Squawk /
12 December 2018 at 6:46 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
GBPUSD- Tracking Keltner Channel Lower
Yesterday's and this week's bearish bias was proved as an initial profit taking rise Tuesday triggered our sell rally level. The resulting renewal of selling pressure took CABLE to new 18 month lows and through our final weekly downside objective. Immediate signals for sentiment remain oversold but, currently, rally attempts (like in Asia this morning) are likely to remain temporary and limited.
So we look to Sell in 1.2510/15 area and any 1.2542 rally
Targets are 1.2479, 1.2451 or even 1.2406
Stop is 1.2580 bid
Closes 4pm London time
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Squawk /
05 December 2018 at 6:39 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
GBPUSD - Upside Rejection to Deepen
Trading as volatile yesterday with our original negative forecast ‘stopped’ by a strong early rally. But this upside failed to be maintained above the 13 day mvg avg and, although the lows were also not held, it is the failure above that average that leaves our intraday technical signals for sentiment bearish. Caution needs to be applied to cope with volatility that remains but sentiment remains assessed as negative.
So we look to sell in 1.2685/90 area and on a 1.2711 rally.
Stop is 1.2747 bid
Targets 1.2647 and 1.2626.
Closes 4pm London time
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Squawk /
28 November 2018 at 6:44 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
EURJPY - Cautiously Bullish & Buy 128.35 Dip. Stop 128.05
Despite Monday’s solid gains, Tuesday’s forecast was a negative one. This was due to demand stalling at the crucial 13 day mvg avg and this proved correct. But price action was volatile and, despite a negative bias, net movement was minor. This kept EURJPY fluctuating around the 13 day line and does not provide strong signals for sentiment going into Wednesday. Nonetheless, demand has been seen in Asia and with this likely to impact on this morning’s sentiment.
We look to Buy in 128.55/60 area and on any 128.35 dip
The stop is 128.05 offered
Targets - 128.85 and 129.10
Closes 4pm London time
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Squawk /
21 November 2018 at 6:43 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
EURUSD - Bearish Outside Day Points Lower
Modestly higher levels in early trading yesterday yielded our first upside target. But this demand proved limited and temporary. Sentiment turned sharply with the bulk of the day attracting steady selling pressure. The resulting decline took EURUSD back to the 13 day mvg avg but although that held, it is the creation of a Bearish Outside Day pattern that places the technical focus on the downside.
we look to Sell in 1.1385/90 area and any 1.1411 rally
Stop is 1.1452 bid
Targets - 1.1358, 1.1330 or even 1.1306
Closing 4pm London time
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Squawk /
13 November 2018 at 7:42 GMT
Short USDCAD at 1.3227.
Stop loss at 1.3250 (although I may close before there or move my SL to breakeven).
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Squawk /
06 November 2018 at 6:49 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
GBPUSD - Key average to support further gains
This week’s outlook lacks strong signals for sentiment. Despite buying interest Monday, and a 4th higher low, that situation has not changed. CABLE is below the 100 day mvg avg and the 13 week line with both yesterday and Friday only posting minor net movement. So intraday technical studies cannot be strong but they are assessed as mildly bullish.
We look to Buy at 1.3050 and 1.3033
Targets are 1.3082 and 1.3098
Stop is 1.2990 offered
Closes 4pm London time
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Squawk /
31 October 2018 at 7:12 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
USDCAD - Cautiously Bullish & Buy 1.3107 Dip. Stop 1.3069
Our bullish call for Tuesday had some modest success. But the buying on an initial setback still lacked the momentum to retest last week's top and USDCAD continued to trade, uncertainly, within Friday’s parameters. The currency pair remains comfortably above the 13/100 day mvg avg area but is not currently showing strong signals for sentiment. This means that this morning’s analysis has to be made with a good deal of caution. But with buyers returning in Asia, our call for this morning is a Cautious Buy at 1.3125 and 1.3107
Targets are 1.3150, 1.3168 or even 1.3198
The stop is 1.3069 offered
Closes 4pm London time
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Squawk /
30 October 2018 at 6:39 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
USDCHF - Tracking Keltner Channel Higher
In line with this week's outlook, buying interest was attracted to USDCHF yesterday. This renewed attempt to consolidate above 1.0000 overturned Friday’s profit taking setback and although demand faltered near last week's highs, the market is increasingly willing to buy setbacks. Cautious still needs to be applied to this currency pair but our technical studies are mildly positive.
We look to Buy in 1.0010/15 area and any .9994 dip
Targets are 1.0036, 1.0052 or even 1.0069
The stop is .9962 offered
Closes 4pm London time
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Squawk /
25 October 2018 at 5:52 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
EURGBP - Cautiously Bullish & Buy .8827 Dip. Stop .8811
Yesterday's call was a bullish one after 2 days of downside rejections. During European trading that view was not confirmed but buyers returned to the market in late trading, marginally above our buy dip point. The result was, once again, minor net movement and so the cross remained beneath the 100/200 day mvg avg area. This price action does not create strong signals for sentiment but this morning’s call is a Buy -
At .8853 and .8827
Targets are .8866, .8877 or even towards .8902
Stop - .8811 offered
Closes - 4pm London time
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Squawk /
24 October 2018 at 21:26 GMT
Does anyone know if KVP still does Macro Monday?
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