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BTCUSD ANALYSES 04,9,2020Hello traders, today's analyses is very important, cause after we had a very strong bullish, we are now having a bearish but is it a free shot, perhaps it is , cause all indicators and probabilities are giving about 78% that market we thouch the strong support in price 10089-9665. and if we break the support then we will have a real free shot of the year, but always there is a probabilities of 65% that market will make a pull back on the support to reach again the resistance. hope you enjoy the analyze, don't forget to put like and comment if you agree with me
BITFINEX:BTCUSDLong
by elmorabit
2
Pound sells off on Brexit woesThe pound is down 2% against the U.S dollar in the past couple of days, on growing prospects that the United Kingdom will leave the European Union without a trade agreement. Brexit talks are set to continue this week, with UK’s Prime Minister Boris Johnson playing hardball with European Officials. He has imposed a October 15 deadline, to which he plans to quit Brexit talks if no deal is reached. The pounds have mostly forgotten Brexit, with the Coronavirus pandemic guiding everyone’s attention away from the non-completion of Brexit. Seema Shah, Portfolio manager at Principal Global Investors, stated that headlines over the weekend were a “timely reminder that, while the markets have been distracted by the UK’s struggle to rejuvenate the economy, Brexit negotiations have quietly been going nowhere.” The main issues include competition, fisheries, and solving disputes. UK government undermining Brexit, pushing pound lower Further downwards pressure came from the revelation of the UK government is planning to release legislation that would override critical parts of the withdrawal agreement – notably the deal that would undermine the agreement that Boris Johnson signed last year to avoid a return to a hard border. The pound has been rallying since its March lows, up 14.13%. However, it has underperformed compared to its peers. For example, the Australian dollar has rallied 31% since its March lows. The main issue for the pound comes from its appreciation, not discounting Brexit talks. As headlines start to creep up about Brexit near Boris’ October 15 date, the pound’s volatility will increase. Petr Krapta, a currency strategist at ING bank, stated that “the Brexit head is back on and sterling is, in our view, unprepared.” This comes at a time when the UK’s grip on the Coronavirus continues to slip, with daily cases spiking, recording the highest number of daily Coronavirus cases since May.
by BlackBull_Markets
GBP - 1.35 Next area?! I'm actually very excited to share this chart! For months I've been loving the dollar weakness keeping a key eye, that's been the main dominance in the market at this moment of time - Forget Brexit..It's like long going divorce which none of them can agree on anything at this moment of time. I posted a video explaining we might reach 1.35 areas - we've come above a long term trend-line down - Keep in mind a VERY long trend-line going on for years. This was posted 2 months ago. Fundamentals to keep in mind we have FED speakers speaking this week, if we get further clarity how they are going to rise inflation which tools will they be implementing in, or if they don't it could drag the dollar either direction, which you should keep in mind major pairs, precious metals and real yields. Technical terms of GBP - We are in a tight range, keep in mind this is longer time frame. If we do extend further of the area we are in, we should be going back to the areas of 1.35 half areas. Which will reach my long term targets for GBP - 1.35, EUR - 1.20, AUD 0.74/0.75 . That's if we get further decline in dollar. (Keep in mind most majors had key trend-line long terms they've battled with). If you'd like further information regarding minor pair targets or any other instruments, please do message privately. However, if we do get key pull back for GBP keep an eye on the levels area of 1.32 if further decline, bulls will come into control. Key tip: The trend is your friend....Don't forget UK, We are on Bank holiday - I don't expect large movements for today and end of month flows. Trade safe and great week ahead to you all. (Just a trade idea, not a recommendation) Trade Journal.
by Trade_Journal
GBPUSD - More downside? GBPUSD - What clean moves we have had. When it comes to trading and you don't understand what's going on go through higher time frames and concentrate on the levels and then go through more in depth technical approach the shorter the time frames you go into or having few bad runs - take a day or two off and come back refreshed. I've been selling this pair since 1.31200 areas. Now is a key area to be looking at - Why? Let me explain further...! Technical terms: We have a bear flag forming - it's having a pull back as this current time - But question yourself for me if this pull back goes extending further towards lower ends of 1.31010 areas. Could be a fake break out! I will be thinking perhaps bulls are back in control and will be looking at the price action to keep an eye on. However, if this pull back validates and we have further weakness bears are still in control under 1.30150 area. You could measure the bear flag which reach towards areas of: 1.29558. You could even put: EMA's, Fib Retracement, or Elliott wave. Either direction - With my analysis, I keep a non-bias approach. Keep in mind - The beautiful pull back we had in precious metals, 10 yr/5 yr T notes and DXY. Just a trade idea, not a recommendation. All the best, Trade Journal.
by Trade_Journal
EURGBP - Brilliant trade opportunity!It's a Friday..Don't forget that! Why do I mention - it's FRIDAY. I actually don't like end of the weekend or Fridays but it a fun day as well where I reflect back on my week - checking my trade journal and looking to see opportunities for next week. We have the G20 meeting this weekend. It could be risky entering trades over the week as we don't know what will be the outcome. However, as next week commences, I will be looking at EURGBP - the technical of this chart is so clean. Even on the daily the trend-line in red going down is a key area if it goes above we could look for the bulls to get into control. However, if we get further decline the bears are in control and that's where my targets would be the low 0.90 areas. Above high ends of 0.90 ares bulls are in control - could head to the 0.91 areas. Whilst we reflect on this pair we will be checking the strength of GBP. Remember: This a trade idea, not a recommendation. Give us a LIKE & COMMENT for any other pairs you'd like us to post our analysis on. All the best.
by Trade_Journal