daytradingES wrote:does someone have a link which shows results of the vote as they come in? (Brexit)
Ran Squawk is offering a “FREE 7-day trial to gain access to our exclusive 24hr coverage and analysis of the UK's EU membership referendum via our audio and text news feeds.” https://ransquawk.com/euref
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
daytradingES wrote:does someone have a link which shows results of the vote as they come in? (Brexit)
Ran Squawk is offering a “FREE 7-day trial to gain access to our exclusive 24hr coverage and analysis of the UK's EU membership referendum via our audio and text news feeds.” https://ransquawk.com/euref
Thanks
Educational only and not trading advice (EO&NTA) Good trading to all
BRITISH POUND AND UK STOCKS STRENGTHEN -- UK ISHARES HIT SEVEN- MONTH HIGH -- EUROPEAN SHARES ARE ALSO RISING
STERLING SHOULD BE BOTTOMING... I'm going to take the chance of ignoring the British vote on Thursday and concentrate instead on the charts themselves. If it's true that markets have a way of discounting (or anticipating) events, that's the best we can do. The British Pound is ground zero in the current situation. So let's start there. I'm going to look at it in three different time dimensions, and all three have a positive look to them. The daily bars in Chart 1 show the Pound gapping higher this week and in the process of challenging its May highs and its 200-day moving average. That's an extremely important test. It's short-term RSI and MACD lines are positive. Longer-range charts also have a positive look to them. The weekly bars in Chart 2 show sterling trying to reverse its two-year downtrend. It would have to clear the falling trendline to accomplish that. The 14-week RSI line (top of chart) has crossed over the 50 line which is positive. Weekly MACD lines (below chart) are also positive. The monthly bars in Chart 3 show the British currency in a potential support zone along its 2009 lows. Monthly RSI and MACD lines are close to turning positive. Putting it all together, I'd say that technical odds favor higher prices for the pound. That would be very good news for British and European stocks, as well as ours.
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