Get started

Brexit

GBPUSD: Simple Double Top Trade very interesting situation on GBPUSD . The pair is coiling around 1.27 structure resistance and we see a clear rejection of this level. The pair has just formed a double top pattern, and there is a high chance of switching the sentiment from bullish to bearish . Our trigger is the bearish violation of 1.255 structure support level. If the market breaks below this level we can short the pair expecting bearish continuation to lower structure levels. Target levels will be 1.242 1.230 *if the market goes up and closes above the resistance, setup will be invalid! Please, support the idea with like and leave a comment! Thanks.
Short
by VasilyTrader
5
Keeping the peace in a troubled world, IMF forecastsEven though yesterday in Japan, the USA and Canada was a day off on the financial markets we cannot but call that day like a calm one. As it was expected, a mini pound bubble burst. The lack of new positive drivers forced the most impatient to take profits of about 500 points. Plus, fears that the deal will fail again remains relevant. In particular, the EU’s chief Brexit negotiator, Michel Barnier, said that the current version of the deal lacked detail, which could lead to potential time pressure (there is too little time to discuss all the important points - the summit will be held on Thursday). Our recommendation is to buy the GBP remains relevant. Remember about stop loss, because the potential of the pound growth is far from exhausted. It can still grow by 500 or even 1000 points. Today we are waiting for statistics on the UK labour market to come out, which may well trigger a surge of volatility. This should be taken into account when making trading decisions. Safe-haven assets remain relevant yesterday and the recommendation to buy the yen proved its worth. Indeed, there are many reasons for buying safe-haven assets. It would seem that the agreements between the United States and China have somewhat relieved the tension, but if you look at what is happening from another side, facts side, then nothing has been signed, and in general, we are talking only about the first phase of the agreement. That is, mass exiting safe-haven assets on such news would be at least illogical. As for the Middle East. Turkey’s ground military operation in Syria, the attack on the Iranian tanker - although these are links of different chains, they only emphasize how explosive the region is. Against this background, reassuring investors would look very strange. So today we will not only continue to buy the Japanese yen but will also restore our recommendation to buy gold. The reason for the growth of safe-haven assets today may be the IMFforecasts publication on the growth rate of the global economy. If (when) the Fund again lowers its forecasts, the demand for safe-haven assets will have to rise as well as the prices of gold and the Japanese yen. We draw our readers' attention to excellent points for entering a short position on the EURJPY. In this light, our position on oil purchases looks problematic. However, the tension in the Middle East and concerns about the oil supply on the market may well balance the weak forecasts for the growth of the global economy and, accordingly, the fears of weak oil demand in this regard. So while oil above 51.20 we will look for points for its purchases with a target of 55-56 (WTI brand).
Long
by Trade24Fx
ORBEX: GBPUSD, AUDUSD: Trade And Brexit Deals Fall Short!In today's #marketinsights video recording I analyse #GBPUSD and #AUDUSD Pound Lower on: - Highly complex proposal for a double customs system - Nothing substantial or "workable" submitted to EU Aussie Lower on: - Tradewar shift, again, as tariffs part of the limited deal - Phase one not documented, China needs confirmations Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
GBP/USD to around 1. 40 000 GBP is about to break out if they leave Europe, but that won't be easy. It might first go to 1.28 000 and after it can pull his 3d swing pull back to 1.25 000 Let's say that there will be a solution for Brexit and they go out from Europe. First it need to break to 1.27 942 to reach 1. 40 000 I used price action bars; it tells weekly that there is a blue bar(it means that the biggest bank have bought some GBP like J P Morgan. And when this happend it can trigger the BULLS. Like you see , i use also ichimoku as a back up. Have a nice week and let's see if we can make money but do have risk managment, cause GBP is very volatile it isn't my best pair Hola
Long
by price_action_bars
Pound records, trade war and attack on Iranian tankerThe United States and China negotiation on trade war took place last week. In just two days by 500 points, the GBP showed a sharp growth regarding Brexit news. Actually, we have been waiting for this for quite some time and note that this growth is not limited. This week, EU summit on Brexit will be held on Thursday. With the positive outcome, the pound may well get another five hundred growth points in the asset. But let's not get ahead: events are still in the process, and the pound remains very vulnerable to negative news. After all, there are no real facts of the arrangements between Johnson and the Irish Prime Minister exist. So any change in negotiation may radically change market sentiment. Our position on the pound remains unchanged. We were sure that there would be no way out without a deal, and we are sure of it. And this is an occasion for buying the pound, even after such impressive growth. Negotiations between the USA and China. According to the current situation, the United States agreed to suspend another increase in tariffs on Chinese goods which is expected to be realized this week. The parties announced progress in the negotiations but did not work out any final agreement. So actually it is a positive news global economy, but again the situation is very precarious. According to Trump, it may take up to five weeks to prepare a final agreement. He acknowledged that the deal could break, but expressed hope that this would not happen. We will wait for a while with gold purchases, but sales of the USDJPY pair look very promising. We place stops above 108.90, profits 106.8 and below. Moreover, the Middle East is again troubled. At the end of the week, the Oil market strengthened. Recall, we recommended buying it in the area of 52 (WTI brand). The reason for the active trading on Friday was information about a missile attack on Iran’s oil tanker. Iran has already stated that the rocket flew in from Saudi Arabia. Given that before this, the Saudis accused Iran of attacking their oil facilities, the conclusions of Iran seem generally logical. We will remind, earlier Saudi Arabia pretended that the incident has been settled, and they will not aggravate the situation and try to take revenge on Iran. Therefore, this week we will continue to recommend oil purchases. Moreover, the goals that we announced last week for purchases have not been achieved yet. More precisely partially achieved (recall, we predicted $ 55- $ 56). Today is a day off in a number of countries, including the United States. Given the extremely unstable news background, this is fraught with explosions of volatility, so today you need to trade with extreme caution.
