Hot-Charts
EURGBP Bullish Turn
by
Mar 2, 2009 13:30
EURGBP rebound shows signs of deeper recovery as pair ends 2-day losing streak amid selling in GBP following the 70% decline in HSBCs 2008 net income. Todays bullish engulfing pattern sets the stage for 0.8970 and 0.9000. Subsequent resistance stands at 0.9070trend line resistance from the Dec 30 high thru the Jan 26 high, as well as the 38% retracement of the move from the same high to the 0.8635 low (Feb 10). Support stands at 0.8860, backed by 0.8800. Thursdays ECB/BOE decisions are expected to produce rate cuts of 50-bps each to 1.50% and 0.50% respectively, thus potentially calling for further GBP losses on the break of the 1.0% mark in the UK.
More Hot-Charts
-
Mystery Charts
Feb 5, 2026 20:48 | by Ashraf Laidiسأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات Will send detailed note on latest parameters to our WhatsApp Bdcst Group... -
2hr Gold Chart
Feb 3, 2026 13:09 | by Ashraf Laidiسأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات Will send detailed note on latest parameters to our WhatsApp Bdcst Group... -
Gold Net Longs
Feb 2, 2026 17:16 | by Ashraf LaidiI really dislike after-the-fact analysis, but looking at this chart of Gold speculative net longs at the Comex, it shows speculators began lightening their longs on Jan 23.
