart with the price sitting on a major support area, with rsi oversold.
reasons to look for ling on the pound ( position trading as this analysis is based on the weekly chart)
1- divergence
2- strong support
The last few days will be crucial for the financial markets, in particular, the currency market, the bond market, and the stock market. Particularly with the large-step approach of the mid-term elections of the American president. Some believe that if Republicans manage to keep the House of Representatives and by increasingly establishing a majority, the prices ...
You have front of your eyes the evolution of the relationship between the currencies of risk appetite and the currencies of risk aversion since the exit of the financial crisis of 2008-2009 to today (at the dawn of a new market shaking). We find ourselves curiously in the same configurations and this seems to ripen quietly week after week.
Note: The markets are ...
OK after Wednesdays FED meeting the Dollar found some strength and now looks like it might break out of the 7 week corrective structure (triangle?) Today we get non farms payroll employment figures so we'll see how that effects the dollars progress.
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This is not investment advice but rather for ...
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TVC:BXY
