Blog/Pound
The Week in Review – July 11, 2016
The world economy is clearly causing the fundamentalists to flip-flop endlessly. They offer only opinions, and these are the times that will break the reasoning of [...]
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British Pound – After BREXIT
The British pound panic is subsiding and now it is time to retest resistance. Our Monthly Bearish Reversal stands overhead at 13660, so expect this to be the [...]
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Declining Pound Savior of Britain
QUESTION: Marty It looks like Carney and Osborne are talking the pound down in order to frighten people. Only one of their prophesies have come true – the [...]
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The British Pound
The pound has remained in a sideways band and is trading near the low of the decline. Our Weekly Bearish Reversals were 13540, 13507, 13340, and 13044. [...]
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The Pound & Euro For Month-End
We can see that the green uptrend line has been penetrated previously on this decline. Nevertheless, the euro is unable to rally beyond that 116 level where it [...]
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Soros Lost Big on the Pound This Time
COMMENT: Soros has been long gold and sold all his stocks. He made a fortune. REPLY: No professional trader tells people what he will do in advance. Those [...]
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It’s Not the British – It’s the EU
While everyone is busy blaming the Brits, the real culprit is the EU. The audacity of various EU ministers demanding immediate withdraw is akin to a spouse [...]
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