FX:GBPEUR #CAC40_futures #Nasdaq Usually around this time of year, we start receiving emails asking how Sterling looks against both the US Dollar and the Euro. This year, the silence has been pretty obvious and we guess many folk are not planning exotic travels to Euro Disney or the USA. Personally, despite both vaccinations, the idea of traveling a distance is repellent, especially with the threat of finding oneself in a quarantine situation.
In reality, living in Argyll in Scotland already tends mute the concept of going elsewhere. After all, we enjoy a deluge of mountains, islands, beaches, sea views, inland lochs with amazing fishing, and some of the worst roads in the UK (outside Cornwall). On a day when the weather behaves, disappearing to a local empty beach with the dogs and a picnic gives an instant holiday and the stress of the markets quickly vanishes. Rather harshly, “summer” tends only be reliable during May & June, the mountains often threatening more traditional forms of deluge. As anyone who’s visited the area will doubtless remember, rainfall and winds of biblical proportions can make themselves known too.
A neighbour called, quite literally to tell me about his new garden shed so I’d recognise it, if it blows into my land. There’s a chance this demonstrates sound judgement from the bloke, thanks to his previous 2 sheds pretending they were auditioning for Wizard of Oz, one landing in our garden stream in component parts, it’s replacement opting to decorate our lawn a few months later, discovered in the long October grass entirely by accident.
We reviewed GBPEUR last December, when the pairing was trading around 1.10. Our analysis supplied criteria for the relationship to move up to 1.173, a feat the market achieved in March of this year. From behaviour of the pair, our 1.173 target level looks like it was quite important, our target exceeded but the market has hovered around the 1.17 level for a few months. There are some extremely vivid potentials, should this relationship again strengthen, next time it moves above 1.18.
Such a move looks capable of triggering a lunge in the direction of 1.213 initially and when we review historical behaviour, this makes a lot of visual sense as a point where some stutters look possible. We’re less confident about our secondary calculation of 1.251 as a visit to such a point is liable to prove game changing for the future strength of Sterling. It’s already difficult to believe parity with the Euro looked a certainty, now such thoughts are diminished.
The relationship needs founder below 1.145 to provoke panic and at present, this appears unlikely.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:28:53PM | BRENT | 74.85 | Success | ||||||||
| 10:30:33PM | GOLD | 1779.4 | |||||||||
| 10:32:17PM | FTSE | 7072.38 | |||||||||
| 10:34:54PM | FRANCE | 6556.2 | 6542 | 6533 | 6526 | 6564 | 6607 | 6617 | 6642 | 6580 | Success |
| 10:37:33PM | GERMANY | 15484 | |||||||||
| 10:38:59PM | US500 | 4243 | |||||||||
| 10:40:43PM | DOW | 33908 | |||||||||
| 10:42:47PM | NASDAQ | 14284 | 14240 | 14206 | 14165 | 14325 | 14329 | 14342 | 14468 | 14230 | |
| 10:45:05PM | JAPAN | 28786 | 28698 | 28652 | 28532 | 28788 | 29012 | 29127.5 | 29271 | 2881 | ‘cess |
23/06/2021 FTSE Closed at 7074 points. Change of -0.23%. Total value traded through LSE was: £ 4,840,178,620 a change of 4.89%
22/06/2021 FTSE Closed at 7090 points. Change of 0.4%. Total value traded through LSE was: £ 4,614,657,268 a change of -14.59%
21/06/2021 FTSE Closed at 7062 points. Change of 0.64%. Total value traded through LSE was: £ 5,402,713,223 a change of -54.05%
18/06/2021 FTSE Closed at 7017 points. Change of -1.9%. Total value traded through LSE was: £ 11,756,764,970 a change of 103.69%
17/06/2021 FTSE Closed at 7153 points. Change of -0.43%. Total value traded through LSE was: £ 5,772,023,987 a change of -2.72%
16/06/2021 FTSE Closed at 7184 points. Change of 0.17%. Total value traded through LSE was: £ 5,933,708,307 a change of 0.36%
15/06/2021 FTSE Closed at 7172 points. Change of 0.36%. Total value traded through LSE was: £ 5,912,147,960 a change of 2.11%
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:BLVN Bowleven** **LSE:DGE Diageo** **LSE:EXPN Experian** **LSE:FRES Fresnillo** **LSE:HL. Hargreaves Lansdown** **LSE:HUR Hurrican Energy** **LSE:IGAS Igas Energy** **LSE:MKS Marks and Spencer** **
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Updated charts published on : Bowleven, Diageo, Experian, Fresnillo, Hargreaves Lansdown, Hurrican Energy, Igas Energy, Marks and Spencer,
LSE:BLVN Bowleven. Close Mid-Price: 4.5 Percentage Change: + 0.00% Day High: 4.5 Day Low: 4.5
Continuing to sleepwalk toward next year, BLVN isn’t giving anything away ……..
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View Previous Bowleven & Big Picture ***
LSE:DGE Diageo Close Mid-Price: 3488.5 Percentage Change: -0.41% Day High: 3574.5 Day Low: 3495
Target met. Further movement against Diageo ABOVE 3574.5 should improve a ……..
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View Previous Diageo & Big Picture ***
LSE:EXPN Experian Close Mid-Price: 2806 Percentage Change: -0.14% Day High: 2832 Day Low: 2786
Target met. Continued trades against EXPN with a mid-price ABOVE 2832 sho ……..
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View Previous Experian & Big Picture ***
LSE:FRES Fresnillo Close Mid-Price: 814 Percentage Change: -1.64% Day High: 830.2 Day Low: 806.2
Continued weakness against FRES taking the price below 806.2 calculates a ……..
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View Previous Fresnillo & Big Picture ***
LSE:HL. Hargreaves Lansdown Close Mid-Price: 1577.5 Percentage Change: -0.66% Day High: 1601 Day Low: 1573
Continued weakness against HL. taking the price below 1573 calculates as ……..
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View Previous Hargreaves Lansdown & Big Picture ***
LSE:HUR Hurrican Energy. Close Mid-Price: 1.65 Percentage Change: + 10.07% Day High: 1.74 Day Low: 1.48
Continued trades against HUR with a mid-price ABOVE 1.74 should improve t ……..
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View Previous Hurrican Energy & Big Picture ***
LSE:IGAS Igas Energy. Close Mid-Price: 17.6 Percentage Change: + 1.73% Day High: 0 Day Low: 0
Below 16p now carries an expectation of a visit to 11p. If broken, our sec ……..
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View Previous Igas Energy & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 153.8 Percentage Change: + 0.69% Day High: 155 Day Low: 152.05
Continuing to crush hope, M&S needs exceed 165 to suggest playtime has arr ……..
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View Previous Marks and Spencer & Big Picture ***