Video

Kim Cramer Larsson
Areas covered in this webinar by Saxo Bank technical analyst Kim Cramer Larsson include EURUSD, USDJPY, GBPUSD, EURGBP, gold, silver, S&P 500, the Nasdaq, the Dax, the FTSE and the Dow Jones.
Squawk / 29 August 2018 at 5:47 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
EURUSD - Capped by 100 day line, downside potential
Confirming Tuesday’s and this week's, positive calls EURUSD was bought higher. New 4 week highs were posted as a 3rd up day in a row kept the currency pair tracking a rising daily Keltner channel. The proximity of the 100 day mvg avg (unbroken for 4 months), and overbought extremes, is a concern and some profit taking has already been attracted. Signals for sentiment are not strong but they do suggest scope for the negative reaction to deepen.
We look to Sell at 1.1690 and 1.1719
Stop is 1.1755 bid
Targets - 1.1662, 1.1639 or even 1.1594
Closes 4pm London time
1y
KS2011 KS2011
I am in this one for a long term short from1.1720
1y
MSO MSO
Entered at 1,1686 and made a nice profit when it dropped to 1,1663 within an hour! Thanks Alan, your call is really consistent
1y
AlanCollins AlanCollins
Great stuff MSO. always good to make something when price action a little dull
1y
MSO MSO
True Alan and you are very good to pointing out that something. Really appreciate these daily calls! Thanks!

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