GBP/USD Daily Video, July 12, 2016

[Sive Morten]

Good morning,

Cable starts to form some hints on retracement and patterns that are starting to appear could be traded as well:




The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Brett Reynolds]

What's going on lately with these Kiwi and Cad trades Sive. No weekly grabber on Oil materialised. The Loonie was going down...then you said..going up.!!

Are you getting enough 'Salt Air' on the Caspian Sea.!?
I am still in Crete...with the Russian Girls...and still long on the Kiwi from 10 days ago.!!

 

[Sive Morten]

What's going on lately with these Kiwi and Cad trades Sive. No weekly grabber on Oil materialised. The Loonie was going down...then you said..going up.!!

We haven't got bearish reversal patterns on NZD and it has broken through weekly K-resistance and Agreement that is bullish sign. Usually when market breaks through strong resistance without respect it continues move up. So we will be watching for long entry on NZD.
On CAD it doesn't quite go down, actually. On Monday it has moved up and completed 4-hour grabber, today, yes, it stands in downward action, but it doesn't cancel setup yet...

 

[Cajun]

Hi Sive, thanks for the CAD analysis from last week and with your view on GBP retracing, I'm glad to be doing well longing GBPCAD all week. Looking at 1.75 target

 

[Cajun]

Hi Sive, thanks for the CAD analysis from last week and with your view on GBP retracing, I'm glad to be doing well longing GBPCAD all week. Looking at 1.75 target

Also glad that I don't trade US session...yikes!