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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
GBP/USD: A Function Of USD Performance For NowWith the UK parliament set to reconvene on January 9 to resume the Brexit deal negotiations, we find a Pound exchanging hands at awfully cheap levels if one only pays attention to the UK vs US yield spread. However, unlike the Euro, the Sterling has some serious political risks to contend with before the next move in the Brexit saga, which is obviously keeping the downside pressure intact in line with the bearish structure on the weekly and daily timeframes. As shown above via the magenta line (1/DXY), the Sterling has been trading tightly correlated to the performance of the US Dollar, therefore, with a EUR/USD soon to be at a discount (sub 1.13), and with the yield spread on a tear, liquidity pockets neary 1.25 should be an attractive area to engage in near-term buys. This should prevent the currency from breaking much lower unless the move originates from a GBP-centric weakness (demerits) due to negative Brexit headlines. Notice the relevance on the measured move principles taught previously and how in today’s price crash during the Asian session market-makers bids around the 1.24 have proven to be the very bottom of the move, further solidifying the view that the market should still remain underpinned by bargain hunters. Structurally, this is a market that appears set to stay offered on rallies too, with any pullback set to face a major roadblock at 1.1210-15, Wed’s POC.
by FlowState
FTSE 100 (UKX) Monthly Timeframe BuyThe FTSE100 index is approaching a critical 2.6 retracement level of the previous uptrend, and it could be good time to buy. However, with the Brexit news and Theresa May woes, just hold your horses for a bit. The index is still largely in a sell-off fueled by the lack of confidence surrounding the Brexit deal and seemingly the vote to be held tomorrow. The trendline shows a perfect uptrend with around 7 touches, so maybe the trend is about to end. Who knows.
TVC:UKX
by munyaelliott
GBP/USD: Playing with fire around the 1.27 areaAs usual, this is a very tricky market to trade as we approach next week’s Brexit vote in the UK parliament. The sentiment surrounding the Sterling remains overwhelmingly negative as the market factors in a rejection of the Brexit pre-agreement by UK PM with the EU. I am expecting that any downside risks will steem as a result of Sterling’s demerits vs USD-centric strength. Neither the UK vs US yield spread on the long-side of the curve nor the DXY index offer enough justification to support a sustainable breakout unless is a GBP-induced move. The hourly chart remains extremely choppy, with 1.2680 - 1.2840 covering the near term eventualities for now. The implied volatility in the Sterling continues to highlight volatility ahead. Be reminded that intraday trading in the GBP pairs remains largely dominated by algo trading.
by FlowState