Today's charts are closely related to the Dollar depreciation amid the global financial risks in 2016, specifically, the months of February and June as they established key levels to forecast the future of the #USD
8 Major Currencies at a Glance 01/02/2023
Class A BULL (new high moving average difference): JPY, EUR
Class A BEAR (new low moving average difference): AUD, NZD
Class B Bull (green moving averages but divergent moving averages difference): None
Class B Bear (the moving average is red but divergent moving averages difference): USD, CAD,...
"We can't publish this idea for you just yet"
"Wow, looks like you've used quite a few capital letters here. This can SEEM LIKE SHOUTING to a lot of folks on the internet. If you could please tone it down a touch, that'd be much...
"You may have to fight a battle more than once to win it."
The United Kingdom stands divided, choosing self-exile in some quest for a new identity. An identity without colonies, without crown. An identity of stoic British independence, self-reliance, and profound economic growth and prosperity. The birthplace of Shakespeare, Newton, and...
USDGBP has been bullish since February. Until further evidence, I predict this trend will continue. If the RSI support holds, this would be the place to add to longs. A minor break in the trend line is acceptable, but if the support zone doesn't hold, this long is invalidated.
If invalidated, it may be time to start looking at shorting the US dollar.
Monthly analysis, as it is clear on the chart, it crossed the blue line at 1.0162. The target is clear above, but according to my analysis, it is closer to the downside, and that closes below 0.86. It has 3 clear targets on the chart. I think if the second target fell, it is important not to break it. We are now oscillating between positivity from above 0.93641...
We can conclude from the charts that..:
- Capital inflows to the USD are very strong in terms of momentum, and we haven’t reached the first layer of targets yet, based on longer-term channel work.
- This trend could last for several months at least, well entered into next year (Targets on monthly charts are pointing to July 2023).
- Right now there is no sign of...
Comparision of "FTSE (UKX) in USD dollars" to "SPX".
I am publishing the same for all (please see my other analysis): Germany, UK, Japan.
I ignore all the fundamentals and only make technical analysis. Fall of EUR&GBP&JPY and their stock market's negative divergence compared to USA (SPX) is about to end, I believe.
Important: This doesn't mean that the...
The British Pound has more or less collapsed against the dollar in recent weeks but this chart shows that it is reaching the top of a channel pretty soon as well as a significant level of 96 cents which was a high reached in the 1980s.
Well... here's a pretty good dip. Sure we're all arguing over will it go to 13.??? will it go to 3??? 50k 100k... no one knows. That's the truth.
But none the less - here is another HUGE discount. Just like the Covid crash in March 2020. And low and behold - the GBP has crashed again right at the dip. (sure we may dip further and the GBP-USD have a correction. (I...
USD / GBP
The resistance of 0.785 is broken and it is pullback.
The CURVE pattern is formed and the 0.825 resistance is expected to break and grow to the 0.88 range.
#GOLD #USDGBP #BTC #BTCUSD #LUNA #LUNC #UST