Bovespa, Sensex & Cable
Sterlings failure to breach above the $1.6730 right shoulder in the H&S formation following the unexpected decline in Q3 GDP should help call up $1.63 and $1.6210. GBP could especially lose more ground in the event of upcoming risk aversion as equities near key technical levels. While the S&P500 is nearing the 50% retracement of the decline from its all time high to March lows; emerging market indices such as Brazils Bovespa and Indias Sensex are struggling (see charts below). WATCH A POTENTIAL DOJI CANDLE in the WEEKLY BOVESPA and ENGULFING BEARISH CANDLE in the SENSEX. Any prolonged retreat in these indices would cause a drying up of liquidity from emerging markets to the benefit of the USD (at expense of GBP).
Nov 12, 2021 12:55 | by Ashraf Laidihttps://www.binance.com/en?ref=13288560...
Nov 8, 2021 17:05 | by Ashraf LaidiWe know that Gold's commitment reports from the Comex is for the trading working period ending in a Tuesday.
Aug 10, 2021 18:42 | by Ashraf LaidiThe below analysis was carried out last Friday (Aug 6th), after which both BTC and ETH have risen more than 14% each.