I look for value wherever it can be found
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DislikedNo offence but I have been following ING's coverage and opinion on the pound. They have been bullish pound for almost a year now? I do feel that this might be a case of "a broken clock is right twice a day". So far, I have never seen them adjust their view on the pound to neutral. It always has a hawkish bias on it. Eventually, they will be right. But is it really due to their research or is it simply luck? The most recent call is that a deal on brexit will be struck. No matter how rushed it is. They view that as a bullish pound... Really? Even...Ignored
Disliked29/12/2017 --- Another chart to make you wonder. Below is the weekly chart of EURUSD with 14 period RSI and 52 period ROC. 5 out of 7 times which RSI crosses over 70 and ROC is over 15%, prices will reverse by at least 5%. Coincidence? {image} Currently, we are not yet at that level, the charts seems to suggest that eurusd will continue to move higher in the short term. But will eventually reverse by at least 5%.Ignored
DislikedJust revisiting a chart from 2 months back. EURUSD Weekly with 52 period ROC and 14 period RSI. Whenever ROC crossed 15% mark and RSI crossed 70, 7 times this occured in history, 5 times EURUSD fell by at least 5%. The recent crossover and crossdown has been completed. Are we due for a 5% or more drop? This is such a thought provoking chart! {image}Ignored