3cAnalysis - DAILY SPOT EURGBP - Wednesdays trade idea and technicals

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3cAnalysis

Steve Lucas

DAILY SPOT EURGBP - Wednesday's trade idea and technicals

A developing trend of higher weekly lows from close to a 22 month base has kept this week’s signals pointing higher. Tuesday also saw sentiment extend a trend of higher daily lows which is positive for sentiment. Daily sentiment is modestly overstretched, so there is the potential for pullbacks. In the absence of a sell signal however the outlook for Wednesday remains bullish and the call is to buy on the open and then at .8644, today’s opening trade in Asia with a stop loss at .8618, this week’s base. Targets are to .8678, the 22nd March open, .8695 which is the 1.1500 reciprocal and .8723, March’s top.

17/04/2019 1 EN

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3cAnalysis

3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.

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Steve Lucas

Other Reports from 3cAnalysis

Steve Lucas

Steve Lucas

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Steve Lucas

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WEEKLY DEC'20 DAX - This week's technical analysis & trade strategy

DEC'20 contract - A rising trend of higher monthly lows is positive for sentiment and our bullish forecast for Q3 has been confirmed. However, with sellers returning to the market in September from ahead of 13538.0, the window which has remained open since a weekly close at February’s record high, last week’s signals switched to a bearish bias and the call to stay square on the open and to sell the rally at 13258.0 was moderately successful. Despite closing with an up week, signals for this week continue to point temporarily lower and the call is to sell only modestly on the open and then at 1...

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Steve Lucas

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WEEKLY JUN'20 DAX - This week's technical analysis & trade strategy

Jun'20 contract - Having identified the previous 4 week sell-off, last week’s signals were unusual as they pointed to both buying the dip and to selling the rally. This was the correct interpretation as an initial 500 Pt sell-off attracted buyers, but for the rally to attract sellers on Friday and for sentiment to deteriorate by over 600 Pts from the top. This week’s signals are pointing lower, but any pullback should be temporary, so with a good deal of caution the outlook is negative and the call is to sell on the open and then at 9950.0 with a stop loss at 10352.0, the last 3 week Marabuzo ...

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DAILY SPOT EURGBP - Wednesday's trade idea and technicals

Q4 DEC'20 S&P - ThE Q4 report for technical analysis & trade strategy

WEEKLY DEC'20 DAX - This week's technical analysis & trade strategy

WEEKLY JUN'20 DAX - This week's technical analysis & trade strategy

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