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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The British Pound & the Aftermath of BREXIT

    Lobo
    Lobo
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    Posts : 28411
    Join date : 2013-01-12

    The British Pound & the Aftermath of BREXIT Empty The British Pound & the Aftermath of BREXIT

    Post by Lobo Fri 24 Jun 2016, 4:01 pm

    The British Pound & the Aftermath of BREXIT IBBPVA-D-6-24-2016
    The British Pound & the Aftermath of BREXIT BPFOR-D-6-24-2016
     
    The pound sterling had a smashing day ranging between 15016 and 13226; penetrating the 2009 low of 13508 as well as the 2001 low of 13680. That leaves the prior low that formed in 1985 of 10520 on the cash (103 futures). This is rather important for it implies that we should see that test of the 1985 low as soon as 2017. A year-end closing below 14050 will signal that should follow course. Keep in mind that our model has been projecting a significant dollar rally and the weakening of the EU will make that happen.
    The British Pound & the Aftermath of BREXIT IBBPVA-W-6-24-2016The British Pound & the Aftermath of BREXIT BPFOR-W-6-24-2016
    The British Pound & the Aftermath of BREXIT ECM-EuroThe British Pound & the Aftermath of BREXIT Euro-Hanging-509x1024We have two incredible important numbers coming into focus for the closing of June: 13660 and we also have a Quarterly Bearish at 13680 and 14280. Obviously, if we close June below 13660, we should expect the pound to decline sharply in the months ahead.
    On the Weekly level, a closing beneath 14000 will keep the pound in a bearish position. A merely closing beneath 14300 today will also signal that the pound is weak. There will be bearish sentiment, but this will begin to subside as people start to see that the EU cannot be sustained without the UK.
    The European Union peaked back in 2004. It is done – just stick a fork in it. The arrogance of Brussels and their anti-democratic approach to force their elitist views upon the people is coming back to haunt them. Unless Brussels reforms, we will see the collapse of the entire EU structure right down to the euro.
    https://www.armstrongeconomics.com/international-news/europes-current-economy/the-british-pound-the-aftermath-of-brexit/

      Current date/time is Sat 13 Jul 2024, 5:13 pm