The Pound-Dollar Uncertainty
With the whole trump and brexit madness going on right now, what could we say about the future?
With the GMMA indicator showing signs that we are in oversold/start of trend reversal territory aswell as oscillators such as the CCI and Stochastic RSI telling us we're in oversold territory, what should we expect in the longevity of things?
Yet the Weekly graph as of this moment in forex is showing large upward momentum indicating a potential for a big move soon, most probably because of price injections to the pound over political unrest in the USA.
What is your take on this? I'd love to hear your opinion, please leave a comment below and like to spread awareness.
My personal opinion is that the UK is moving towards a softer brexit which would be the most economically saturating outcome for the pound,however, due to the major uncertainty for businesses within the UK how can anyone be sure? Adding on to the fact president Trump's idealism of a wall that must be built to ensure safety in America.
Based solely on TA however, i feel as if a big move may be coming however no signs of reversal have been shown and i feel as if trading this pair should be based upon market sentiment.
Thank you for reading!
Disclaimer; i want to create non-biased educational analysis' aswell as analysis' in the future, to help me provide the best analysis' possible and the reader to gain the most out of this analysis please do not be afraid to criticise my ideas as i am eager to co operate and learn more from the industry!
and yes, i know multiple oscillators are not always necessary but i do like to use multiple in order to provide verification that this is not a one off, for example, the AC oscillator is looking towards bullish momentum on the weekly graph but it may be wise to wait for confirmation if you are trading this pair.
With the GMMA indicator showing signs that we are in oversold/start of trend reversal territory aswell as oscillators such as the CCI and Stochastic RSI telling us we're in oversold territory, what should we expect in the longevity of things?
Yet the Weekly graph as of this moment in forex is showing large upward momentum indicating a potential for a big move soon, most probably because of price injections to the pound over political unrest in the USA.
What is your take on this? I'd love to hear your opinion, please leave a comment below and like to spread awareness.
My personal opinion is that the UK is moving towards a softer brexit which would be the most economically saturating outcome for the pound,however, due to the major uncertainty for businesses within the UK how can anyone be sure? Adding on to the fact president Trump's idealism of a wall that must be built to ensure safety in America.
Based solely on TA however, i feel as if a big move may be coming however no signs of reversal have been shown and i feel as if trading this pair should be based upon market sentiment.
Thank you for reading!
Disclaimer; i want to create non-biased educational analysis' aswell as analysis' in the future, to help me provide the best analysis' possible and the reader to gain the most out of this analysis please do not be afraid to criticise my ideas as i am eager to co operate and learn more from the industry!
and yes, i know multiple oscillators are not always necessary but i do like to use multiple in order to provide verification that this is not a one off, for example, the AC oscillator is looking towards bullish momentum on the weekly graph but it may be wise to wait for confirmation if you are trading this pair.
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