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Selling Cable with incoming Dollar strength A simple trade here from a technical sense as market has overpriced the odds of Brexit being good for the economy. We are selling the highs in Cable one more time. A departure from the EU is sending this currency one way, and one way only. On the USD side there is a lot of good news coming back in on the macro front and the FED will be questioned on hikes sooner or later. Expecting a move in Q3 so it's time to start pricing in more hikes on the dollar side and bad news on the UK side. Good luck everyone in this live
Short
by ridethepig
3
Bullish Cable againThe British pound is ending the month of February with a bullish move, up 0.50% after rumors of brexit delay in case a deal cannot be agreed on before end of March; offering some market relief and helping GBP/USD recovering almost all its February decline. Looking at the chart, the pair is trading above its main MAs which indicates positive momentum. Also broke a downward trend line capping upward movement since May. Plus, trade optimism between China and the US offered some more market relief. Technically: the trend is neutral to bullish - next resistance being 1.316 (Feb high, 240 Day SMA) , followed by 1.322 (Jan high, 100 Week SMA). Trade Safe.
Long
by RamziAbouAbdallah-CMT
Paddy Power Betfair (PPB) Short PPB's investors haven't had much to laugh about this year, not even their comical television adds could cheer them up, i'm sorry to say that from the looks of the daily chart the stock could be in for some more pain soon. After a tremendous run in may the stock has seen a lot of downside until finally finding support at the 6000 level currently the price is having it's third attempt to break the support. In the run up to the last two tests of support the stock has put in lower highers which suggests that the sellers are fully in control of the stock, the last two trading days of last week posted bearish inside days suggesting some indecision in the stock indicating a potential move this week. I am inclined to go short in the name with a stop order at 5999 below support and a stop loss placed at the high of the day prior to the break out from the support. If you enjoyed this idea give me a follow there will be more to come and if you hated it please let me also, happy trading. Joe LSE:PPB
PShort
by Joevose
NG (National Grid) long LSE:NG. A stock I will be keeping a close eye on this week is NG or national Grid a ulisities giant with a market cap of 29 billion, it is the largest UK provider of energy and has a presence in the US market. NG has struggled since May to break the 864 level and is approaching that zone again, ten day volume is massively below its longer run three month average indicating that investors are on the sidelines. After three previous attempts at this level fourth time's the charm, however I would like to see some consolidation under the round number support before a break out on high volume. The game plan is to place a stop order at 864.1 sey for a breakout from this level, a proper stop loss can be determined after confirmation of the breakout. I hope you like this idea and as always feel free to pick it apart and tell me where i could be wrong, if you enjoy the content and wish to see more give me a follow any support you can offer would be appreciated happy trading. Joe
LSE:NG.Long
by Joevose
GBPUSD - possible counter chance?Huge Volume Increase while possibly drawing an inverse head ´n´ shoulders. Could just be some more confusion and irritation..I still will have a look on this. What do you guys think about the British Pound at all? Even tho there are not any good news expected from the UK in the near-future, I could expect some surprising movements in their currency pairs. This perma bear sentiment for the next decade seems kinda ´too easy´ to me. The big banks might flip the coin at some point. When it comes to spot Forex ..In most times its better to be on the minority than on the majority. Might be a lucrative counter trade for the next year.. Definitely gonna look how this works out. especially how the price will react at our potential right shoulder. Stay tuned for some updates. Ask Whatever you want. Stay safe out there.
Long
by WaveWizzard
The Pound set to continue its declineThe dollar continues its advance. Investors see a global slowdown but figure the US economy to be the biggest and strongest so they put their bets on it coming out ahead. Trump has signed a shutdown avoidance agreement but is now pushing for a national emergency in order to siphon funds from the budget agreed on by congress. Very sticky situation that could lead to a fall in the dollar if the funds are misappropriated. The pound is continuing its decline. We see more turmoil than solutions being propagated in the UK. Prime Minister Theresa May faced hardships yet again from her Parliament when they refused to endorse her return to the EU negotiating table. Who will be in charge of the negotiations remains to be seen but we remain bearish on the whole situation because the deadline is quickly approaching. We look towards the employment data set for the UK on Tuesday to figure out if inflation will stay within the bounds of the mandate the Bank of England. This data is important, it shows us if the BoE might change its monetary policy because of sharp declines in employment or earnings. After all this data is compiled, we will see an inflation report on Thursday. Technical analysis shows us that the pound will likely continue its descent. Two doji candles indicate that despite a good data set from the UK the pound is not ready to climb back to previous highs. The price crossed over the 21 EMA and remains under the 200 EMA. A support level at 1.26734 is a good level to put target take-profits.
