I don't see $ as bearish now for some time
the best for cable is hold its space
the $ has not break bearish free at all
the best for cable is hold its space
the $ has not break bearish free at all
#doyourownanalysisordietryin
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Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedI believe the Cable is heading lower, with the USD being bullish. I might be terribly wrong however.Ignored
Dislikednext step depends on open outlook very firm valuable other information enclosed in one chart to others when clear price picture is supplied guess is sell it higher {image}Ignored
DislikedAlso. I see about 90% technical analysis here on FF and very little fundamental unless its spark by a media headline. To me it's all backward..fundamental should be..in any market..equities..currency..bonds..commodities..the backbone of the analysis...followed by technicals to find entriesIgnored
Disliked{quote} The market is a little nutty right now with the hurricanes..spain..brexit..etc. however those at the kinds of things I try to fade out.. politics don't get very well involved in my fundamental analysis and I do think that despite everyone's certainly on a December hike for the dollar..there is closer to a 50/50 on it.. also..brexit, Europe problems, and May are casting a heavy shadow over GU but the British economy is showing signs of excellent growth and rising inflation, making the November hike far more certain. This being said.. rate...Ignored
DislikedIf you are tracking cable this week, you may consider this technical perspective. Four weeks ago, price action on this pair entered the 50.0 Fib retracement zone of the drop from the high of June 2016 to the low of January 2017. Since then price action on the pair has commenced a bearish descent. Last week, a strong bearish candlestick broke below the monthly central pivot. With the technicals on the weekly time frame disposed southward, we may expect a bearish continuation to target the immediate support around the 1.28850 area; this may extend...Ignored
Disliked{quote} There is a lot to think about with fundamentals To be honest for me trading fundamentals is blows pure technicals out of the water. For a start I don't have to stare at charts At the moment the dollar is strong mainly because of the data coming out of the US. Depending on the strength of the geopolitical news this will nearly always beat economic data. Quite often economic releases will go in waves. So you might find over some months strong data and then it eases off. Look at the pound recently the dip really started around when there was...Ignored
Dislikedlol I bet that GDP adjustment will be wrong , Your talking about the adjustment after the adjustment, GBP data's been green though last week mixed -still in positive territory if you can use fundamentals like you say give us the outlook? {quote}Ignored
DislikedI believe the Cable is heading lower, with the USD being bullish. I might be terribly wrong however.Ignored
Disliked{quote} Just think what do - do hedge funds and investment banks and the top forex traders have in common They all use fundamentals. And it's about understanding sentiment Getting back to your question it's late here and I will put something down this week.Ignored