Month: May 2019

EURUSD 31st May, 2019

As expected the euro moved toward the upside, and so far it’s managed to break well above our initial confirmation point.

GBPUSD 30th May, 2019

Cable followed the alternate scenario and the cited target was reached and exceeded. Whether a bottom is in place, remains to be seen.

GBPUSD 28th May, 2019

The most recent decline leaves the bullish outlook on thin ice. We will main the bullish outlook as long as the main count’s invalidation point holds.

GBPUSD 27th May, 2019

Cable’s advance is in line with the idea that a bottom is in place and that higher highs are in store before resuming the larger degree downtrend.

EURUSD 24th May, 2019

The euro continued moving upward for another 40 pips, mostly due to the inertia from its most recent rally. But since every action stimulates an appropriate reaction, we should see some form of downward correction very soon.

GBPUSD 23rd May, 2019

Cable drifted to lower lows, tagging the middle of the cited target zone before reversing gears. Whether a bottom is in place, remains to be seen.

GBPUSD 21st May, 2019

Cable extended its decline and the cited target was reached and exceeded. We will continue to look for lower lows as long as the main hourly count’s invalidation point remains intact.

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