Sideways market incoming????
things to consider....
both G & U were the best performers of last week, G nudging slightly ahead in perfromance
positive data from the UK BOE.
1.9 trillion stimulus US
1.37500 seems like a bullet proof level 2018 was the last time this area was broken price above for 14 weeks of 2018.
Bull trend line that was well respected since dec 20 has been broken,price closed on friday closed in an oustside return position on the opposite side of that trendline.
The daily trendline That has been respected Since march 20 is also no doubt going to make a reapperance this week or next, the last bounce we had from there was november 20
short term.... definetly short.. which areas------ 1.365 & 1.361 are the probable candidates IMO
Long term.... Are we now entering a sideways market?? I think so and will be looking for more moderate targets, with both currecies performing well and positve data coming form both sides as restrictions are lifted, no doubt the data will improve for both G&U.
do you think it would be wrong to think that if both currecies are doing well the inevtible outcome would be a stalemate/sideways market???
both G & U were the best performers of last week, G nudging slightly ahead in perfromance
positive data from the UK BOE.
1.9 trillion stimulus US
1.37500 seems like a bullet proof level 2018 was the last time this area was broken price above for 14 weeks of 2018.
Bull trend line that was well respected since dec 20 has been broken,price closed on friday closed in an oustside return position on the opposite side of that trendline.
The daily trendline That has been respected Since march 20 is also no doubt going to make a reapperance this week or next, the last bounce we had from there was november 20
short term.... definetly short.. which areas------ 1.365 & 1.361 are the probable candidates IMO
Long term.... Are we now entering a sideways market?? I think so and will be looking for more moderate targets, with both currecies performing well and positve data coming form both sides as restrictions are lifted, no doubt the data will improve for both G&U.
do you think it would be wrong to think that if both currecies are doing well the inevtible outcome would be a stalemate/sideways market???
Feragatname
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