UK
GBPUSD Buy & HoldThis pair gaining the massive pressure thanks the healthy economy itself in U.K, plus interest rate just up and no reversal, plus U.S dollar plunging systematically, looks straight to 1.42200 thru 1.43353 and finally at 1.57000 thru 1.58000. However, keep an eye on lines, they are used to be accurate and you can follow them to go short and long.
Looking for levels (yellow lines) for entries.
Have a Good Trading Week
Cream Live Trading, Best Regards!
Glaxo ShortPrice has tested 1380 numerous times which can be seen with the long wicks testing and rejecting this level.
There is RSI Divergence also which shows weakness in the price, sell a break of the counter trend and target the lows.
Alternatively set an alert just above 1380 if the price breaks and closes above this level it would be a strong buy signal.
GBPJPY LongGBPJPY Long Entry. GJ is currently Consolidating In and Around the Ascending Trendline Region. Great Retest from this Area as seen by 4H Candle Wick Movements. The Uppermost Box proves to be a Key Area of Resistance, however, Higher Timeframes Moving Averages are Bullish. Ideally, a 1H candle Close above a 6EMA would indicate bullish momentum, stops placed below Prev Daily Lows. FX:GBPJPY
14/12/2017 FTSE100 AnalysisThere is a setback after a strong bullish trend, reaching the support level again.
GBPUSD Fibonacco Analysis
Per my analysis I shall assume that GBPUSD can retrace to 1.33570
From this level may go up at least up to 1.34338
1/12/2017 FTSE100 Analysis"FTSE 100 closes lower as banks suffer from Flynn, tax reform uncertainty " www.marketwatch.com
Crude Oil at critical juncture – might make a bearish reversalFor more details and background please read my article on Long Term Analysis of Oil published recently at www.talkmarkets.com
OPEC meeting is schedule on Thursday the 30th November 2017. It is widely anticipated that OPEC members and other cooperating oil producing nations will agree an extension of the production cut beyond March 2018. It remains to be seen if they will and in what form. Any disappointment could be a big catalyst in which the saying “buy the rumour and sell the news” might hold true.
Please see the accompanying charts and comments in the update section below.
Conclusion: If the reversal of price is confirmed, then it could offer several ways of taking bearish position either directly OR Oil related Stocks and ETFs.
Warning: This is my interpretation of price action using TA approach that I consider helps me most but could be completely wrong. Therefore as always, do your own analysis for your trade requirement and ignore my views.
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DanV
GBP/JPYGBP/JPY ready for a considerable directional movement. The chart is testing the 148 fibonacci price level together with a possible triangle pattern. Datas on UK's GDP will play a fundamental role today.
Gbp/Jpy Daily - SHORTMain fundamental reasons:
-David Davis not up for compromises regarding brexit deal
-Signs of North Korea still working on nuclear program + developing submarine capable of shooting ICBM
Technical reasons
-Fibonacci levels are respected by price action
TP1 - 146
TP2 - 145.500
2/11/2017 FTSE100 AnalysisPrice has reached the resistance level with a big bullish candle, after the decision of BoE to raise interest rate after a decade. www.bloomberg.com
2/11/2017 GBP/USD AnalysisPrice has reached the support level with a big bearish candle, after Bank of England policy makers raised interest rates for the first time in a decade. www.bloomberg.com
GBPUSD - Time for another move higher?Price has been falling since late September from the high at 1.3658 to the recent low around 1.3257 area.
Based on our analysis, this recent fall seems to be a corrective down move, potentially a 4th wave of a 5-wave structure.
With price finding some minor support between 1.3162 to 1.3257 (a fibonacci confluence between the 61.8 and 50 level), we are now looking for the opportunity to take a long trade for the 5th wave up to complete the overall cycle.
UK 100 *SELL*Let me know what you think of this one. lower highs with the trend broken and bearish price action..
Lets go!
