England
MAREL HF DAILY ANALYSIS Hi friends
the daily chart of this market will experience with a very high probability an uptrend in the next few days but at the same time it is better to be vigilant of the change towards the opposite direction of the market
please subscribe to receive new analyzes
EUR/GBP:Knife CatchingNot to promote Knife catching but every time we have had a retracement, we have seen a subsequent rally.
Clear unbroken upward trend, therefore buying in over here would not be the worst move.
Eurozone has far more momentum than the UK due to response to the coronavirus and opening much sooner- will that thus relate to the value of the Euro? or as usual the weak proponents of the Euro average out the gains of the good.
We shall see.
-Megalodon Whales (Rahim)
Enjoyed charting for you, please give me your opinions on the idea and you are welcome to drop yours below too :)
FX:EURGBP
ISFA (FTSE100 ETF) - downtrend to new lows continuesISFA continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minor counter-trend wave 2. The next move should be minor 3, where the most probable target is is below 5,900. If prices crosses up 7,220, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
ISFA reached target range and turned down as forecasted. ISFA reached the target in our post of June 1 and turned down, as forecasted. We should see prices trend down to new lows in Intermediate wave 3. If price crosses up 7,265 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
ISFA (FTSE100 ETF) - ISFA is tracing the final stages of intermediate wave 2. Most probable targets are 7,096 and 7,541. After this the ETF should trend to new lows in intermediate wave 3 down. f prices crosses down 6,315, the odds are that wave 3 already began. FOLLOW SKYLINEPRO TO GET UPDATES.
GBPUSD - tracing minute wave iii up - probable target at 1.40GBPUSD finished a long-term corrective wave "b" and it now entered the early stages of cycle wave "c" up. It its currently tracing minute wave iii. This scenario should elevate its price to a first target at 1.40 in up to 2 months. It it crosses down 1.207, this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
GB10Y - counter-trend move under wayGB10Y seems to have finished minor wave 1 and should enter in a correction with a potential target at 0.52. If yield crosses down 0.07, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
BITCOIN: IT'S THE BEST MOMENT TO BUY?Hi friends, how are you? I am happy to present you my vision on bitcoin for the days to come! Personally I am bullish because I have several grapghic indications which indicate it to me.
First, the uptrend was confirmed after the break of the ascending triangle.
Then we attended the break in the pitchfork level and finally to confirm the increase a retest on the pitchfork level and the trend line simultaneously !! To add to this we have an indication of the Price action!
Thank you for taking the time to verify my idea and leave me a like if it was useful to you!
DON'T FORGET TO SUBSCRIBE FOR BETTER COLLABORATION!
GOOD LUCK!!
FACEBOOKEverything is shown in the picture to whom it may concern, and I am at the service of everyone!
GPOR.LSE - new lows ahead ?We changed the wave count pattern of GPOR.LSE as it crossed the line at minor B. It is now tracing intermediate wave (3) down what should bring prices below wave (1) and with a good strenght in the move. There is an alternative scenario where this is the final stages of a minor B of an ABC pattern, in this case prices could go up in wave C. In the next days we will have more clarity of what scenario should prevail, keep tuned. FOLLOW SKYLINEPRO TO GET UPDATES.
DLN.LSE - (UK) - up to 13% shor-term returnsDerwent London is a REIT owner of prime office buildings in London. It is currently tracing minor wave C up of a possible wave primary wave D of a contracting triangle formation. The most probable target for the end of minor C is at 3,796. Keep tuned. FOLLOW SKYLINEPRO TO GET UPDATES.
IUKP - iShares UK Property ETF - new lows aheadIUKP is coming down in a cycle wave C. It is in an early phase of this wave decline, where intermediate wave 4 seems completed and it should move down in intermediate wave 5 to reach lower levels than its previous wave 3. FOLLOW SKYLINEPRO TO GET UPDATES.
GBPUSD buying opportunityGood morning/afternoon
The gbpusd has printed a clear buy to me, I will be looking at a deeper pullback to buy the pair with profit target at recent highs, as shown on the chart.
Keep your stops generous during these times.
And as always, keep the risk managed!
Cheers :D
iShares FTSE 100 ISFA is currently tracing the end of intermediate wave 4 of primary wave 3 down . After completed prices should fall to levels between 4800 and 3900 in a new 5 wave intermediate moves. Keep tuned. FOLLOW SKYLINEPRO TO GET UPDATES.
ISFA - FTSE 100 ETF - more than 35% down aheadFTSE 100 represented by its ETF is tracing down a cycle wave C that should bring prices down to around and additional 35% reaching its bottom in one to two years ahead. Retracements with opportunities for returns in the upside should occur during its path and we will be posting them here. The short term analysis is in the comments. FOLLOW SKYLINEPRO TO RECEIVE THE UPDATES.
"FTSE: a bull vision" by ThinkingAntsOk4H Chart Explanation:
- Price bounced on the Ascending Trendline and broke the Resistance Zone.
- Bullish CCI.
- Price continues it up move towards the Major Resistance Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
Gbp Sea WorldHi traders
Daily GBP can take us both ways
consider SHORT if breaks down the RED DOTTED line.
Consider LONG if breaks up the GREEN DOTTED line.
Targets (TP) are on for both ways.
drive sfae
Fed's decision and dollar reaction, the CB of Japan and EnglandFed Decision: Interest rates cut by 25 basis points after FOMC meeting.
The Federal Open Market Committee decided to lower the rate to 0,25%.
FOMC does not have a fixed position: some members believe in further reduction, other members voted against any further reduction at this meeting. So could observe the lack of dollar sales.
Different positions are understandable. In the last couple of weeks, the US economy has shown good outcome, so the Fed may well take a break in easing cycle.
As for the USA. Statistics on the real estate market in the United States were published yesterday. The figures came out more than good. So, the start of construction indicator increased by 12.3% m/m (forecasts + 5%), and building permits in August grew by 7.7% m/m (analysts expected an average decrease of 1.3%).
In general, talking about a downtrend in the dollar is premature, and even a correction in the dollar value is in question. However, today we will continue to look for points for selling the dollar.
Today, the Bank of Japan has traditionally left monetary policy parameters unchanged. The Bank of Switzerland is also expected to leave the rate unchanged. However, both of these Central Banks are pursuing an ultra-soft monetary policy, there is simply nowhere to lower rates.
The Bank of Japan has not yet held a press conference following the meeting when we were completing news background. If there are no surprises, then our position is to buy the Japanese yen today. First of all, against the dollar and the euro.
The pound was under pressure yesterday. This was due to both statements by the EU that the risk of exit without a deal and macroeconomic statistics from the UK. Consumer inflation came out below per cent. Weak inflation on the eve of the Bank of England decision announcement on the parameters of monetary policy is a sign for pound sellers activation. Total up to the verdict announcement we prefer to stay away from pound positions. Moreover, before that, data on retail sales in the UK will be published. Since the Bank of England will announce the decision today, we will present our adjusted position on the pound tomorrow.
In the end, the pound is not the only instrument for trading. Gold purchases from local lows continue to be relevant. As well as oil sales from local highs. The situation with Saudi Arabia seems to have stabilized and markets generally calmed down.
