with moving averages , more powerful still is trendline,
looking at higher timeframe trendline is where prices reacts,
just like today, GBP is reacting down from long term trendline, of many years,
looking at violent forex market moves today in asian session, it seems that Mr.market is factoring in that brexit deal is not going to happen.
and is preparing for big shock of blackswan event, who knows , but prices are reacting for that only. and for this big move in GBP surely lots of money is needed.
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us 30 years bond has hit trendline in weekly chart and is not falling, but trying to bounce back after second hit on it,
usdindex is hovering just below 200 ema on monthly chart, so it is less likely that it will go down more (usd has factored in now fully corona relief pacakge), more likely looking at weekly chart it seems it will strengthen from here on, as all traders are long eur and short usd now, and market does not like this kind of consensus,
so it is not a time to invest more but to take out investments from the stocks before christmas when activitiy tends to slow down.
rise of usd from here on will likely keep the gains in s&p 500 in check.
fall of gbp is what may be initial signs of upcoming usd strength.
