I first would like to make a correction from my last blog!!!, the correct time frame is, "MN" not, "W1", sorry about that!
FIRST STERLING BLOG REPORT IN 15 MONTHS DUE TO
INTERNATIONAL RELOCATION… CURRENTLY STERLING IS TESTING THE MASOCHISTIC
RESISTANCE OF M. A. 200 OF THE “MN” TIME FRAME AGAIN!!! “M.A.” 200, IS AT:
1.6407 AND STERLING HAS BEEN TESTING THIS RESISTANCE SINCE THE FIRST OF DEC.
2013!! HITTING HIGH’S OF 1.6660’S IN THE
FIRST OF JAN. 2014 AND RETRACING BEARING BELOW THE RESISTANCE TO 1.6251 IN THE
FIRST WEEK OF FEB.!!!
STERLING HASN’T FOUND SUPPORT ABOVE THIS SADISTIC MOVING
AVERAGE SINCE BEFORE OCT. OF 2008! THIS
IS THE 6 TO 7TH ATTEMPT AT ACHIEVING SUPPORT, I WOULD ALSO SAY IT’S
THE STRONGEST I HAVE SEEN STERLING SINCE THE GREAT BEAR VOLUME OF THE GREENBACK
THAT PUT STERLING BELOW THIS, MOVING AVERAGE ALSO MOST SIX YEARS AGO!!! AS OF THE DATE OF THIS BLOG REPORT STERLING
IS BULLISH TESTING 1.6700 AND FOUNDING SUPPORT, FUNDAMENTALLY STERLING IS ALSO
BULLISH SHOW FAIR THIS YEAR!!
FURTHERMORE, THE DOW IS TESTING 16,000 AND IS TRENDING
BULLISH SINCE MY LAST BLOG, 04/2013 I ALSO MENTION THE AUSSIE AND IT HASN’T
PERFORM AS I THOUGHT, AND INTEREST RATES HAVE BEEN CUT, NOTHING NEGATIVE CAN BE
SAD ABOUT ITS PERFORMANCE DURING THIS PAST RECESSION, AWESOME EFFORT IN
MAINTAINING A PRO-GROWTH DISPLAY OF POWER!
I DON’T GIVE MUCH INFORMATION ABOUT THE EURO, BASICALLY IT TRENDS
TECHNICALLY WITH STERLING, I WOULD SAY THE E.C.B. HAS MADE A GREAT EFFORT TO
INCREASE THE EUROS, STRENGTH AT THE TIME OF THIS BLOG. WELL LET’S DO A RECAP OF THE LAST 10 MONTHS
OF STERLING (MY LAST BLOG) AND I WILL OFFER A FEW COMMENTS AFTERWARDS!
THE END OF
APRIL, 2013 STERLING HIT A LOW OF
1.5418, IN MAY 2013 HIT A HIGH OF, 1.5605 STAYING BULLISH TO, 1.5751 ON THE 17TH
OF JUNE 2013. AT THIS TIME STERLING HAD A MAJOR RETRACEMENT! DROPPING BELOW THE
MAJOR SUPPORT LEVEL OF, 1.5000 TO A LOW OF 1.4857 ON JULY 9TH, 2013.
((PLEASE REVIEW MY PREVIOUS BLOGS ON THE SUBJECT OF STERLING BELOW,
“1.5000”!!!! A MUST READ!!)) STERLING BREAKS RESISTANCE AT 1.5000 TO
REACH, 1.5435 ON JULY 25, 2013 AT THIS POINT STERLING RETRACES TO 1.5102 ON
AUG. 2, 2013. FINALLY FROM THIS LEVEL
STERLING BEGINS A POWERFUL BULL!!, HITTING 1.5704, AUG. 21, 2013 A RETRACEMENT
TO 1.5462 ON, AUG. 30, 2013 AND FINALLY
A MAJOR STERLING BULL TO 1.6259 ON OCT. 1, 2013!!! STERLING RETRACES TO 1.5893 ON OCT. 16, 2013
TO A HIGH OF 1.6255 ON OCT. 23, 2013. IN
THE BEGINNING OF NOV. 2013 STERLING WAS AT A LOW OF, 1.5853 BULLISH TRENDING
THE MONTH TO REACH, 1.6464 ON DEC. 10, 2013, RETRACING TO 1.6218 ON THE DEC.
17, 2013.
