FTSE100 VS GBPUSD & DAX30 VS EURUSD
Do we have the same pattern and the same trend…….
I want to show something who caught my eyes, it’s very easy to see and even to predict the next move for the ftse100 and GBPUSD for the near future
Euro Dollar fought for a long time and didn’t broke 1.19 level rate
While Dax, did not make significant gestures, during Euro USD shuffled
When, at the end of 2014, euro-dollar broke the lower threshold level of 1.19 + _, DAX stood at the 10,000 +_ level points
The next 3 to 4 months the Euro-dollar rate fell to the level of 1.0420 +-
DAX rate rose at the same time the level of 12300 points the
Rough calculation
Euro exchange rate against the dollar fell by 10%
whıle DAX index rose by 23%
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| EURUSD VS DAX |
Now let’s take a look at the FTSE100 and GBPUSD rates
After BREXIT Pound’s hair was cut down sharply
And broke its lowest level since 2008 (level 1.3480)
Only in 1985 was lower hair, which is the voltage dropped to 1.1 against the dollar
If we compare the situation of the pound against the euro
And add the FTSE front of the DAX
We can see, it is likely to take similar action
My guess, and I already mentıon thıs on my post :
Dollar Pound’s rate wıll fell to the 1.23-1,24 area_
FTSE wıll up to 7300-7400 points
(This assumption is valid as long as FTSE’s rate will be kept above 6300 points level,and
GBPUSD rate will be kept below 1.37 )
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