EURUSD The pair neared the awaited pivotal resistance at 1.2330, yet still struggling to stabilize above the 50 MA. The suggested morning scenario remains intact, yet we again point out to the signs of an expected bearish...
GBP/USD Open 1.4817 High 1.4877 Low 1.4693 Close 1.4812On Tuesday Pound/Dollar made a deep correction downwards at first, than recovered sharply upwards, in converse with negative Interbank sentiment at nearly -27%. The Cable depreciated to 1.4693 yesterday,...
Perhaps among the most basic of technical analysis, yet highly effective. Using Trend line Support and Resistance helps a trader target; profit taking levels, entry points as well as stops. It allows a trader to visualize trending...
EURUSD The pair touched 1.2240 – 38.2% Fibonacci correctional level– ,moving according to the suggested midday scenario yesterday on its way to complete forming the bearish technical pattern shown below. We currently await some upside movement; targeting 1.2330 –...
EURUSD The pair is negatively pressuring pivotal support mentioned this morning at 1.2280; whereas we see the possibility of a bearish technical pattern appearing on the four hour chart below.
GBP/USD Open 1.4752 High 1.4932 Low 1.4724 Close 1.4756On Monday Pound/Dollar continued the recovery process at first, than started weakening, in line with negative Interbank sentiment at around -28%. The Cable appreciated to 1.4932 yesterday, than dropped...
EURUSD The negative pressure on the pair yesterday has caused the breach of pivotal support levels starting from the bullish channel and passing by the retest of the previously broken neckline at 1.2330. SMA 50 has stopped the pair’s...
EURUSD The pair bearishly reversed due to negative pressures from momentum indicators over four-hour basis shown above, trading is still within the minor bullish channel while we await it to carry the pair to touch the resistance...
GBP/USD Open 1.4837 High 1.4932 Low 1.4773 Close 1.4817After the deep correction last Thursday, on Friday Pound/Dollar recovered partially, in converse with negative Interbank sentiment at around -25%. The Cable appreciated to 1.4883 on Friday, than dropped...
As the U.S Dollar continues to trade in a weak range, technicians will be looking for breaches of key levels which may suggest Dollar weakness will continue.
