Analysis October 8th

Hi Guys!

Massive momentum shift on the GBP and Euro!

 

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Check out Tony’s article on today’s Eurogroup Meeting

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  • NathanTucci

    Hi, I am using the daily charts for my analysis. Thanks for watching!

  • NathanTucci

    Good point. It could certainly just be some follow through from the prior news hitting the market.. One thing I would note is that the daily bar from yesterday is pretty large, so it would seem to be more than just lazy follow through…

  • NathanTucci

    Awesome, Ben! That is great to hear!

  • drsamgeorge

    excellent, but not clear what is the period of the chart?

  • ben

    Your weekly analysis of the gbp last week got me excited as it had a classic evening star formation- one of my favourite bearish signals.This made me put a sell order in yesterday and am still in this trade-so thankyou.

  • opensrcmtneer

    I believe the GBPUSD weakness is still a bleedover from NFP last Friday. With the US Banks being closed on Columbus Day, This pair would continue to drift in the direction it closed on Friday. When the US Banks reopen on Tuesday will determine whether this recent down turn is truly a reversal or just a correction.