Apple is trading in an upward channel on a 4 hour time frame. This confirms that the trend is towards the upside. As long as we trade within this channel, the bias remains towards the upside. The stock price is also trading above the 50 (shown in yellow and the price is 106.53) and 100…
اقرأ المزيدThe EUR/USD pair is trading in an upward wedge pattern on a 4 hour time frame. This confirms that the trend is skewed towards the upside and as long as we remain within this channel, the bias may remain for further upside move. The price is trading above the 50 (1.1384) and 100 day (1.1298)…
اقرأ المزيدThe GBP/USD pair is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is towards the downside and as long as we are trading below this trend line, the bais may remain skewed towards the downside. The price is also trading below the 50 and 100 day…
اقرأ المزيدThe DAX index is trading below the downward trend line on a 4 hour time frame. This confirms that the trend is skewed towards the downside. The price has also pierced the lower line of Bollinger band indicator which confirms that the volatility is high. Piercing of the Bollinger band does have a significant importance…
اقرأ المزيدThe GBP/USD pair is trading near its minor support zone (1.4107-1.4051) on a 4 hour time frame. The price is trading at 1.4125 which is below the 50 and 100 day moving averages (shown in yellow and red). The reading for 50 day MA is 1.4252 and the 100 day is 1.4268. The price is…
اقرأ المزيدThe USD/JPY pair is trading in a downward channel pattern on a 4 hour time frame. This confirms that the trend is skewed towards the downside. Moreover, the price is also trading below the 50 (shown in yellow) and 100 day (shown in red) moving averages and this further confirms the earlier statement as these…
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