#FTSE #Nasdaq Perhaps there’s an opportunity for all these inflatable boats abandoned on the south coast. Surely, holidaymakers from England should make use of them to travel to France, attempting to sneak in below the radar, if unvaccinated. It is a shame so many RIBs (Rigid Inflatable Boats) face a life of single use, when surely there’s a family from Bristol who fancy a stealth holiday. The prospect of the UK media trying to handle such an excursion would be a delight.
Another thing which irritates is GBPEUR. Or, with some Forex trade providers strange insistence, EURGBP only, a strange decision as they are UK based and could be reasonably expected to show the pairing properly. Equally odd, the same providers give GBPUSD headline coverage, never with USDGBP available. It’s all very mysterious and when we’ve asked, the replies never make any logical sense.
As it appears those of us who’ve been fully vaccinated are welcome in Europe – or to be more succinct, our money is welcome – it currently appears the UK Pound is due to strengthen against the EURO, rather neatly in time for the holiday season commencing. Certainly, the immediate suggestion is it may be best holding onto Sterling in the relatively near future as a boost to the pairing looks very possible.
Presently trading around 1.1747, the relationship need only strengthen above 1.1760 and it calculates with an initial ambition of 1.1825. Visually, this challenges the previous high of 2021 but while some hesitation is possible, we suspect the pairing shall head higher, if only thanks to the irrational dip a few weeks ago. Above 1.1825 and it becomes pretty easy to produce 1.2006 as a secondary target. At this level, some real nerves can be anticipated with the relationship visually challenging the pre-pandemic highs.
For the longer term, it shall be worth remembering the pair has already broken through the Blue downtrend since 2015 and arithmetically, we can ‘prove’ a distant attraction is coming from a distant looking 1.2505
For everything to go pear shaped (or perhaps Boris shaped), things need founder below 1.145 to cause a real headache. We’d regard this as early warning for everything going very wrong.
Once again, many thanks to those nice folk who find adverts on this page sufficiently interesting to visit. Pays for our holiday coffee!
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:54:33PM | BRENT | 73.88 | ‘cess | ||||||||
| 9:57:23PM | GOLD | 1798.88 | |||||||||
| 9:59:18PM | FTSE | 6996.22 | 6960 | 6953 | 6934 | 7010 | 7015 | 7053 | 7096 | 6975 | Success |
| 10:01:10PM | FRANCE | 6555.5 | |||||||||
| 10:03:51PM | GERMANY | 15513 | Shambles | ||||||||
| 10:21:47PM | US500 | 4388.52 | Success | ||||||||
| 10:23:54PM | DOW | 34956.5 | |||||||||
| 10:26:22PM | NASDAQ | 14888 | 14860 | 14841.5 | 14742 | 14998 | 15002 | 15080 | 15181 | 14872 | Success |
| 10:32:14PM | JAPAN | 27543 | Success |
27/07/2021 FTSE Closed at 6996 points. Change of -0.41%. Total value traded through LSE was: £ 4,879,437,530 a change of 9.03%
26/07/2021 FTSE Closed at 7025 points. Change of -0.03%. Total value traded through LSE was: £ 4,475,417,848 a change of 19.69%
23/07/2021 FTSE Closed at 7027 points. Change of 0.85%. Total value traded through LSE was: £ 3,739,108,834 a change of -21.27%
22/07/2021 FTSE Closed at 6968 points. Change of -0.43%. Total value traded through LSE was: £ 4,748,992,590 a change of -28.77%
21/07/2021 FTSE Closed at 6998 points. Change of 1.7%. Total value traded through LSE was: £ 6,667,496,815 a change of 20.91%
20/07/2021 FTSE Closed at 6881 points. Change of 0.54%. Total value traded through LSE was: £ 5,514,441,062 a change of 18.32%
19/07/2021 FTSE Closed at 6844 points. Change of -2.34%. Total value traded through LSE was: £ 4,660,799,780 a change of -7.14%
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:CASP Caspian** **LSE:DGE Diageo** **LSE:IPF International Personal Finance** **LSE:ITM ITM Power** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:RBD Reabold Resources PLC** **LSE:SPX Spirax** **LSE:ZOO Zoo Digital** **
********
Updated charts published on : Caspian, Diageo, International Personal Finance, ITM Power, Polymetal, President Energy, Reabold Resources PLC, Spirax, Zoo Digital,
LSE:CASP Caspian. Close Mid-Price: 2.8 Percentage Change: + 19.15% Day High: 2.9 Day Low: 2.35
Continued trades against CASP with a mid-price ABOVE 2.9 should improve th ……..
</p
View Previous Caspian & Big Picture ***
LSE:DGE Diageo. Close Mid-Price: 3480 Percentage Change: + 0.53% Day High: 3497 Day Low: 3404.5
It is still the case this needs beyond 3553 to convince it intends head to ……..
</p
View Previous Diageo & Big Picture ***
LSE:IPF International Personal Finance. Close Mid-Price: 140 Percentage Change: + 3.70% Day High: 142.6 Day Low: 138
This got interesting as above 143 now suggests traffic to an initial 152 w ……..
</p
View Previous International Personal Finance & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 383.8 Percentage Change: -0.78% Day High: 393.4 Day Low: 374.2
Below 374 threatens travel down to 360 with secondary, if broken, now a de ……..
</p
View Previous ITM Power & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 1510 Percentage Change: -0.56% Day High: 1519.5 Day Low: 1495.5
Target Met. The slavish adherence to the Blue downtrend must mean somethin ……..
</p
View Previous Polymetal & Big Picture ***
LSE:PPC President Energy. Close Mid-Price: 2.08 Percentage Change: + 1.22% Day High: 2.08 Day Low: 2.05
Another month has passed and it’s still the case President Energy needs mi ……..
</p
View Previous President Energy & Big Picture ***
LSE:RBD Reabold Resources PLC. Close Mid-Price: 0.44 Percentage Change: + 23.61% Day High: 0.46 Day Low: 0.36
Above 0.48 should allow an utterly useless 0.515 with secondary, if better ……..
</p
View Previous Reabold Resources PLC & Big Picture ***
LSE:SPX Spirax. Close Mid-Price: 14710 Percentage Change: + 0.62% Day High: 14820 Day Low: 14520
Target Met. This is pretty impressive as above 14820 now allows for 15000 ……..
</p
View Previous Spirax & Big Picture ***
LSE:ZOO Zoo Digital Close Mid-Price: 137 Percentage Change: -0.36% Day High: 140.5 Day Low: 137
Above 141 still indicates the potential of growth to an initial 148p. If e ……..
</p
View Previous Zoo Digital & Big Picture ***