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Tag: EURGBP

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EURGBP To Lose Bull Pressure

The first half resistance for the year was at 0.87265, which was in June 2022. There was a break-out to the upside in September has price rallied to 0.92758 in September 2022, which is this year’s high. After the rally to 0.92758 on the 26th of September 2022, the next trading day closed bearish which has led to more bearish close. The bulls tried to push price high to 0.88188 in October after a price fall to 0.86495.

Monthly Chart

The last 2 trading days have closed with a doji. The price might also close with a doji today, which could be an indication of price reversal to the downside. If the price falls, the support level at 0.86495 might be broken to the downside. The Daily Chart shows the RSI has been overbought, which the daily candlesticks indicate a possible price reversal in the coming days.

Daily Chart

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get currencies in your portfolio? Schedule a meeting with us here

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EURGBP: Euro Continues To Lose Against The Pound Post-Pandemic

During the lockdown in 2020, EURGBP reached a new high at 0.95043. That was the highest point for EURGBP since March 2009. Since that high in 2020, the Pound has been gaining against the Euro. As a result of the price fall, the resistance level of EURGBP in 2021 was at 0.87240. And the lowest price for that year was 0.83680.

Daily Chart

EURGBP opened in 2022 at 0.84026. For the first quarter of the year 2022, price was in a range. Despite the range, a new low was seen at 0.82036. As we entered into the second quarter, there was a breakout from the range to the upside. This breakout led to price reaching 0.87227 in June and it currently is the resistance level for 2022.

30mins Chart

On the same day the resistance level was reached in June, price began to fall. As at the time of publishing this article, EURGBP stands at 0.84609. Looking at the daily chart, the price has been characterized by lower highs and lower lows. EURGBP is currently on a lower high with a support level at 0.83396. In the next few days or weeks, we might be seeing a lower low which could break that support level to the downside. RSI on the 30-Minute Timeframe shows that price is overbought.

Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get currencies in your portfolio? Schedule a meeting with us here

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ON THE AIR with ForexAnalytix

I had a great time with Dale Pinkert over at F.A.C.E. a couple weeks ago. It has been awhile since I have shared my thoughts with an audience in that way. Dale and I go way back so we gist a bit but the chat kept us on topic LOL. You can see the highlights on Instagram already if you follow us there.

Jump to the 24:40 mark to hear my thoughts on:

  • $EURGBP in a failing rally that is still playing out this week
  • $GBPJPY buy opportunity
  • How the almighty dollar has been a both a winner AND a loser
  • And, venture capital in Africa. I’m grateful to Dale for honoring my growth into other asset classes and his willingness to learn about them all. This is why investors and traders, alike, love to speak with Dale.

Some of these ideas are in our clients’ portfolios. To understand which ones can work for you or for help to invest for your own wealth, talk to our advisors at FM Capital Group. Would you like more information on Investment Advisory, Portfolio Services, and VC? Schedule a meeting with us here.

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ON THE AIR with The Trader’s Vibe

Last month, I had the pleasure of speaking with a new traders community. Led by Carl Burgette, The Trader’s Vibe is a new weekly video podcast series where Carl interviews notable and prominent traders every week. To be considered notable and prominent in this business is truly an honor so I was happy to join him on the show. As with any new community, we spent much of the time talking about my background and how I entered into finance (which is a very unorthodox path, to say the least). Of course, we talked markets and what I was seeing at that time in the GBP. However, this was the first time that I was asked about how I’ve been treated as a woman in the business and my thoughts on bringing more women and people of color into finance.

Catch my episode of The Trader’s Vibe below. Enjoy!

If you are interested in learning how to read and analyze stock & forex charts on your own, please check out the CHARTS101 course. Read the charts for yourself so you can trade what you see and not what I think.

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ON THE AIR with F.A.C.E.

Today, I spoke live with over 200 traders in the Forex Analytix Community Experience (F.A.C.E.) about what the opportunities are in GBP for the new trading week ahead. With multiple pairs ending the previous trading week at major support levels, there were several great opportunities to share with traders live in the market on camera. That’s always great. I hope everyone who caught me live is doing some trade management now on those trades. We have some great moves already in the $GBPUSD and $GBPJPY. In case you missed it, do study the replay below.

