AutoChartist تقرير العملات 16-05-11
AutoChartist تقرير العملات 16-05-11
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Technical Analysis: GBP/USD in a Resistance Zone
The GBP/USD pair has entered into a resistance zone on a 4 hour time frame (which is mentioned below). The price has gone deep in this resistance zone and this confirms that there may not be enough sellers to push the price down. We have also broken the downward wedge pattern and the projections of…
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USD/JPY- Trading Below its Downward Trend Line
The USD/JPY pair is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is skewed towards the downside and as long as we remain above this trend line, the bias may remain for further downside move. The price did pierced the Bollinger band but it is within…
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GBP/USD- Retraced from Its Resistance Zone
The GBP/USD pair has broken out of its wedge pattern towards the upside. The projection of this pattern could push the price near the 1.4875 level. The price has retraced after touching the minor resistance zone which is mentioned below.This confirms that there are some sellers who are willing to push the price lower. The…
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