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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessWhat to make of the long-term Cable.....>
CABLE TECHS: What to make of the long-term Cable chart?:
- The monthly chart clearly highlights that we are close to an important
crossroads.
- 1.2000 is pivotal, what would a break of this level imply?
- The failure at the 1.4000 level in Q1/Q2 2018 now appears to have been an
ominous warning of things to come.
- Levels close to 1.4000 provided support in 1993, during 2000-2002 and 2009.
- Eventually a clear break was confirmed in 2016.
- Importantly, the 1.4000 handle provided resistance in 2018, reinforcing the
potential long-term bearish implications of the break in 2016.
- The next test will be 1.2000.
- A clear break would leave the 1985 low of 1.0520 exposed, and even parity!
- Will it hold? See Cable monthly chart:
https://emedia.marketnews.com/marketnewsintl/GBP1703.PNG
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.