THIS YEAR, 2014 STERLING OPEN 1.6580’S, HITTING BULLISHLY,
1.6602 JAN. 2, 2014, FOLLOWING THIS, A RETRACEMENT TO, 1.6331 ON JAN. 17TH,
2014. ADDITIONAL BULLISH SUPPORT
CONTINUES TO INCREASE, STERLING HITS, 1.6667 ON JAN. 24TH,
2014. GOING INTO FEB. 2014, STERLING IS
AT, 1.6251 ON FEB. 2, 2014 WITH A MAJOR BULL TO CONTINUE FOR THE NEXT TWO
WEEK!!! ON, NON-FARM FRIDAY, FEB. 07,
2014 STERLING HIT A HIGH OF 1.6416 TO CLOSE THE WEEK!! FINALLY THE CURRENT WEEK OF THIS BLOG!,
STERLING OPEN AT, 1.6402 HITTING A LOW OF 1.6391 ON FEB. 11, 2014 TO CONTINUE A
STRONG BULL RUNS THE REST OF THE WEEK HITTING 1.6757 (OVER 375 PIPS OF BULLISH
TRENDING IN 4 DAYS!!) EARLY IN THE LONDON SESSION FRIDAY MORNING!!!
SO WHAT’S NEXT???
WILL STERLING CONTINUE TO FIND SUPPORT AND FINALLY BUILD ON TOP OF THE
MOVING AVERAGE 200 ON THE “MN” TIME FRAME FOR THE FIRST TIME IN OVER SIX YEARS,
WILL B.O.E BECOME THE MASTER HAWK OF THE PAST AND INCREASE INTEREST RATE!!,
WHAT ABOUT THE BANK RATES!! STERLING
WILL NEED THE TONE OF A STRONG HAWK TO FIND SUPPORT OF THE MONSTER 200 MOVING
AVERAGE ON THE “MN” TIME FRAME, THAT’S BEEN PUNISHING STERLING FOR YEARS!!!
WELL I’M SURE, B.O.E. IS AWARE OF THE GREAT DEMAND AT THIS
TECHNICAL SUPPORT LEVEL. SURELY AN
INTEREST RATE AND BANK RATE IS TOO FOLLOW!!
NOTHING NEGATIVE CAN BE SAID ABOUT STERLING PERFORMANCE SINCE THE END OF
THE SUMMER IN 2013 AND SO FAR THIS YEAR STERLING IS IN EXCELLENT PERFORMANCE
SEEKING A TECHNICAL SUPPORT ABOVE THE 200 MOVING AVERAGE ON THE “MN” TIME FRAME,
IF THIS HAPPENS MAJOR ECONOMIC GROWTH WORLDWIDE!!
I WILL OFFER TECHNICAL SUPPORT AND RESISTANCE LEVELS FOR THE
FOLLOWING WEEK, HOWEVER I WILL NOT CONTINUE MY DAILY BLOG AS BEFORE, MANY OF
THE TECHNICAL AND FUNDAMENTAL DATA THAT I PROVIDE CAN BE FOUND ONLINE ON
ECONOMIC WEBSITES, WORLDWIDE… TRADE WITH THE TREND!!! CHECK YOU FUNDAMENTAL RELEASE!!! BEWARE OF GEO-POLITICAL CHANGES!! & MAJOR
WEATHER CONDITIONS!!
THANK YOU FOR YOUR TIME AND HAVE A GREAT DAY!
MR. GREGORY CORNELL JOHNSON, JR. SPEEDTRADER24/KOLLYBISTES23
PURCHASE OUR BOOK TODAY, “SPEED OF SPACE” AT:
IF YOU HAVE QUESTIONS ABOUT BECOMING A SUCCESSFUL CURRENCY
TRADER OR YOU MAY WANT TO KNOW WHY MOST INDIVIDUAL DON’T SUCCEED IN TRADING
I’LL BE HAPPY TO SHARE WITH YOU WHY…PLEASE EMAIL ME OR JOIN ME ON FACEBOOK OR
GOOGLE+
EMAIL: IDOMINATEFX@GMAIL.COM
TECHNICAL PIVOT, SUPPORT AND RESISTANCE LEVELS FOR STERLING
ENDING WEEK, FEB. 21, 2014
THE PIVOT POINT THIS WEEK FOR STERLING IS: 1.6628
R.1/ 1.6771 S.1/ 1.6485
R.2/ 1.6861 S.2/ 1.6395
R.3/ 1.6996 S.3/ 1.6260
