Crude oil has broken its upward trend line on a 4 hour time frame. The has formed a triple top and touched its resistance zone, which is mentioned below, three times. If this pattern does break towards the downside, we could see the price moving sharply lower and breaking its support zone (shown below). Although,…
اقرأ المزيدThe USD/JPY pair is trading in a side pattern on a 4 hour time frame. This means that there is no clear trend of the price. The price is also trading within the Bollinger band which reflects that the volatility is low and the price is trading close enough to its 20 day moving average…
اقرأ المزيدThe IBEX index is trading below the downward trend line on a 4 hour time frame. This confirms that the index is trading towards the downside however it is has also formed a symmetrical triangle pattern which ranks on the bottom of the list. If the symmetrical triangle broken towards the downside, the probabilities are…
اقرأ المزيدCrude oil is trading sharply above its upward trend on a 4 hour time frame. This confirms that the upward trend is robust and the bias remains towards the upside as long as the price stays above this trend line. The crude price is testing the 50 day moving average which is shown in the yellow…
اقرأ المزيدThe FTSE 100 is trading in a sideway pattern on 4 hour time frame. This confirms that we do not have any dominating trend however, the price is trading below the downward trend line and it need to break above its trend line before it continuous its move towards the upside. Otherwise, the path of…
اقرأ المزيدThe EUR/USD pair is trading above its upward trend line on a 60 minute time frame. This confirms that the trend is towards the upside. The price has also formed a symmetrical triangle pattern, which is ranked towards the bottom of the list in terms of them completing their projections or reliability. IF the pattern…
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