Sinuhet

Sinuhet

I believe last leg in GBP strength has just started before a major GBP reversal in next few days. I believe GBP will appreciate against all currencies. Given position USD/JPY I am not long only GBP/USD but mainly GBP/JPY. I believe it is a better pair to trade now then NZD/JPY based on attached GBPNZD scenario. Tomorrow there is a BoE minutes. I am expecting...

Sinuhet

GBP/NZD seems to be still in a corrective move of the first major upleg (wave 1) after setting up a historic low of 1.77 on 11th April 2013. Around 1.8720 could be this pair a big buy.

Sinuhet

this is a 2nd scenario of possible EUR/GBP reversal. I will not go long this pair until we get clear reversal in GBP/USD to the downside!

Sinuhet

This is something what i have been waiting a long time for: a major reversal in EUR/GBP (GBP/CHF). I believe it is worth to watch this pair closely. I put 2 red lines: if the price goes up you should consider to go long with a stop a 0,7914. Why so low stop? I looked recently on some major reversals in currencies and was surprised how many times it did a "double...

Sinuhet

difficullt to say what the USD is working on.... shown is a bullish scenario, where: - blue wave 3 is 1.62% extension of wave 1 - blue wave 4 a triangle - black 1 reaching the previous 4th wave -black wave 2 retracing 62% of black 1 I stay sidelines and wait if we get a clear 5 waves up as a confirmation of at least shortterm uptrend in USD.

Sinuhet

This is just to refine my daily and weekly GBP/USD charts from today. Basically: - drop under 1.7050 would confirm a major reversal - we may well first go higher and reverse anywhere between 1.729 - 1.744 - a major move may well happen on Thursday 10th July 2014 (BoE meeting)

Sinuhet

This is just to refine my GBP/USD long term chart from today. Basically the move from 2013 low is not impulsive, aka should end in 3 waves. The 1st wave (W) is in 3 waves, the 2nd wave (Y) could well be A-B-C-D-E, where C = A. The big question is if E will be equal to A and C as well (by 1.744) or wave (Y) will be equal to wave (W) and we reverse by 1.7299. Btw....

Sinuhet

Both COT and sentinent readings for GBP reaching currently extremes warning of possible major reversal. Further, retail forex traders are their most short the British Pound against the US Dollar since it set an important top in February 2014: there are nearly 8 open positions short the GBP for every long!!!. One-sided sentiment extremes warn that the pair may...

Sinuhet

The price action from 2008 high shows certain simillarities with a decline 1992-2000 in this pair. Unfortunatelly TradingView does not provide a longerterm chart on this pair. Anyway I believe that the move from 2008 is corrective a we are about to finish one move up towards 1.4422 from either 1.3453 or 1.3345 level. A possible decline from 1.4422 should be...