If you are interested in learning how to find and use these levels in your trading, please check out the CHARTS101 course. Read the charts for yourself so you can trade what you see and not what I think.

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The EU-UK Tug of War

Back in 2019, populism took hold of the United Kingdom (UK) with the rise of Prime Minister Boris Johnson. In his first year, Johnson has executed on Brexit as promised and consolidated power around him. However, his inflexible, aggressive tactics has not earned him the same respect from the European Union (EU) officials.

And that was before the coronavirus pandemic, which has not made things easier for the UK nor the EU. Italy and Spain were hit hard by the disease, Johnson fell sick in March, and economies across Europe shut down in response to the pandemic. As a result, the British economy took a beating. On Friday, UK GDP reported a -17.4% for the past 3 months. The EU saw a contraction of -3.2% for the first quarter of this year. Q2 data is going to come in much worse.

EURGBP WEEKLY CHART, 14 JUNE 2020

The $EURGBP is playing this back-and-forth dynamic out in real time. Price action is rangebound, stuck between 0.9050 and 0.8850. Only a break and successful hold out of the range, changes that and restarts a trend direction. Play the range until it breaks. What will finally break the range? The nice thing as traders is that we don’t need to know why. Watch the levels and let price do its work.

If you are interested in learning how I found these levels, please check out the CHARTS101 course. Read the charts for yourself so you can trade what you see and not what I think.

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THE TRADERS SUMMIT

When my friends at Forex Analytix asked me to join their amazing speakers line up, I was thrilled. I was honored to join the event on April 30, 2020 and speak with new traders, in particular, about how to be successful in the forex market and help all traders with some insights on the GBP. Watch the replay of my presentation below and find the entire 2-day event on their Youtube page.

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ON THE AIR with FUTURES with Ben Lichtenstein

Last week, I was back on the air with Futures with Ben Lichtenstein. Since we are still in the new year season, it was a great segment that they produced as a trip around the world in currencies. Starting with the U.S. dollar, Ben and I talked about the fundamentals that are really driving currency flows in the market right now.

This morning, traders were greeted by news that the EU and UK trade talks are deteriorating. I actually mentioned this fundamental risk last week in my segment with Ben. Check out more of my thoughts on all the major currencies below. My accuracy coming to fruition this week is even amazing to me 🙂

Enjoy the show!

Lydia Idem on TDA NETWORK
Click to watch!

If you are interested in a primer on how to read charts, please check out the new course, CHARTS101.

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ON THE AIR with F.A.C.E.

I was happy to be back with Dale Pinkert at the ForexAnalytix Community Experience last Thursday morning. But super bummed that we got cut off due to technical difficulties. It was my fault (note to self: always charge up the computer before a show).

Amongst our forex talk, Dale and I also started talking about the coronavirus’s possible effects on the markets. As of last week, the markets had not really reacted to the news. However, I mentioned that I thought we would see a sell-off eventually induced by the coronavirus outbreak. So I welcome today’s price action. I don’t think it is a time to panic. It is a time to put orders in place and trigger your trading and investing plans.

Enjoy the show!

If you are interested in a primer on how to read charts, please check out the new course, CHARTS101.

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ON THE AIR with Yahoo! Finance

I had the pleasure of speaking with the guys at Yahoo! Finance this past Friday. It was my first in studio appearance! Even though it was simply a live feed into the NYC HQ studio, it was very cool to visit the Yahoo! campus and record from a legit television studio.

As I mentioned on the show, I do believe the U.S. dollar can fall more from here as risk appetite continues to run through the U.S. equity markets. The $SPX continues to make all-time highs, making any downturn simply a correction at this point. Brexit continues to dominate sterling news despite the Parliament-majority outcome from this month’s general election in the UK. As such, watch the GBP continue to sell-off as the market has new concerns with HOW the UK leaves the EU in 2020. I also opined on how China and the U.S. election cycle could play out in markets and what traders and market participants need to watch for.

I had a good time at Yahoo. I got to take my eldest with me as my social media assistant and my producer treated us to a campus tour and lunch at the amazing Yahoo cafeteria. I look forward to speaking with the guys at The Final Round again in 2020.

Watch my full interview below. Enjoy!

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