seems to be bearish from daily to month
Cable Update (GBPUSD)
- #583,744
- Mar 14, 2021 3:35am Mar 14, 2021 3:35am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
according to th dx , gu will go up next week according to the gu , it's not sure {image} {image} {image} {image}
- #583,746
- Edited 11:06am Mar 14, 2021 5:13am | Edited 11:06am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
{quote} wow, just wow... all i can say: you are GRATE putting the main problem in just one picture. i know you are neither an economist nor someone from university, but this is just a perfect description of the problem! do you know the crack-up boom theory? and even if not: what would be your solution for a private investor to that problem you have described?
With inflation , the guessing game is what will the average American do with this influx of money into the system. I looked at the this issue specifically, only I believe it's the major theme moving markets.
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #583,747
- Mar 14, 2021 5:44am Mar 14, 2021 5:44am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
{quote} BTCUSD gapped up over $61,000 today...this could translate over to GU and Gold this week...I'm hoping so since I'm currently Short UJ
usually when bitcoin make a move over the weekend , the gu tent to make the same move in the week after.
thanks for bring this to our attention
yes yes yes
- #583,757
- Edited 12:46pm Mar 14, 2021 12:24pm | Edited 12:46pm
- Joined Apr 2020 | Status: Trader | 8,805 Posts
Trader with an Edge.
- #583,759
- Mar 14, 2021 4:05pm Mar 14, 2021 4:05pm
- Joined Dec 2020 | Status: Re█████ | 2,868 Posts
{quote} make sense usually when bitcoin make a move over the weekend , the gu tent to make the same move in the week after. thanks for bring this to our attention
{quote} BTCUSD gapped up over $61,000 today...this could translate over to GU and Gold this week...I'm hoping so since I'm currently Short UJ
I would like to make some contribution.
I have checked the data from October 2017 to find out regularities between BTC movement over the weekend and next week on GU.
~50/50 for 2017 - to date
{{Bullish BTC weekend, Bullish week GU}, 54 cases}
[...]
Better picture since 2020.
Can predict entire week on GU with 66% accuracy if BTC was bullish over the weekend, 50% if bearish.
Air force
- #583,760
- Mar 14, 2021 4:12pm Mar 14, 2021 4:12pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Although there is bearish pressure on the GBPUSD market, we may still see some bullish move in the early part of this week. Here's why, from the technical perspective of a swing trader. Price action on the daily time frame is in a rising channel (blue). On March 5, a bearish price action broke below the channel support trendline, but bullish candlestick prints were printed thereafter and on Thursday price action was pushed just above the channel support trendline. However, on Friday, a bearish candlestick printed below the wedge support trendline, indicating that price action is still sideways. Presently, price action is below the lower boundary of the 1.40000/1.42140 multi-year horizontal resistance zone (red). As recent candlestick prints favour bulls, we may see further bullish move in the early part of this week. The 1.41340 area (purple) is operating as the prevailing horizontal resistance on the daily time frame. Any bullish failure may incentivize bears to attempt a southward rotation. The 1.37890 area (sandybrown) is horizontal support on the daily time frame.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money