#Gold #SP500
Discussing the history of the Pound / Dollar relationship often feels like it’s about to drift into BBC Radio2 Ken Bruce territory, the much respected “One Year Out” rejoinder in his Popmaster morning quiz. An easy starter for 10 question; “when were things as bad for GBPUSD as they are now?” A glance at the chart gives an answer of sorts.
Except, the obvious answer is wrong!
Back in 1985, GBPUSD managed to close a session at 1.0444 whereas this years crash managed to “only” close at 1.0725. Thus, despite an intraday brush with parity, the September crash cannot be regarded as poorly as 1985’s shambles, instead perhaps indicating some real strength is about to make introductions by providing a strong bounce. To be fair, this possibility is about as close to a sure thing as the markets get!
Above 1.2345 should next trigger price recovery to 1.2851 with secondary, if beaten, at 1.3307.
This secondary makes a lot of sense, colliding with a Big Picture downtrend which dates back to 2007. As a result, some hesitation is anticipated at this secondary target level. For the longer term, it becomes crucial for the pairing to actually CLOSE a session above this Blue downtrend as this calculates as entering a cycle to some truly surprise ambitions with 1.6322 looking probable eventually. But for now, we suspect 1.3307 shall prove a viable ambition. Hopefully politicians refrain from spoiled the scenario.
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:30:12PM | BRENT | 83.16 | Shambles | ||||||||
| 9:32:17PM | GOLD | 1766.95 | 1765 | 1758 | 1741 | 1779 | 1781 | 1786 | 1793 | 1771 | |
| 9:37:56PM | FTSE | 7558.2 | ‘cess | ||||||||
| 9:39:19PM | STOX50 | 3953.4 | |||||||||
| 9:41:38PM | GERMANY | 14445.66 | Success | ||||||||
| 9:43:38PM | US500 | 4002.12 | 3983 | 3952 | 3902 | 4013 | 4070 | 4097 | 4135 | 4039 | ‘cess |
| 9:46:01PM | DOW | 33971.2 | ‘cess | ||||||||
| 9:47:58PM | NASDAQ | 11798 | Success | ||||||||
| 9:50:32PM | JAPAN | 27669 | Shambles |
5/12/2022 FTSE Closed at 7567 points. Change of 0.15%. Total value traded through LSE was: £ 5,078,150,606 a change of 13.07%
2/12/2022 FTSE Closed at 7556 points. Change of -0.03%. Total value traded through LSE was: £ 4,491,031,065 a change of -9.42%
1/12/2022 FTSE Closed at 7558 points. Change of -0.2%. Total value traded through LSE was: £ 4,958,235,310 a change of -42.03%
30/11/2022 FTSE Closed at 7573 points. Change of 0.81%. Total value traded through LSE was: £ 8,552,950,993 a change of 45.26%
29/11/2022 FTSE Closed at 7512 points. Change of 0.51%. Total value traded through LSE was: £ 5,887,947,739 a change of 42.84%
28/11/2022 FTSE Closed at 7474 points. Change of -0.16%. Total value traded through LSE was: £ 4,121,947,461 a change of -6.58%
25/11/2022 FTSE Closed at 7486 points. Change of 0.27%. Total value traded through LSE was: £ 4,412,047,721 a change of 36.26%
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:CEY Centamin** **LSE:FRES Fresnillo** **LSE:GLEN Glencore Xstra** **LSE:IGAS Igas Energy** **LSE:OXIG Oxford Instruments** **LSE:TERN Tern Plc** **
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Updated charts published on : Centamin, Fresnillo, Glencore Xstra, Igas Energy, Oxford Instruments, Tern Plc,
LSE:CEY Centamin Close Mid-Price: 107.8 Percentage Change: -0.46% Day High: 110.2 Day Low: 107.45
Continued trades against CEY with a mid-price ABOVE 110.2 should improve ……..
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View Previous Centamin & Big Picture ***
LSE:FRES Fresnillo. Close Mid-Price: 897 Percentage Change: + 0.16% Day High: 934.8 Day Low: 897.6
Target met. In the event of Fresnillo enjoying further trades beyond 934. ……..
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View Previous Fresnillo & Big Picture ***
LSE:GLEN Glencore Xstra. Close Mid-Price: 561.6 Percentage Change: + 0.59% Day High: 571.8 Day Low: 561.2
Further movement against Glencore Xstra ABOVE 571.8 should improve accele ……..
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View Previous Glencore Xstra & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 17.2 Percentage Change: -7.53% Day High: 18.3 Day Low: 16.55
Weakness on Igas Energy below 16.55 will invariably lead to 15p with seco ……..
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View Previous Igas Energy & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2240 Percentage Change: + 1.82% Day High: 2260 Day Low: 2210
Target met. In the event of Oxford Instruments enjoying further trades be ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:TERN Tern Plc. Close Mid-Price: 12 Percentage Change: + 10.09% Day High: 12.25 Day Low: 11
Continued trades against TERN with a mid-price ABOVE 12.25 should improve ……..
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View Previous Tern Plc & Big Picture ***