LONG POSITION IN LONG TERM, BUT BE CAREFUL WITH THE MACROECONOMICS NEWS THESE WEEKS AHEAD, THE PIVOTS POINTS OF FIBONACCI RETRACEMENT CAN BE ACHIEVED BY THE PRICE.
GOOD TRADE
This last week the one of the major pair in the FX market had mixed behaviours due to the macroeconomic releases , the turmoil into the tory´s party, and the Brexit deal has been the mainly reasons.
The currency opened at $1.4004 and is closing in $1.3779 (-1.63% )
The week ahead the pound could against to fall given that the Tuesday it will be releasing the...
The Major pair currencie GPBUSD is breaking their resistance price. It will expect that the next week with the positive figures in Retail Sales (MoM) in USA and the increasing in the Average Earning Index + Bonus in the UK, the $GBPUSD begins in the 1.43 path.
Once the price has corrected, the CPI in UK 2.7% (Forecast) will push down the price until the second...
The GBPUSD has climbed the highest price since January more or less but, once has achieved this price will begin to fall until the first resistance price
GOOD TRADE!
This is simple, the dollar is rally against their major pairs counterparts so once the price have achieved the first R(1) it will fall until the green line (50% of Fibonacci retracement) then if the price still falling, the most probably is that the price go ahead until the blue line (61.8% of Fibonacci retracement)
Besides the economic calendar for the week...
Everybody´s waiting for this resistance (or support...) price (green line), when the price has achieved this resistence its moment to go with short position in the long term (until the next support price)
This week ahead is coming with two UK´s bad economics news in the service and MPI´s index, for that reason we´re expecting that the price breaks the second support price in 1.38847 and make a long position until or abve of 1.4000 price.
BE CAREFUL WITH THE DIVERGENCE WITH THE TREND PRICE AND THE AWESOME OSCILATOR
The Swiss Franc is achieve his highest approximately since the BREXIT Referendum (23/6/16) for it, this pair perhaps breaks the first support price and decrease fasterif the GDP data of UK is more lower than expect... in addition this week the BoE is going to adjust the interest rate (15% probability) due to positive economic data released the previous week.
EVERYBODY´S WAITING FOR THE FIRST SUPPORT PRICE ($1.41...) THEN THE PRICE WILL INCREASE UNTIL THE LAST RESISTANCE ($1.43 MORE OR LESS)... YOU SHOULD HAVE INTO ACCOOUNT THAT IN THIS WEEK THE UK AND USD GDP DATA WILL BE RELEASED, THE BoE will decide if change or not the interest rate , and THE BREXIT ISSUES !
TAKE CARE AND GOOD TRADE
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EVERYBODY´S WAITING FOR THE FIRST SUPPORT PRICE ($1.41...) THEN THE PRICE WILL INCREASE UNTIL THE LAST RESISTANCE ($1.43 MORE OR LESS)... YOU SHOULD HAVE INTO ACCOOUNT THAT IN THIS WEEK THE UK AND USD GDP DATA WILL BE RELEASED, THE BoE will decide if change or not the interest rate , and THE BREXIT ISSUES !
TAKE CARE AND GOOD TRADE
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