October 7, 2016
Pound Crash Today, October 7, 2016
If you can, blame anything possible.
Pound Crashes in Early Asian Trading
Bloomberg said, “Two minutes of chaos in Asian trading sparked a plunge in the pound to a 31-year low, with traders saying the slump was exacerbated by computer-initiated sell orders.”
See a screen capture I did on Pound Cad, GBPCAD in 15 minutes using MT4 platform. the market open 1.6675, close 1,6101, with high 1.6677 and low 1.5682. What a great move.
Read story on Bloomberg, Flash Crash of the Pound Baffles Traders With Algorithms Being Blamed.
Screen Capture from MT4 Charting
October 7, 2016 GBPCAD 15 Minutes Screen Capture using MT4
Screen Capture from MT4 Charting on Hourly Charting
It is too early to know the true market emotion. We need to wait for the day close, which is another thirteen hours away. The close will reflect the true market sentiment.
This is capture at SGT 16 hours, while the platform is on 11 am.
October 7, 2016 GBPCAD H1
See Chart from Bloomberg.
Chart from Bloomberg, source from Internet.
Moses Forex Desk
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