Long
by Trade24Fx
GBPUSD 1.2500 OR 1.3000?Well well what a week for the pound. Boris actually looking like he's pulling his finger out and cut the irrelevant and commences positives talks with IE Brexit associates that see the Pound rocket 500pips in two days!! Now will the market stabilise and pull back? I think so, but when? currently I have a monthly key level and a pink weekly trend line at 1.27000 where we saw price get held. We are yet to see any bearish signals on a higher timeframe so there could be further room for a more upside to a next key level of 1.3000 Now with the EU summit taking place towards the end on the up and coming week ahead we need to keep our whits about the market ahead. Sticking toy technical thoughts I would like to see another reaction of 1.2700 and a retracement with high timeframe resistance holding strong. with 1.2500 being a fibonacci retaracement zone is see this as a great short opportunity
by Travis_duncz
IG Group - Inverse head and shoulders bottomBuy IG Group (IGG.L) IG Group Holdings plc is a United Kingdom-based company, which is engaged in online trading. The Company provides contracts for difference (CFDs) in over 17 countries globally. The Company's segments include UK, Australia, Europe and Rest of World. The UK segment consists of its operations in the United Kingdom and Ireland, and derives its revenue from financial spread bets, CFDs, binary options and execution only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The Europe segment consists of its operations in France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and Switzerland, and derives its revenue from CFDs, binary options and execution only stockbroking. Market Cap: £2.2Billion IG has completed an inverse head and shoulders bottom pattern on the daily chart. The move higher stalled at 648 and has corrected lower towards the neckline of the pattern at around 580p. This also lines up with a couple of Fibonacci support levels. The bullish outside candle that has formed today suggests that further upside could be seen in the short term. Stop: 555p Target 1: 630p Target 2: 733p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:IGGLong
by Investamate
Brexit breakthrough and markets bet on the breakthrough in US-ChThere were no major breakthroughs at the meeting between UK Prime Minister Boris Johnson and his Irish counterpart Taoiseach Leo Varadkar over the Irish border backstop. Recall that today it is the main sticking point that stops signing an agreement with the EU. As a result, the GBPUSD soared more than 250 points. However, this is not the end so you should not relax. Next week, the EU summit will take place, from which markets are waiting for a final decision on Brexit. Current options for the development of events include an agreement with the UK, another delay or exit without a deal. We have been supporting pound purchases for a long time since we believe in Brexit deal. Negotiations between the USA and China continued to be the hottest one. Trump said the talks went well. Today, Trump will host Liu He, Vice Premier of the State Council of the People's Republic of China, in the White House, so surges in volatility in the financial markets are still likely. The markets seemed to be imbued with Trump's confidence, as demand for the Chinese yuan in the options market sharply increased (over the past 24 hours, traders bought two-month options in the dollar/yuan with a strike at 6.95 for $ 650 million). That is, traders are trying to prepare for the success of the negotiations and are waiting for the renminbi to strengthen. trading decisions have to be made with an eye to a possible change in the existing fundamental background. Regarding our position on safe-haven assets, today we will not recommend buying gold or the Japanese yen. The situation is too unpredictable, and the risks are too high. Our recommendation for today is the adaption to any negotiation outcome. The success of negotiations between the United States and China, in theory, will be accompanied by haven assets sales. Accordingly, you can act respectively, with that. Yesterday, pound dynamics showed that even a late call could bring significant profits. If negotiations fail, you can act respectively purchasing gold and the Japanese yen. In terms of macroeconomic statistics, Employment Change in Canada is what we are interested in. So today is an interesting day to work the Canadian dollar.
Long
by Trade24Fx