The euro fell sharply against the dollar and the safe haven yen late Friday as risk aversion spiked after Turkey’s prime minister said an attempted military coup was under way, anyways on Monday, July 18 markets in Japan will be closed for a national holiday and New Zealand is to release data on consumer price inflation, so we'll be looking forward for something...
All in all scratch setup please do have favor contribute in this setup via comments lets discuss whatever you've got regarding to this... What one of our contributor "Nawab" says: GBP is finding strength after brexit, but still it will take a week or more to range for USD. By ersoytoptas: s3.amazonaws.com s3.amazonaws.com Bytrader77330: pbs.twimg.com
There is a quadruple top forming on the weekly chart with a pin bar. This short could drop potentially by 750 pips!
One can either Trade C to D or The Dpoint of this pattern. we see a respect of red trendiness so be patient and wait on it!
Going short after hitting resistence
Entry 0.74344 Stop Loss 0.73930 (-0.56%) 1st Target 0.76261 (+2.58%) (Exit if RSI>80) Target Exit 0.77640 (+4.43%)
Short AUDCAD based on weekly setup. Target the Lower Low
Entry: 0.74344 Stop Loss: 0.73911 1st Target: 0.77494 (exit if RSI>80) 2nd Target 0.79708 (final exit)
1st: 0.618 Fib retracement with RSI<25 2nd: Entry at 0.5 Fib up retracement of last down move, 1st target 1.0 Fib of overall up move, target exit at 1.618 Fib of overall up move 3rd: Stop Loss at 10 pips down from 0.618 Fib retracement 4th: Check possible exit at 1.0 Fib (1st target) if RSI>80 5th: Final exit without reaching target exit, because of MA20 break...
Place your buy limit at 102.356 The stop will go 10 pip below X at 102.072 Take profit : Target 1 - 38.20% 102.610 Target 2 - 61.80% 102.766
1H Entry SELL NZDCAD from Resistance (0.9285) and Exit 1 = 0.9054 Exit 2 = 0.8962 4H Entry SELL NZDCAD from Resistance (0.9363) and Exit 1 = 0.8703 Exit 2 = 0.8598 Good Luck
Evaluating the strength of the EUR against GBP, comparing this to GBP/USD, August seems to be a key month where we see the beginning of a trend occur following economic events such as a recession, eurozone crisis, eu referendum etc.. Following events yesterday, the GBP has significantly declined in value and i believe below are a few reasons that has resulted in...
On the monthly chart above i have posted key points in previous years where the pound has taken a dive against the dollar. August 2008, the recession hits, the value of the pound drops from nearly 2.00000 to 1.35300 in 6 months. August 2012, the economy enters a double-dip recession after two consecutive quarters of contraction in the economy. Now, late June 2016...