THIS HAS BEEN THE STRONGEST STERLING IS BEEN, POST RECESSION. THIS YEAR THE FIRST FOUR MONTHS WERE VERY BULLISH, STERLING TOOK A MAJOR RETRACEMENT UNTIL MID JULY. NOW THE LAST 7 WEEKS STERLING HAS BEEN BULLISH 850 PIPS AND IS TESTING THE 200 M.A. OF THE W1 TIME FRAME WHICH HAS BEEN THE MAJOR TECHNICAL RESISTANCE FOR STERLING THE PAST TWO YEARS.
STERLING NEEDS TO STAY ABOVE, 1.6180 TO REMAIN BULLISH, THE TREND OR BID PRICE AS OF THIS BLOG IS 1.6237, STERLING HIT A HIGH OF 1.6277 ON MONDAY ONLY 27 PIPS BELOW THE HIGH OF THE YEAR, WHICH WAS POSITIVE. BULLISH SUPPORT IS FORMING, IT SEEMS TO BE BUYER IN THE 1.6230'S... THE NEXT TEST FOR STERLING IS IN THE RANGE OF 1.6330, TECHNICALLY ONCE WE FIND SUPPORT HERE, TECHNICALLY ANY MAJOR RETRACEMENT WILL NOT EXIST, FROM A TECHNICAL POINT OF VIEW THAT IS, FUNDAMENTAL AND GEO-POLITICAL EVENTS ARE FACTORS.
STERLING TECHNICALS FOR TODAY'S SESSION:
SUPPORT FOR BULLISH STERLING IS, 1.6242 THE NEXT LEVEL TOO REACH IS, 1.6260 IF THAT LEVEL OF RESISTANCE IS BROKE, 1.6271 SHOULD BE REACH AND A STRONG STERLING FOR TODAY'S SESSION WILL TOUCH, 1.6288.
IF STERLING DOESN'T FIND SUPPORT AT, 1.6242 THE NEXT LEVEL IS, 1.6224 IF STERLING BEAR'S THE NEXT LEVEL OF SUPPORT IS, 1.6213 AND FINALLY IF THE TREND CONTINUES DOWN THE FINAL SUPPORT BEFORE BULLISH VOLUME RETURNS IS, 1.6196 FOR TODAY'S SESSION.
FUNDAMENTAL STATUS, HIGH!!! MAJOR SESSION MOVER.
4:30 A.M. EST. BANK OF ENGLAND MINUTES......
---------------------------------------------------------------------------
ALSO IN THE U.S.A., STATUS, MED. AT 8:30 A.M. 2 RELEASE.
10:00 A.M., STATUS, MED. EXISTING HOME SALES AND AT 10:30 A.M. EST. CRUDE OIL INVENTORY, STATUS LOW, BUT CAN MOVE THE MARKET, DEPENDING..
TRADE WITH THE TREND!!
REVIEW YOUR ECONOMIC CALENDAR DAILY!
THANK YOU FOR YOUR TIME AND HAVE A GREAT DAY..
WWW.CREATESPACE.COM/3597011
WWW.SPEEDTRADER24.COM
WWW.FACEBOOK.COM
STERLING NEEDS TO STAY ABOVE, 1.6180 TO REMAIN BULLISH, THE TREND OR BID PRICE AS OF THIS BLOG IS 1.6237, STERLING HIT A HIGH OF 1.6277 ON MONDAY ONLY 27 PIPS BELOW THE HIGH OF THE YEAR, WHICH WAS POSITIVE. BULLISH SUPPORT IS FORMING, IT SEEMS TO BE BUYER IN THE 1.6230'S... THE NEXT TEST FOR STERLING IS IN THE RANGE OF 1.6330, TECHNICALLY ONCE WE FIND SUPPORT HERE, TECHNICALLY ANY MAJOR RETRACEMENT WILL NOT EXIST, FROM A TECHNICAL POINT OF VIEW THAT IS, FUNDAMENTAL AND GEO-POLITICAL EVENTS ARE FACTORS.
STERLING TECHNICALS FOR TODAY'S SESSION:
SUPPORT FOR BULLISH STERLING IS, 1.6242 THE NEXT LEVEL TOO REACH IS, 1.6260 IF THAT LEVEL OF RESISTANCE IS BROKE, 1.6271 SHOULD BE REACH AND A STRONG STERLING FOR TODAY'S SESSION WILL TOUCH, 1.6288.
IF STERLING DOESN'T FIND SUPPORT AT, 1.6242 THE NEXT LEVEL IS, 1.6224 IF STERLING BEAR'S THE NEXT LEVEL OF SUPPORT IS, 1.6213 AND FINALLY IF THE TREND CONTINUES DOWN THE FINAL SUPPORT BEFORE BULLISH VOLUME RETURNS IS, 1.6196 FOR TODAY'S SESSION.
FUNDAMENTAL STATUS, HIGH!!! MAJOR SESSION MOVER.
4:30 A.M. EST. BANK OF ENGLAND MINUTES......
---------------------------------------------------------------------------
ALSO IN THE U.S.A., STATUS, MED. AT 8:30 A.M. 2 RELEASE.
10:00 A.M., STATUS, MED. EXISTING HOME SALES AND AT 10:30 A.M. EST. CRUDE OIL INVENTORY, STATUS LOW, BUT CAN MOVE THE MARKET, DEPENDING..
TRADE WITH THE TREND!!
REVIEW YOUR ECONOMIC CALENDAR DAILY!
THANK YOU FOR YOUR TIME AND HAVE A GREAT DAY..
WWW.CREATESPACE.COM/3597011
WWW.SPEEDTRADER24.COM
WWW.FACEBOOK.COM
No comments:
Post a Comment