Crude oil is entering in a minor support zone (35.89-36.24) on a 4 hour time frame. The price is trading below the downward trend line and this confirms that the trend is towards the downside. The crude price, which is trading at the time of writing this article has a reading of 36.24 and it…
اقرأ المزيدThe gold price is trading in a symmetrical triangle pattern on a 4 hour time frame. These patterns are notorious because of their failure rate with respect to their pattern completion projection. The symmetrical triangle usually breaks in the direction of the trend and the trend line (shown in pink) confirms that the trend is…
اقرأ المزيدThe EUR/USD pair is trading above its upward trend line on a 4 hour time frame. This confirms that the trend is skewed towards the upside and as long as we remain above this trend line, the bias may remain for further upside move. The price has pierced the Bollinger band, as shown in the…
اقرأ المزيدThe EUR/USD pair is trading above its upward trend line on a 4 hour time frame. This confirms that the trend is skewed towards the upside and as long as we remain above this trend line, the bias may remain for further upside move. The price has pierced the Bollinger band, as shown in the…
اقرأ المزيدThe GBP/USD pair bounced from its support zone which was mentioned in our analysis on the 23rd of March. The risk mentioned in that support zone was 48 pips and the price bounced back up to all the way to 1.4287 at one stage. This represents a potential profit opportunity of 269 pips approximately.
اقرأ المزيدThe Precious metal 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 are trading below the this trend line, the bias may remain skewed towards the downside.
اقرأ المزيد
