Coneyhull

Coneyhull

Descending Wedge, albeit a little sidewards. Currently at the bottom of the channel. Buy Long orders but be wary of longer term bias/sentiment.

Coneyhull

Following the large spike on Monday 20th June; that was caused by the UK looking more likely to vote to REMAIN, the Price has resumed an upwards channel. Due to the unpredictability i would wait for the pull back before buying Long. However, anything can happen this week.

Coneyhull

Following on from my chart on Sunday 19th; The channel was broken and now is acting as a point of support.

Coneyhull

Brief explanation on the chart.

Coneyhull

As per my chart dated Sunday 19th....price action has broken out of the descending channel and has reached yearly highs.

Coneyhull

USD/CAD has had a turbulent year with steep inc and declines. Since May, an upwards channels was followed by a steep decline, before resuming a channel incline. At the moment, there is a high probability that the USD/CAD will remain bearish and will further decline once the 1.287 price is broken.

Coneyhull

At the moment the EUR/GBP favours a slight bearish basis. This is based on its prolonged period of sideward movement and the price heading towards the previous higher high from the last sideward movement (box3). Since mid February the EUR/GBP has had clear support and resistance channels that have been respected. If one of these lines break then expect a bullish...

Coneyhull

EUR/USD moving sidewards with no apparent bias in the last week. Volatility is expected this week due to the EU Ref. If EUR/USD breaks 1.13 look for upside of 1.135-1.40; on the converse, if the pair still consolidates sidewards look for fluctuation between 1.12 and 1.13 for the forthcoming week.

Coneyhull

Going into Brexit week, volatility is expected. At the moment the price action is undecided. In the last month price movement has swayed above and below 1.438 but has generally been respected as a point of breakout. At the close of Friday the price was 1.434. Upon breaking, 1.438 expect upside of towards 1.44 and beyond. However, on the downside expect 1.40,...

Coneyhull

Brief Expl on Chart.

Coneyhull

Expl. on chart.

Coneyhull

Expl. on chart

Coneyhull

Bullish Pattern for EUR/GBP. Expect sideways movement between 0.720 and 0.695. If 0.720 breaks look for 0.760-0.780. Be aware of Draghi speech on the Euro on the 3rd of Decemeber.

Coneyhull

Expl. on chart

Coneyhull

Sidewards - Preparing for a breakout

Coneyhull

Potential Breakout

Coneyhull

brief long.

Coneyhull

Bearish momentum