[GBP] Before the U.S. Presidential Election

GBP/USD 1-hour chart, source: forexfactory.com

GBP/USD 4-HOUR CHART, source: forexfactory.com

The price of currency pair GBP/USD made a gap decline at the opening the market in this week. The opening with gap decline is not abnormal. In Monday morning, the gap is occurred frequently and it is bridged in a day. It is ordinary case. But in the day, the price of currency pair failed to bridge the gap and the price is building the downward pattern, Head-and-Shoulders pattern in one-hour chart and four-hour chart.


The chart moves down and repeat up and down in the band of about 1.23~1.25 in the week, I guess.


Prior the technical analysis, we need to watch the market with the fundamental analysis. The U.S. Presidential Election is held on Tuesday. The politics news is belong to unanalyzable realm technically. The technical analysis can't watch political and economy events.


The election leads the market to fog. The uncertain situation makes the market participants just watch the market and political situation.


Should we trade in the market, nevertheless?

[EUR] 調整の準備

EUR/USD 4-hour chart, source: forexfactory.com

EUR/USD weekly chart, source: forexfactory.com

私の予想に反して、通貨ペアのEUR/ USDの価格は先週上昇し、それが今週、その蜂起の傾向を続けています。その価格は調整に直面し、短期的にはその傾向を維持することが、私は思います。それはよりよい調整後の長いバイアスで市場に参入することになります。しかし、通貨ペアのトレンドは、中期および長期の不確実性の下にまだあります。


週足チャートで明示的なパターンは、それは私が三角形のパターンが長い時間で構築されているパターンは、価格の急落によって破壊されるだろうと思った2015年以来のバンドに移動した、まだ示されていません。しかし、価格は反発し、パターンが長方形に変形されます。価格が上下に移動し、いくつかの1.06〜1.16のバンドに明示的な信号が上部または下部のバンドが破壊された後に注目されてあり、私は推測します。

[EUR] Preparing the Adjustment

EUR/USD 4-hour chart, source: forexfactory.com

EUR/USD weekly chart, source: forexfactory.com

Contrary to my expectation, the price of currency pair EUR/USD rose last week and it keeps its uprising trend this week. Its price may face the adjustment and keep its trend in the short term, I think. It would be better enter the market with long bias after the adjustment. But the trend of the currency pair is still under the uncertainty in mid-term and long-term.

The explicit pattern in the weekly chart isn't shown yet, it has moved in the band since 2015. I thought the triangle pattern has been built in long time and the pattern would be broken by plunging price. But the price rebounded and the pattern is deformed to a rectangle. The price may move up and down in the band of some 1.06~1.16 and the explicit signal is watched after the upper or lower band is broken, I guess.