Pound to Trend Higher
With all the uncertainty in the UK economy due to BREXIT with have seen a shape decline of the pound against the US during 2019, with a sudden surge in the last quarter of 2019.
What I see playing out is a cup and handle formation appearing in the chart as shown by the blue line in the chart.
All the pullbacks on low volume testing the 1.3000 level, we have a strong buy signal on the ADX, as D+ crosses D- above 20 with the SAR indicator giving us the go signal.
The OBV confirming the moves it has broken back above and retesting the 233 WMA.
All this I believe will lead to a stronger pound through 2020.
What I see playing out is a cup and handle formation appearing in the chart as shown by the blue line in the chart.
All the pullbacks on low volume testing the 1.3000 level, we have a strong buy signal on the ADX, as D+ crosses D- above 20 with the SAR indicator giving us the go signal.
The OBV confirming the moves it has broken back above and retesting the 233 WMA.
All this I believe will lead to a stronger pound through 2020.
Time is the only true currency...how will you spend yours and what value will you receive?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.