This was published 24 mins before Boris Johnson speech Will be awesome to see how his utterances will affect this Idea/Analysis This is strictly for experimental purposes to give me an idea whether speeches agree or disagree with currency indexes
Overbought AUD$ and strengthening CAD seem to pair well together This idea is based on those two factors including Magic Lines which are points on a chart that help Support and Resistance areas/zones
The Dollar has been gaining a lot strength over the past few weeks and so has the Canadian Dollar The Dollar Index seems to be nearing a resistance point and this could in turn drive USD base pairs down along with it The CAD on the other hand seems to continue with its upward trajectory with no major resistance or objects in its way This is the idea behind my...
Late Publish Germany economy looks to be facing a little difficulty with potential to affect other European Block currencies as Germany is the strongest European economy
This Idea is a bit conflicting and I am just trying myself out here Going on Industrial want/need, Palladium should become more expensive in the near future and long term But technically, it should be cheaper Only time will tell
UK Stocks seem to be on a pending downward trajectory and that could have an affect on the British currency technically. The Idea is that confidence surrounding GB and its currency should wain as well as a result of sentiment related to the top UK stocks. Lets wait and see what the powers that be and economic factors decide before we commit to a bias
Potential S&P 500 drop The Index is looking somewhat overbought This should coincide with the pending rally in JPY Index
Structure implies Bearish bias long term. Resistance has been tested. Drop pending