dgaddico3

dgaddico3

EURGBP was looking deciding bearish at the end of last week but the overall effect of the Conservative Party conference has been to drag it back into the Bullish channel up to levels that have resistance going back since the start of the Euro. If youv'e got draw down shorts here would be a good idea going all the way to 90 as they will eventually pay off but my...

dgaddico3

UC down trend has been faithfully following a three day down and three day up pattern with the up reversing on the 20 day EMA like its a brick wall. If it does long from here it should see the 20 day EMA and then come down again. Oil fundamentals suggest it was overbought at 44 and as we move into the last part of the week this bull drive should reverse at...

dgaddico3

USDCAD is likely to go sideways as it is pulled between divergent trends and polices OIL: Trend going up but should be going down as OPEC cant agree. Most commentators waiting for reversal. EURO: Trend Going up but should be going down as ECB announce rate cuts and QE. Temporary lift but long term the other way as Dragii needs it to fall.. DOLLAR: Lowered...

dgaddico3

The last hourly candle is one of the biggest bull moves for the last several days and coming off the 200 day DMA this is highly significant of at least a daily reversal rather than a retracement from yesterday. .Weve also beaten yeserday's high. Shown is the average hourly range showing clearly these large moves UC does every day and that the recent move is...