Copper is firmly trading below the downward trend line and this confirms that the trend is towards the downside. As long as we stay below this trend line, the bears will stay in control of the price action. However, a meaningful support area is not far enough which starts from 1.9651 -1.888. If we break…
اقرأ المزيدThe USD/JPY pair is trading in an ascending triangle pattern on a daily time frame pattern. The price is trading within the Bollinger band and this represents that the volatility is low for the pair. Moreover, it is also trading near its 20 day moving average which is further confirmation of the above statement. The…
اقرأ المزيدThe GBP/USD pair is trading in a downward wedge pattern on a 4 hour time frame. The price may continue this trend which is towards the downside as long as we are trading within this wedge pattern. The pair is above the 50 day- shown in yellow and the 100 day day-shown in red, moving…
اقرأ المزيدThe yellow metal fell from our Identified resistance zone (which we mentioned in our analysis yesterday) on a 30 minute time frame. The price has moved more than three to one reward to risk ratio as the risk was nearly one dollar and the price has moved away by almost three dollars- thus profit $3.…
اقرأ المزيدThe GBP/USD pair is trading in a downward wedge pattern on a 4 hour time frame. The price may continue this trend which is towards the downside as long as we are trading within this wedge pattern. The pair is above the 50 day- shown in yellow and the 100 day day-shown in red, moving…
اقرأ المزيدThe USD/JPY pair is trading in an ascending triangle pattern on a daily time frame pattern. The price is trading within the Bollinger band and this represents that the volatility is low for the pair. Moreover, it is also trading near its 20 day moving average which is further confirmation of the above statement. The…
اقرأ المزيد
