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GBPUSD BREXIT ANALYSISTRADE WITH CARE THIS WEEK AS FUNDEMENTALS WILL RESULT IN MAJOR VOLATILITY ACROSS THE GBP AND EUR PAIRS!. A FULL ANALYSIS BREAKDOWN WILL BE UPLOADED ONTO MY YOUTUBE CHANNEL BedroomBillions, Follow me on Twitter & Instagram @ Billionsfx , for regular market analysis Following the upcoming brexit referendum gbpusd is likely to see large amounts of volatility, the pair is currently forming a triple top at key daily resistance @ 1.46838 zone, this is also in confluence with 200 ma which has been providing resistance for the pair. The descending trendline has also acted as key resistance for the pair since September 2015 which we have seen many big downside movements off. A break ( and maybe restest if lucky to see one ) will warrant long entries to the upside target highlighted @ 1.52744.
by BillionsFx
1
EURUSD - Outlook until before BREXITWith the USD is about to likely ramp up further against the EUR, and the EUR facing uncertainty of Brexit, it is likely that the pair will see some decline in the next two weeks. We are currently in an uptrend from November 2016 with a very strong trend resistance (black dotted line on chart). With the current economic events approaching and market being where it is at the moment, we should see the pair at around 1.11 right before the FOMC Rate Decision, which will most probably be unchanged, and cause the USD to have a short rally causing the pair to violate its current trend line and head lower. The Brexit will affect Europe and the EUR to a large extend, not only the UK. Any such uncertain economic event tends to affect currencies badly. If the pair really end up violating its trend-line we might see a further decline reaching the 1.08 on the 22nd June right before Brexit. I would suggest and trades done to be small and with appropriate stop losses as we may see high volatlity and strange market moves. Safe and successful trading!
Short
by managingchaoscapital
IBEX 35 | Corrective structure about to endWell... This chart is a difficult one. We have a long term bearish channel and a mid term bullish support (Acting like a corrective structure) We also have in the short term an inversed flag/corrective structure that could end both ways, being broken upside or downside. Anyway as it's an inversed flag it should break downside wich means bullish mid term support must be broken. We could spect a new wave downside if this happens so my decision on this chart is... Short on breakdown and if breaks upwards, short on top of the channel. Regards and happy trading!
FX:ESP35Short
by UnknownUnicorn129775
$EURUSD Wolfe Wave, Eyeing Point 5Hello Traders, Looking at the EURUSD pair we have a Wolfe Wave that just completed at point 4. Looking at the 1-4 line trajectory we can see that it has acted as an anchor throuhgout the formation of this Wolfe Wave. I'm looking at 5 and potentially 5' to complete. If we see completion at point 5 look for the 1-4 line as your exit target. If we make a lower AND hit the 5' line off of point 3 look for an exit at Geo's Off-Set rule at point 4. -Chartistry
by GWaves
8
EURUSD Brussels Attack Caution - H4 bullish divergence RSIEURUSD Brussels Attack Caution Just a short technical assessment: I see maximum downside risk for the EURUSD-0.31% at around 1.1150, which is 0.38 fib support, upper ichimoku cloud and bottom of march uptrend channel despite a strong H4 bullish divergence in the RSI On the upper end we could see a move to go through 1.13 levels and finally knock out 1.14. Be cautious! This is a grandchess day. Whenever this happens, the major players on this planet make their moves! Don't trust the media! Cheers, SinatraFX
Long
by SinatraFX
2