EURUSDThe pair returned within the support for the previously breached rising wedge and above resistance for the bullish channel that represents the medium term bullish direction. This makes chances of returning the bullish trend returning within the...
EURUSDThe pair strongly rushed to the upside to attempt to surpass the retest for the support of the previously breached rising wedge, where it is heading towards the resistance level for the bullish channel that has returned...
GBP/USD Open 1.5182 High 1.5328 Low 1.5124 Close 1.5163 After some hesitation, on Wednesday Pound/Dollar sharply dropped again, in converse with the positive Interbank sentiment at nearly +13%. The Cable depreciated from 1.5328 to 1.5124 yesterday, closing...
EURUSDThe pair respected yesterday’s presented scenario, and currently fluctuates with a slight bias to the upside due to the effect of positive momentum. We expect the pair to retest 1.2820 –support for the breached rising wedge yesterday–...
EURUSDThe pair succeeded in breaching the pivotal support levels mentioned this morning at 1.2845, as it attempts to stabilize below it to insure that morning scenario is activated. From here, morning expectations will remain intact as long...
Trend Direction: Bullish Trend Reversal Level: 1.4940 Key Support Levels: 1.5200, 1.5270, 1.5150, 1.5050, 1.5000
GBP/USD Open 1.5284 High 1.5307 Low 1.5153 Close 1.5268 After another unsuccessful upward push up, on Tuesday Pound/Dollar corrected deeply downwards, in converse with the positive Interbank sentiment at nearly +16%. The Cable depreciated from 1.5307 to...
EURUSDThe pair descended sharply yesterday to retest the resistance for bullish channel previously breached and turned into support, which currently ascended towards 1.2845. Signs of a bearish pattern which is a rising wedge are seen over four-hour...
Moving averages can be used during trending and ranging time periods. If price had been moving ahead of the 50 day moving average or trading below the 200 day MA for a significant period of time and...
EURUSDThe pair breached 1.2985 yet with no confirmations, where the four-hour closing was below this level as the pair started a sharp descend that neared pivotal support levels between 1.2890 – 1.2860. The breach of the mentioned...
