MakalaMabotja

MakalaMabotja

Caution over the direction of the Pound dolalr

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Short positions

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EUR index indicating sell positions and technical idicators showing signals for the sells

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EUR index indicating short positions. Technical indicators showing seeling signals

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Rebound with further downside if stock market continues bull run

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Wait for the technical indicators to give signal for the short. Currently market is indicisive

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DAX index could require patients. Wait for the indicated level to be reached before entering the trade

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Swing to the downside

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AUS200 index looking at triangle build-up and could be signs of huge pressure building on the bullish side

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Possible retracement after three short impulsive waves. short corrective wave expected. Wait for candle stick pattern confirmation

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slight retrace of dollar index expected with more short side pressure expected

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CAD index indicating strengthening of Canadian dollar to be expected

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Pound index could continue to form double and would support GBP longs for now

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EUR index indicating a sell off expected on eur pairs for next few days

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AUD looking to go long

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Previous retraces did now have the strength to breach 40day MA (BB). Expect huge profit taking as RSI below 50%

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after a long awaited breakdown in bullish pressure, expect more downside as negative sentiment clouds the market

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EURO could present a safe space in presence of the big sell off