FXbanksy98

FXbanksy98

A Brexit deal is looking more likely to happen, with this said it is likely the pound will appreciate. However, with the elections in mind we might see a different spin on the dollar and all this risk in mind, I say it's not safe to place bets yet. Moreover, both economies have seemed to have bounced from its lows but not to where previous levels were prior to the...

FXbanksy98

I am looking at the current fundamentals that are driving the pounds weakness and will be shorting once price has broken the nearest support fib level. The stochastic is oversold but this will mean it will continue its downtrend if market conditions qualify this. There is room for more downfall on the Bollinger bands. Still, I will need to wait for the signal to sell.

FXbanksy98

If psychological area is broken, I think I will place my order to go long to the next level of resistance. I am keeping my eyes on this one.

FXbanksy98

Still waiting for the decision to be made in parliament today. It looks unlikely anything will be resolved and may see prices push to 1.265 support levels. However, if decisions are deemed to be positive which is unlikely, the price may hit previous support at 1.300. 2 indicators are showing bullish signals but this may wane and turn south. The third indicator is...

FXbanksy98

Following yesterday's sell off it's likely that the market will continue the same bearish trend today. It's breaking the daily low. ADX is showing a strong bearish trend alongside that the MACD is showing a bearish continuation and price action is below the VWAP.

FXbanksy98

GBP/USD Fundamentals This upcoming week is an important week for the Pound-Dollar. Interest rates are expected to stay the same for the dollar on Wednesday, but an expected cut of 25 basis points for the pound on Thursday. However, economic data concerning the jobs reports and business confidence from previous weeks has been a positive outlook on the pound....

FXbanksy98

Short on EUR/USD

FXbanksy98

A long set up is in the making

FXbanksy98

SHORT - 15 MINS

FXbanksy98

As there are recession fears, I personally would go long on Gold for the long term.

FXbanksy98

With all the political issues happening now, it noticeable that speculators on the euro will go short.

FXbanksy98

From news to fibs . OANDA:EURUSD The dollar is showing signs of weakness from last week and could be showing signs of that this coming week with the ongoing trade war and the euro zone as of last week showed that the economy is slowing. This may cause the pairs in this week to be ranging, however possible outbreaks for the bulls could loom if the dollar...

FXbanksy98

The EUR seems to be bearish in the news front. Next couple of days are seen to be bearish as the dollar is holding out Indicators are a sell