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...
Appears to be a build up of Sellers at around the 15.50 area, watching out for any strength in the USD could take price down further to a support line at around the 13.90 area and to a price squeeze. With the stock market potentially heading south, silver could be heading that way also as money is attracted to Gold.
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...
With the usual news coming from Europe of Brexit and the meetings between the Italian Government and Brussels, we believe the EURGBP may bounce in between two levels until the Italian budget is sorted with Brussels or Brexit is done in March, with a large amount of Sellers at the 0.90900 area and many Buyers at around the 0.89200 area it may mean a major...
With Stock markets starting to enter Bear Market, a lot of Investors are looking for safe havens, GOLD is one of those, with a correlation to the stock market, Gold strengthens when the Indices weaken, we believe the is a large presence of Short Sellers at around the 1,303.000 area, this may only be temporary (quick bounce) as Gold prices could continue to go to...
In the area of around the 1,12700 looks to have a large amount of Buyers waiting to get price cheap and take long positions. Price has already bounced into this area before, price could be set to do so again. A the Bulls will be ready.
Looking for when the FTSE 100 may enter a Bear Market. Despite the media saying a 20% drop is a signal for a Bear market, the real number is 16%. Taking a measurement of 16% from the previous high in the summer of 2018 and a 16% drop comes to around 6442. If price drops below this mark, (red dash line) this could signal the Bears are in full control. Taking a...
Given the recent weakness for the USD we believe this may just be a retracement, looks like Buyers are still lurking at around the 111.500 area and ready to add strength to take price further possibly overcoming the sellers remaining at the 112.550 area and carry on further to reach the recent highs of around 114.00
1150 still looks to be a strong area of Buyers to get in on the sale of gold and buy cheap and take price back up. Even with a sale of gold, the commodity is still an investment, seen as a safe asset. For the time being, price has been stuck at around the 1200 price area, and could still contain sellers waiting to drive price further down.
The French shares have been moving higher so we believe this may be a breakout overpowering the sellers at around the 5505 area and continue to an upward trend and benefit our trade. However it does appear that price is moving in to a triangle trend line so price may get squeezed by the pressure of the Bulls and the Bears before the CAC 40 Breakout is achieved.
With Brexit a big talking point in Economic News, the is chance of further GBP weakening (Good for Exports) and believe we could have Buyers waiting at the 140.00 level, this is an area reach just recently however we have to go back a Year since the last time this area held, Could it do it Again? Some sneeky Seller perhaps waiting in the wings at around the...
Keeping a close watch on the USD as looks like Sellers are still waiting in the area around 0.6700 Depending on News and Economic Data such as Core Durable Goods Orders and what Fed Chair Powell has to say, these orders could get filled and take price down lower.
Looks to be a build up of orders waiting to Buy and go Long, although being cautious the are Sellers waiting around the 84.5 area. And with news focusing on National Core CPI for the JPY.
In the past few weeks we've seen the selling of the gold metal becoming hectic as if it was in an alternative gold rush to sell. A position of sellers still, at around the 1200.00 area, price looks like it had a moment of strength to take it back up to that level and the sellers will enter again for another sell off and take price down further to an area we...
With note of the economics, for a while the FTSE 100 trading has mostly been contained to between the two zones, an area of support holding buyers at around the 7600.00 price, while the area around the 7800.00 has been keeping the FTSE 100 in check and acting as resistance stopping further upward movement. The large amount of sellers at around the 7800.00 will...
For what has been an area of resistance for quite some time and still holding, an amount of sellers are waiting in this area still, and if the dollar is to stay weakened against the Swiss France then again this zone could still hold and expect another downturn in price.
This week we've got the BOE Gov Carney Speaking along with Average Earnings Index as well as CPI and Retail data coming out, these are really good pieces of data for the GBP and if positive could be a peice of strength to the GBP agains the Swiss Franc, and with Buyers in and around the 1.3100 area, these could be good trades.
Depending on Euro weakness this week, we have data for the Aussie Employment Change and Unemployment Rate, if these are to be negative then we could see the current support holding and the uptrend continuing. The does look to be a lot of buyers place around the that support zone of the 1.5700 area.