Short
by YaroslavBirchenko
FTSE100: NO DEAL BABY The technical side The price has reached the EMA200 daily, key dynamic resistance for the continuation of the trend: an upward break would bring the price directly into the upper area between 7330 and 7520 points; a rejected, however, will return it to test the 6900 points. The result of a " no deal " Brexit   In the last three sessions it seems that this second hypothesis is becoming the most plausible one: the fundamental scenario remains strongly bearish both for the English index and for the pound as for now the exit from the EU with a "No Deal", without agreement between London and Brussels, seems to be the most likely option. This will entail a series of negative consequences both at the bureaucratic and institutional level, but above all at the economic level. Our target! We remain strongly convinced that, if there were no significant changes, the target of the FTSE 100 from now to a month is the support placed at about 6700 points and in the short term will lateralize between 6700 and 6900 points. Join us for further analysis on: Instagram : www.instagram.com Telegram: t.me Facebook Page: www.facebook.com Web: www.bfcminvest.com
OANDA:UK100GBPShort
by BFCMInvest
FTSE100 Short !The price has returned to fall with the crossing of the dynamic resistance identified by the EMA 200 and 20 weekly at about 7000 points, and then immediately rejected by 150 points on the downside. The level 7000 is a crucial barrier for the direction in the short term: until it will remain below, the most plausible target is the support in the 6400 area; an upside break would lead to the cancellation of the current trend, bearish for 7 months. With an unstable government, low approval for May and the brexit back on the roadmap, the most probable road for FTSE 100 is to continue this downtrend at least up to the support just mentioned at 6400 points. The first target is 50% of the Fibonacci retracement at 6700.
TVC:UKX
by BFCMInvest
UK100 approaching resistance, potential drop! UK100 is approaching our first resistance at 6919 (61.8% fibonacci retracement, horizontal overlap resistance) and a strong drop might occur below this level pushing price down to our major support at 6705 (61.8% fibonacci retracement, 61.8% fibonacci extension). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:UK100GBPShort
by Tickmill
Thoth Utils - 18.01.01-19.01.01 Hello UK.. Thank you for.... well I can't talk politics here.. anyway on chart: Thoth Utils - Oscillators Thoth Utils - MDMA Oscillator Thoth Strategy 18.04.23 Thoth Study 18.04.23 Access: - In order to keep Thoth message alive until the next ice age, and as a humble offering do the following to praise Thoth name across the universe. 1. Press "Follow" 2. Press "Agree" 3. In the comments section write: "I accept Thoth". -> If you followed the 3 steps above, In return you'll be granted 24H trial access to his scripts. Hints: -- Refer to historical posts for example setups. -- Scripts are not for sale or export outside TV. -- NO Youtube, NO Twitter, NO Telegram! -- Quantiacs.com (Python) version is available for institutional hedge funds, PM only if you're rich.. like filthy rich.. okay? ------------------------------------------------------------------------------- "In art he, Thoth, was often depicted as a man with an ibis head" 999ug
BITFINEX:BTCUSD
by duot
GBP/USD - Wide Range To Cover Short Term EventualitiesJust 24h ago I mentioned that, similar to the outlook in the EUR/USD, any downside resolution in the Sterling, unless driven by negative Brexit headlines, would have a hard time finding acceptance sun 1.125. The reason lies on the increasingly obvious divergence in the UK vs US bond yield spread. Think about it, investors worldwide can exchange their USDs or local currency for GBPs at a major discounted rate, which gives them more firepower to then allocate greater sums into higher-yielding Gilts (UK bonds). But again, analogous to my explanation on the EUR/USD, the unresolved Brexit issues is a fundamental risk that is keeping the upside (1.27 and above) well capped. The daily candle rejection is the best testament to the view laid out here. It’s basically communicating that the market is far from prepared to find equilibrium at these low levels. Also, consider the levels of implied vs historical volatility on the Sterling for the next 7 days as a suggestion that the chances of the 1.2750–1.25 to be broken being quite thin. Once the UK parliament reconvenes on Jan 9, and as clearly reflected in implied vols 2 weeks forward and beyond, the risk of a range breakout should creep up on the meaningful vote, due Jan 15th.
by FlowState