phoenixTraders2020

phoenixTraders2020

In along term slightly bullish movement appears. However in a weekly move seems to gain stronger momentum.

phoenixTraders2020

further to my morning analysis, could gain 130 pips in short position.

phoenixTraders2020

After reaching to the top resistance zone, going in to the bearish channel.

phoenixTraders2020

After breaking bullish channel (which was started from last week September) with a sharp bearish movement last week, price seems to shape a triangle that is between resistance zone on top and bullish trend on down. We don't see much difference between supply and demands that will guide us to wait till buyer or seller shown up with the stronger weight in market.

phoenixTraders2020 Updated 

The price has become in a long-term range after exiting an uptrend channel(previously announced), which comes from the positive news of the Brexit negotiations and the influx of pound demands, means that will pushing hard to bullish and reach to higher zone. Of course, any disappointing news from these negotiations may bring the price back to the lower range.

phoenixTraders2020 Updated 

Further to the stronger demands on selling Pound in market and based on the resistance target meet, seems to have more chance of short positions up to first supply zone which might change the market balance after.

phoenixTraders2020 Updated 

According to the reduction of dollar demand and based on the raising channel, most probably will hit the 1940 first, then pull back up to 1920 to raise more after. But if any good bad news heard from the stock market, again will drop down to 1900 or below.

phoenixTraders2020

The first step of demand has been so strong that it has crossed the resistance zone and after that with a weak pullback, seems to have a second rally to reach to the second zone. However fundamental news telling that stock market is getting worst which might push the equities to the safe currencies like #dollar.