16 Exposición Internacional de Arquitectura- Biennale di Venezia. Participación de la República Bolivariana de Venezuela bloguero representativo de finanzas forex la 16 Exposición Internacional de Arquitectura- Biennale di Venezia. UK decision to leave the EU. There was an acute market reaction for a couple of days, but the disruption to the financial system was not major.
The initial line of defense—central bank swap lines—were barely used. This was the largest weekly rise since early-March. It finished the week at its highest level since June 9. Flag patterns are usually continuation patterns. If valid, it would suggest that from a technical point of view, addition dollar gains are likely. It is not clear at what level the pattern is no longer valid in the Dollar Index. Ideally, it would hold above 95.
200-day moving average is near 94. 1170 retracement level ahead of the weekend. 1230 retracement target, which coincides with the 20- and 100-day moving averages. The dollar was turned back from the week high near JPY103.
The RSI is low and flat, but the MACDs are about to turn higher. The slow stochastics are also constructive. After the historic drop, sterling spent most of the past week consolidating in a triangle pattern, which is also often a continuation formation. The top of the triangle is formed connecting Monday, Wednesday, and Thursday’s highs.
3490 now and falls a cent by the end of next week. The bottom of the pattern connects Monday’s and Thursday’s lows. One of the implications of this pattern is that sterling made the highs for the week on Monday. 30 to satisfy the sterling bears. It seems that the down moves were more impulsive than the upticks. We look for the euro to rise into the GBP0.
8600 area in the coming weeks. The weekend election, where a dead heat in the polls seems to favor the governing coalition, and the RBA meeting next week, may have discouraged speculative interest. Important support for the US dollar, near CAD1. It corresponds with a retracement objective and the 20-day moving average. A convincing break could warn of a move back to CAD1. The August light sweet crude contract snapped a two-week decline.
That said, the strong momentum in April and May gave way to a better two-way market in June. Over the last six week, there have been three advancing and three falling weeks. In the six-week prior, oil rose in five weeks. The technical tone seems consolidative in nature. 50 range to be of any significance. On May 27, the yield finished at 1. This past week it dipped below 1.