Is #USO Breaking Out? # Crude #oil extended last weeks Friday’s positive close in trading on Monday as U.S. President Joe Biden’s visit to Saudi Arabia failed to deliver anything concrete. The trip was aimed at coaxing the Saudi’s to increase oil production thus easing inflation pressures. The response from the Saudi’s and other key officials reiterated the fact...
This point of view, relying on the soundness of the highs, which has been proved, will be vital to our success, because it is what we are leaning on and it is giving us a chance to pull the trigger in a somewhat cheap area in terms of risk. But the risk is as follows: if the only way to achieve liquidation is a sweep above mentioned highs, the possibility...
📌 Exchanging A quick chart update here for today's flow which is essentially intended to cast some light over No-deal Brexit motives. In all cases, losing market access is a bad idea in the short-term and particularly when done frantically. The apparently desirable opportunity to cause maximum damage from Downing Street with NDB is playing an important role...
Stop can be placed above recent highs, or a tad higher... Brexit hopes pushed it to very extreme highs, it's bound to mean revert. At the very least back to the start of the last rapid rally, possibly down to new lows. Cheers, Ivan Labrie.
GBP/USD: hot or not ? The trend remains downward in the short/very short term. After breaking down the static support at 1.264 identified by 23.6% of the Fibonacci retracement, the next target targeted on this currency pair is the support area at 1.25. Reachable today as analysts expect a recovery of the intraday US dollar ahead of the publication of positive...
-PRICE AROUND A STRONG LEVEL FOR THIS PAIR (1.9300) -SHOOTING STAR CANDLE CLOSUURE -PRICE SITTING UNDER WEEKLY TIMEFRAME SIMPLE MOVING AVERAGE AND WEEKLY KEY LEVEL -CONSOLIDATION COULD TAKE PLACE BEFORE SELL OFF -AWAITING PRICE CONFIRMATION IN STRONG BEARISH CANDLE FORMATION -GREAT 300 PIP SWING TRADE
Technically the gbp/usd is strongly bearish. It is intent on setting new period lows. The price, after having broken down the channel composed by the support ( 1.28 area ) and the resistance ( 1.32 ) has started this very short-term downtrend. In less than five sessions this led him to test the key short/medium term support. This one identified by 23.6% of the...
The price is preparing to break this laterality. The situation kept the price within the channel between support at 0.846 and resistance (both static and dynamic) identified respectively by 38.2% of Fibonacci retracement and by EMA20 weekly periods. If there was a confirmation of closure above this level, the price will tend to reach the subsequent static...
On gbp/usd the scenario that is taking shape is very uncertain. The British government has managed to find an agreement with the European Parliament. They need an extension of the London exit from the EU at the end of October. These six months should be enough for May in order to be able to convince their parliament again to accept the agreement with Brussels. The...
GBPUSD SHORT TERM TRADE IDEA IN CONTEXT TO MY SUPER SWING TRADE IDEA POSTED BEFORE, I WILL LINK IT HERE.
SUPER SWING TRADE -GBPUSD
Good fundamentals trade following the confirmation from Macron that a no-deal Brexit will be the most likely outcome indicating hawkishness for GBP against the Greenback.
Interesting to see how this one plays out over the coming couple of weeks. If Britain leave the EU with a Deal, this may give GBP strength against the non EU member Switzerland, however a No-Deal may weaken the GBP (This may only be for the short term until trade deals with other countries can be signed) we believe price is going to be bouncing between the...
Talk about taking it to the wire; we've heard a lot in the press over the past many months about the prospect of a No-Deal between the UK and EU for Britain leaving the European Union. This could go either way, if Britain leaves with a deal this may mean strength in both the Euro and GBP, however a No-Deal may in the short term weaken the Pound, taking price to...
The technical side The price has reached the EMA200 daily, key dynamic resistance for the continuation of the trend: an upward break would bring the price directly into the upper area between 7330 and 7520 points; a rejected, however, will return it to test the 6900 points. The result of a " no deal " Brexit In the last three sessions it seems that this...