The EUR/GBP pair is trading in a downward wedge pattern on a 60 minute time frame. The price is trading below the 50 and 100 day moving averages shown in yellow and red colours. This confirms that the trend is towards the downside and bears are in strong control of the price. The price could…
اقرأ المزيدThe GBP/USD pair has entered in a resistance zone on a 4 hour time frame. This is not a fresh level therefore, the odds are not that strong for the price to change its direction especially as we can see that it fell most recently from this level, but now having another attempt to pierce…
اقرأ المزيدCrude inventory data has shown a massive build up once again as most of refineries are in a process of their maintaince. Now looking at the fundamentals, they have not changed – too much supply and not enough demand obviously. The most of the upward move which we experienced last week was pretty much based…
اقرأ المزيدThe US retail data have taken all the singing and dancing away from the US dollar, which is under heavy selling pressure and hence we are experiencing another massive upward move for the precious metal. The data represents the most naked form of consumer confidence and it showed that the US consumers are holding back…
اقرأ المزيدThe DAX index is trading in a descending triangle pattern on a 4 hour time frame. The projection of this towards the downside could push the price all the way below both the support zones mentioned below. The price is trading near the 100 day moving average which is shown in red colour but still…
اقرأ المزيدThe AUD/USD pair is trading above its upward trend line on a 4 hour time frame. The pair is trading below its 50 day moving average shown in yellow colour but above its 100 day moving average- shown in red color. This translates that the bulls are losing their control of the price and the…
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