According to the last entry, the assumptions turned out to be accurate. The pound returned to resistance, rebounded, but finally broke the resistance level today, which we currently treat as support. Brexit data, or rather constant discussions on twitter portals, of people who have an impact on the market causeContinue Reading
As previously posted, our expectations have come true. It is true that the tweet helped, which does not state that the United Kingdom is making a concession and introduces changes by withdrawing clauses to the British agreement on the internal market. However, also at the indicated level, there were enoughContinue Reading
Due to the slowdown of the euro, we are considering consolidation. In this case, we see local lows and peaks lower and lower, so it is possible that a downward channel is being formed.Continue Reading
As you can see below, the British pound has rebounded from the resistance and is going downhill. We do not expect a repeat of yesterday due to the zone where there are probably many investors’ orders. Our assumptions are rather for a local correction and rebound to resistance, or maybeContinue Reading
Possible rebound on the British pound who just made a 1: 1 correction which is also called Over Balance.. The two rectangles marked show which correction has been subject to a downward move. It can also be filled with Fibo 50 by measuring from a well that has not obtainedContinue Reading
Monday mornings usually do not offer too great opportunities for “clean” entrances. Below are some images of what is. Designated levels, zones, ranges. EURUSD D1 GBPUSD GBPUSD update. The pound has a strong correction pressure. The image shows the support zone on fibo 50. DAX D1 XBRUSD XAUUSD The earlierContinue Reading
