The EUR/USD pair is trading in a downward channel on a 4 hour time frame. The price has challenged the upper line of this channel more recently, but it failed to break above this and the selling pressure pushed the price lower.
اقرأ المزيدBitcoin is trading in a downward sloping channel on a 60 minute time frame. The price is challenging the upper line of this channel and a break of this trend line towards the upside will confirm that the bulls have taken a strong control of the price. The price has also broken out of of the ascending wedge pattern which is shown by orange lines and this is another confirmation of the bullish price action.
اقرأ المزيدThe USD/JPY pattern is trading in a downward channel on a 4 hour time frame. The bottom end of this channel is becoming narrow which means that the price has a little room to move if it was going to continue its movement towards the downside.
اقرأ المزيدThe FTSE 100 index is trading in a symmetrical triangle pattern on 4 hour time frame. Although, these patterns are ranked towards the bottom due to their unreliability, however they usually break in the direction of the trend. As the price is trading above the 50 and 100 day (showing yellow and red) moving averages, this confirms that the trend is toward the upside. As long as the price is trading these averages the bias remains towards the upside.
اقرأ المزيدWTI is trading below the downward trend line on an intrude day time frame (4 hour). This confirms that the trend is towards the downside however, the price is above the 50 and 100 day moving averages (shown in yellow and red – respectively) which for many traders are considered as a sign of bullishness.
اقرأ المزيدThe USD/CAD pair is trading above its upward trend line on a daily time frame. we two upward trend line, one has a steeper angle than the other. However, the price is trading above both of the lines and this means that the uptrend is strong. The price has broken its 50 day (shown in yellow) moving average and this represents some weakness for the price. Nonetheless, we are still trading above the 100 day (shown in red) moving average.
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